Deals1 May 2026, 06:41 pm
Jonjua Overseas Board Approves EOI for Telephone Cables Insolvency
AI Summary
Jonjua Overseas Ltd's Board of Directors, at its meeting on May 1, 2026, approved the submission of an Expression of Interest (EOI) in consortium with M/s. Harjinder Singh Jonjua. This EOI pertains to the insolvency matter of M/s Telephone Cables Limited, a joint sector unit with Punjab State Industrial Development Corporation as a promoter. The Board also directed the consortium to leverage all available benefits and concessions for MSMEs. Major Harjinder Singh Jonjua (Retd.) was appointed as the authorized representative, and Harmanpreet Singh Jonjua, Advocate, will serve as the legal counsel for the company and the consortium.
Key Highlights
- Board approved EOI submission for Telephone Cables Ltd. insolvency.
- Consortium formed with M/s. Harjinder Singh Jonjua for the EOI.
- Company to utilize MSME benefits for the potential transaction.
- Major Harjinder Singh Jonjua appointed as authorized representative.
- Harmanpreet Singh Jonjua to act as advocate for legal matters.