NCLT admits SBI's insolvency plea against Gayatri Projects

SBI's petition to initiate insolvency proceedings was admitted on Tuesday by a two-judge bench of VR Badarinath Nandula and S Ranjan Prasad, documents accessed by ET showed. SBI was the third lender to file a plea against the company. Previous pleas by the Bank of Baroda (BoB) and Canara Bank are still pending before the tribunal.

from Banking/Finance-Industry-Economic Times https://ift.tt/dPIVH0W