Kurukshetra Expressway Faces Rs 753-Crore Debt Recovery Lawsuit Over Contract Termination Dispute

Saturday, 6 July 2024, 14:54

Kurukshetra Expressway Private Ltd., a JMC Projects (India) Ltd. joint venture, is embroiled in a Rs 753 crore debt recovery battle stemming from the termination payment dispute with NHAI. The debt recovery application filed by Bank of Baroda and other lenders signals a complex legal and financial showdown.

Ndtvprofit — Kurukshetra Expressway Faces Rs 753-Crore Debt Recovery Lawsuit Over Contract Termination Dispute

Kurukshetra Expressway Debt Recovery Lawsuit

Kurukshetra Expressway Private Ltd., in partnership with JMC Projects (India) Ltd., faces a significant challenge due to a termination payment dispute with NHAI.

Claimed Amount: Rs 753 crore

The Bank of Baroda and other lenders have filed a debt recovery application, intensifying the financial and legal turmoil for the project.

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