Home Headlines National Company Law Tribunal admits Aban Offshore under insolvency process

National Company Law Tribunal admits Aban Offshore under insolvency process

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The National Company Law Tribunal (NCLT), Chennai, on Monday (September 1, 2025) admitted Aban Offshore Ltd. for insolvency decision, following a petition filed by Punjab National Bank.

The order copy is awaited, Aban Offshore stated in a submitting to the inventory alternate.

Punjab National Bank, a monetary creditor, had moved the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, for a default quantity of ₹366.09 crore, the corporate stated.

Published – September 02, 2025 12:20 pm IST

Published 2 September 2025 12:20 PM · Updated 2 September 2025 12:43 PM · Headlines

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