Punj Lloyd, a debt-ridden engineering company, has failed to receive bids in the second e-auction for its sale. The reserve price was deeme...

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

As a result, the liquidator of the insolvent engineering firm will have to approach the shareholders' consultative committee to reduce the ...

In the case of the invocation of bank guarantee by Mitsubishi Heavy Industries Limited, the bench part heard the matter and listed it for J...

Jitender Kothari, an RP appointed by NCLT to look into the claims of State Bank of India against Ambani, approached the tribunal on Wednesd...

McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companie...

“…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-20...

The two new contenders are yet to clear legal scrutiny for conformity with the bidding guidelines, according to the people. Bankers are sai...

Punj Lloyd initially attracted interest from as many as 13 prospective bidders, according to people in the know. These included an arm of t...

Bidders were required to submit binding offers by August 14. 10 entities submitted expressions of interest.

We evaluate all opportunities that are allied to our business but do not comment on any specific transaction,” Sterlite Power said in a res...

The scrip jumped as much as 11.36 per cent to Rs 9.90 after the report.

A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd.

In a notice to the stock exchanges, the company confirmed that ICICI Bank filed an application in the NCLT under the Insolvency and Bankrup...

According to the company, 90 per cent of its lenders are supporting a resolution plan under the leadership of the State Bank of India (SBI)...

Shares of state-run banks took a heavy beating, which saw Nifty PSU Bank slipping nearly 2%.

The top 25 accounts were identified by an RBI-constituted panel comprising independent board members.