NCLT admits GVK Power & Infra with dues of Rs 18k cr to insolvency

ICICI Bank had petitioned the court in November 2020 to pursue the recovery of its $1.35 billion lent through its Dubai, Bahrain and Singapore branches along with 3 other lenders. Court documents show GPIL owes more than $2.6 billion in loans and corporate guarantees issued by lenders, mainly from foreign branches.