PNC Infratech (@PNCINFRA) has resolved a long-standing issue! 🏗️ Their 2020 resolution plan for Gwalior Bypass Project Ltd was stalled in NCLT for ~6 years due to legal challenges.

This tied up a ₹29.51 Cr bank guarantee and significant company resources. **The Fix:** PNC decided to no longer pursue the plan and reached an amicable settlement.

They received ₹20 Cr as compensation for costs incurred.

This move allows PNC to exit a protracted legal battle and free up resources for future projects. #PNCInfra #Infrastructure