Supreme Court Issues Notice to Punj Lloyd

Authority: Supreme Court of India, Bench: Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Shree Chandrashekhar

Order Date: 02 July 2026

Case Overview

• Civil Appeal No. 7376/2012 filed by Builders Association of India (appellant 1) and M/s Punj Lloyd Limited (appellant 2) against the Commercial Tax Officer and others (respondents).
• Hearing held on 01 July 2026; counsel for appellant 1, Mr. Rajiv Mishra, stated the matter is infructuous due to lapse of time.
• Counsel for appellant 2 indicated that Punj Lloyd is undergoing Corporate Insolvency Resolution Process (CIRP) with a Resolution Professional appointed; counsel could not comment on the stand of appellant 2 and has informed the Resolution Professional.
• The bench directed the registry to issue a notice to appellant 2 to make alternative arrangements.

Final Outcome

• Registry instructed to issue notice to appellant 2 (Punj Lloyd Ltd) for alternative arrangements.
• Matter listed for further hearing on 19 August 2026.

Topics: Insolvency, Tax Litigation