Punj Lloyd - Corporate Insolvency Resolution Process
21/11/2019 18:25
Punj Lloyd Limited has informed the Exchange about Dear Sir/Madam,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 Eighth Meeting of Committee of Creditors (COC) of Punj Lloyd Limited (Company) held on 14.11.2019 in terms of Regulation 19 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.The COC after the conclusion of the voting period resolved in terms of 2nd proviso Sub Section 3 of Section 12 of the Insolvency and Bankruptcy Code, 2016 (IBC), to accept the proposal of the Resolution Professional to file an application with the Adjudication Authority for extending the period of (CIRP) by 60 days beyond the period of 270 days, specified in terms of Sub Section 2 & 3 of Section 12 of IBC.You are requested to take the same on record.