Reliance Naval, the first private sector company to obtain licence and contract to build warships in the country, is estimated to owe more than Rs 9,000 crore to over two dozen banks,according to industry sources

MUMBAI: Anil Ambani-owned shipbuilder Reliance Naval & Engineering’s troubles have worsened with RFID solutions provider Markss Infotech filing a fresh insolvency petition against the firm.

The development comes more than a month after IDBI Bank had moved the National Company Law Tribunal (NCLT) against Reliance Naval for defaulting on a loan of about Rs 1,250 crore. Long-term infrastructure lender IFCI, too, had filed a similar application in November 2017, which is reported to be pending since then.

Kirit Shah, director of Mumbai-based Markss Infotech, confirmed the filing of the insolvency petition at NCLT Ahmedabad, to recover dues of about Rs 60 lakh, including interest.