Adani Infra Gets NCLT Nod for Acquisition of Punj Lloyd on Going Concern Basis

Adani Infra (India) Limited has received approval from the National Company Law Tribunal (NCLT) to acquire Punj Lloyd Limited on a going concern basis under the ongoing liquidation process. The acquisition plan was submitted by Adani Infra and was approved by the NCLT in accordance with the Insolvency and Bankruptcy Code, 2016 and the IBBI (Liquidation Process) Regulations, 2016. The approval was given on 12 February 2026. The acquisition includes the sale of the entire company on a going concern basis, excluding specified assets, and includes cash & cash equivalents, moveable assets located in Oman, and all realizations pursuant to the avoidance applications. The reserve price for this category is Rs. 281.10 Cr.