GC Chaturvedi

ICICI Bank Wants Rs 608 Cr Recovery from Gitanjali Gems

The Mumbai bench of NCLT heard the case filed by Gitanjali’s banker, who argued that the company is a case “fit and proper to be referred to Corporate Insolvency Resolution Professional." ICICI Bank said Rs 608 crore was due from the company out of Rs 5,980 crore due to a consortium of 33 banks, including Punjab National Bank, Allahabad Bank, Bank of Baroda, Central Bank of India.