New Delhi: The public sector lender State Bank of India (SBI) has petitioned the NCLT to begin bankruptcy proceedings against PC Jeweller, a city-based jewellery producer and retailer, alleging a default.
Last week, PC Jeweller was notified by the chief bench of the NCLT in Delhi that it must respond to the section 7 Insolvency and Bankruptcy Code plea brought by its financial creditor SBI.