ICICI Bank had approached the NCLT in 2018 to initiate insolvency proceedings against Punj Lloyd after it defaulted on a ₹854 crore loan.

NCLT grants Punj Lloyd liquidator extension till July 23 for dissolution

As a result, the liquidator of the insolvent engineering firm will have to approach the shareholders’ consultative committee to reduce the reserve price, pegged at ₹1,061 crore, and then seek approval of the National Company Law Tribunal (NCLT), they said.

Bankrupt Punj Lloyd fails to draw bidders

In the case of the invocation of bank guarantee by Mitsubishi Heavy Industries Limited, the bench part heard the matter and listed it for July 12. Mitsubishi claims there was a 10-month delay in completion, and the corporate debtor had failed to conduct repairs either. The counsel cited examples of …

NCLT adjourns claim pleas against Punj Lloyd

Chalasani who has over 40 years of experience in the power sector, served as group CEO at Suzlon from 2016 to 2020. Chalasani was the chief executive and Managing Director of Punj Lloyd since January 2014. Ashwani Kumar’s resignation comes despite a two-fold increase in profit for Suzlon in the Octo…

Ashwani Kumar steps down as Suzlon CEO, JP Chalasani takes over

The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007

Adani Group buys Air Works, forays into aircraft maintenance business

Originally, private sector lender ICICI Bank had approached the tribunal to admit the company under the Corporate Insolvency Resolution Process (CIRP) after the company defaulted on over ₹800 crore. On March 8, 2019, the tribunal admitted the plea.

Punj Lloyd goes into liquidation as lenders reject bid

Repco Home Finance, Brightcom Group, Future Enterprises, Central Bank of India, Sequent Scientific, HCC, Punj Lloyd, PNB Gilts, Spandana Sphoorty Financial, Max India, Maan Aluminium are also among the stocks in focus today.

Stocks in the news | Hindustan Zinc, Tata Motors, Indian Oil, TCS, Jindal Steel, Majesco

Punj Lloyd on Thursday said it is making efforts to make up for the lost time due to the Covid-19 pandemic

Efforts on to make up for the lost time due to Covid-19: Punj Lloyd

“…till the expiry of the period of one week from the lifting of the lockdown, imposed by the central government consequent to an n-Covid-2019 pandemic, IOCL shall remain injuncted from encashing/invoking the aforesaid three bank guarantees,” the court said while dealing with one of two petitions fil…

Delhi HC restrains IOCL from invoking bank guarantee furnished by Punj Lloyd

The Indian Oil-Punj Lloyd case is yet another instance where a court has granted relief to companies amid coronavirus lockdown.

Delhi High Court Restrains Indian Oil From Encashing Punj Lloyd’s Bank Guarantees

The two new contenders are yet to clear legal scrutiny for conformity with the bidding guidelines, according to the people. Bankers are said to be evaluating all three proposals.

Prudent ARC, US-based fund join the race for Punj Lloyd

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Punj Lloyd Limited is engaged in engineering, procurement and construction activities, as well as trading of steel products.

Punj Lloyd Ltd