Punj Loyd sees Cash Outlow of Rs 250 crs in it’s UK Subsidiary as Client SABIC encashes Bonds
Punj Loyd is facing a serious Problem in it’s wholly owned subsidiary in United Kingdom It has seen a Cash Outflow of Sterling Pounds 28.5 Million which translates to @ Rs 250 crs on encashment of Bonds by SABIC…The Subsidiary,Simon Carves Ltd has filed a Case against SABIC In a Growing Global Recession…UK has already admitted …