National Company Law Tribunal admits Aban Offshore under insolvency process

The National Company Law Tribunal (NCLT), Chennai, on Monday (September 1, 2025) admitted Aban Offshore Ltd. for insolvency resolution, following a petition filed by Punjab National Bank.

The order copy is awaited, Aban Offshore said in a filing to the stock exchange.

Punjab National Bank, a financial creditor, had moved the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, for a default amount of ₹366.09 crore, the company said.