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New Delhi, Jan. 9 Infrastructure firm Punj Lloyd Ltd said on Friday its wholly owned UK unit has commenced adjudication proceedings against SABIC Petrochemicals UK Ltd, seeking restitution of £28.5 million in respect of bonds called by SABIC after the latter terminated a contract with it.

Simon Carves Ltd (SCL), Punj Lloyd’s UK subsidiary, will also seek additional costs and damages against SABIC associated with cost overruns in the project caused by changes in scope and design requested by the latter and also to recover damages for losses arising as a consequence of the termination of the contract, Punj Lloyd said in a filling to the BSE.

SCL had contracted with Huntsman Petrochemicals Ltd of UK (which was later acquired by SABIC) in 2006 to design and build a polythene plant at Wilton in the UK. This contract was entered into between SCL and SABIC, prior to the acquisition of SCL by Punj Lloyd in May 2006.

According to Punj Lloyd, after completion of the initial phases of the plant, the nature of the contract was changed by SABIC.

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