SBI moves insolvency plea against Jaiprakash Associates before NCLT

​​​ State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore as on September 15, 2022 from Jaiprakash Associates Ltd (JAL). Besides, SBI has also proposed the name of Bhuvan Madan as interim resolution professional of the company.

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