The giant Indian bank behind a failed coal mine at the centre of Western Australia's growing energy crisis is seeking almost $1 billion to salvage its disastrous position.
ICICI, which is India's biggest private bank, has plunged about $1.1 billion into the Griffin Coal mine, which was put into receivership in September owing almost $1.5 billion.
The debt owed to ICICI has ballooned since the bank funded the initial $750 million takeover of the mine by Indian conglomerate Lanco Infratech in 2010.
