Punj Lloyd - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors
20/08/2019 16:08
Subject: Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (LODR) Regulations, 2015 - Post - facto Outcome of the 5th Meeting of COC of Punj Lloyd Ltd.

Pursuant to Regulation 30 (2) of SEBI(LODR) Regulations, 2015 and in accordance with the requirements of Sub Clause 16 (g) of Clause A of Part A of Schedule III of SEBI (LODR), we wish to inform you regarding the major outcome of 5th Meeting of COC of Punj Lloyd Ltd held on July 29, 2019 in terms of Regulation 19 of IBC, 2016

The COC after the conclusion of the voting period resolved:

1. In terms of Sub Section 2 of Section 12 of the IBC,2016 to accept the proposal of the RPto file an application with the Adjudication Authority for extending the period of CIRP by 90 days beyond the period of 180 days, specified in terms of Sub Section 1 of Section 12 of IBC.

2.To appoint Dun and Bradstreet as the technical auditor in the Company for reviewing the projects undertaken by the Company.