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    HomeNewsBusinessWire NewsPerdaman seeks A$3.5 billion in damages from ICICI Bank in coal case

    Perdaman seeks A$3.5 billion in damages from ICICI Bank in coal case

    PERDAMAN-ICICI-BANK:Perdaman seeks A$3.5 billion in damages from ICICI Bank in coal case

    January 10, 2013 / 11:18 IST

    REUTERS - Australia's Perdaman Chemicals and Fertilisers said it has launched a damages claim against ICICI Bank seeking A$3.5 billion in its ongoing legal battle with India's Lanco Infratech over a stalled fertiliser project.
    The comapany said in an email that it had filed its application in federal court in Perth, Australia, on January 2.
    The dispute centres around a coal supply deal for Perdaman's proposed coal-to-urea project in Western Australia.
    Lanco and ICICI did not have immediate comment.
    (Reporting by Sonali Paul in MELBOURNE and Tony Munroe in MUMBAI)

    first published: Jan 10, 2013 11:18 am

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