NCLT allows acquisition plan for Punj Lloyd Limited by Adani Infra
The NCLT has approved Adani Infra (India) Limited's acquisition plan for Punj Lloyd Limited on a going concern basis. This follows AIIL being declared the successful bidder in the liquidation process. Further updates will be provided upon the NCLT's formal written order.
The approval of the acquisition plan by the NCLT is a critical step towards the resolution of the company's insolvency, with substantial implications for its future operations and stakeholders.
The NCLT allowing the acquisition plan is a significant positive development for the company and potential investors, indicating progress in the resolution process.
Punj Lloyd Limited (In Liquidation) has announced that the Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi, has allowed the application relating to the approval of the acquisition plan submitted by Adani Infra (India) Limited (AIIL). AIIL was previously declared the successful bidder for the acquisition of Punj Lloyd Limited on a going concern basis under the liquidation process.
This disclosure is made pursuant to the pronouncement of an oral order by the NCLT on February 12, 2026. The company is providing this update as a matter of good governance, as the formal written order is yet to be uploaded. Further updates will be provided within twenty-four hours of the final order being uploaded on the NCLT website.
What to do with a filing like this
Punj Lloyd Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Punj Lloyd Limited. Read the original for the full detail.