Investment1 April 2026 at 02:10 pm
Sadbhav Engineering's Restructuring Plan Confirmed by Punjab National Bank
AI Summary
Sadbhav Engineering Ltd. has received confirmation from Punjab National Bank that the Restructuring Plan of the company has been implemented on 31st March 2026, as per the Reserve Bank of India (Commercial Banks- Resolution of Stressed Assets) Directions, 2025. The confirmation comes after a consortium meeting dated 30th March 2026 and subsequent confirmation from the majority lenders led by PNB Consortium, which constitutes 77.83% by value and 60% by number.
Key Highlights
- Sadbhav Engineering's Restructuring Plan implemented on 31st March 2026
- Plan confirmed by Punjab National Bank
- Confirmation based on consortium meeting and majority lenders' approval
- PNB Consortium constitutes 77.83% by value and 60% by number