Punj Llyod announced that its wholly owned subsidiary - Punj Llyod Infrastructure has been awarded a project by Delhi Police for construction of police residential complex at Dheerpur, Delhi for an approximate cost of Rs 1300 crore. Powered by Capital Market - Live News

Punj Llyod announced that taking cognizance of the fact that the company is in corporate insolvency resolution process (CIRP), CARE has withdrawn the rating of `CARE D; issuer not cooperating`, assigned to the NCD issue and bank facilities of the Company with immediate effect.Powered by Capital Market - Live News

Punj Lloyd announced that the Arbitration Tribunal in the matter of Punj Lloyd & Anr. v/s Oil & Natural Gas Corporation in respect of Heera Redevelopment Project, has given an award in favor of Punj Lloyd for an amount of USD 4,985,866.37 with interest @ 9%p.a. from due date till the date of payment / realization along with a further amount of USD 17,500.00 and USD 7,919,661.00. The amount of USD 7,919,661.00 has to be paid within four months from the award otherwise interest @ 12% p.a. will be payable till the payment or realization thereof.Powered by Capital Market - Live News

Punj Lloyd announced the appointment of Gaurav Gupta as Interim Resolution Professional following initiation of Corporate Insolvency Resolution Process in the company under the Insolvency and Bankruptcy Code, 2016 (IBC).Powered by Capital Market - Live News

Punj Lloyd announced that Phiroz Adi Vandrevala (DIN 01778976) - Independent Director, Uday Jit Singh Walia (DIN 02393545) - Independent Director, and Shravan Sampath (DIN 02590066) - Independent Director, have resigned from the Directorship of the Company with immediate effect.Dinesh Thairani - Group President - Legal & Company Secretary has also resigned from the position of Group President - Legal & Company Secretary of the Company with immediate effect.Powered by Capital Market - Live News