PBA Infrastructure Faces CIRP As NCLT Admits Canara Bank ₹1126 Crore Claim

NCLT Mumbai admitted Canara Bank's Section 7 plea against PBA Infrastructure for default of Rs 1126.41 crore, initiating CIRP and appointing Vijay Pitambar Lulla as IRP. Management vests under IBC. Company plans to appeal before NCLAT.