Brief: Punj Lloyd says UK commercial court ordered unit to pay $26.2 mln to IFC
01/06/2016 13:15
June 1 (Reuters) - Punj Lloyd Ltd PUJL.NS : * Punj lloyd limited -co, unit been ordered to pay by high court of justice, UK sum of US$26.2 million, to international finance corp, towards their claims * Company is considering various legal options and shall take appropriate steps in respect of such order * Source text: Punj Lloyd Limited has informed the Exchange that the Company and its subsidiary, M/s Punj Lloyd Upstream Limited (PLUL) have been ordered to pay by the High Court of Justice, Queen's Bench Division, Commercial Court, UK sum of USD 26,173,659.16 (plus summary assessment costs amounting to GBP 75000), to International Finance Corporation, towards their claims.The Company is considering various legal options and shall take appropriate steps in respect of such order. * Further company coverage PUJL.NS ((Bengaluru Newsroom; +91 80 6749 1130))
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