Mr. Ashwini Mehra and the transaction advisor, Grant Thornton Bharat LLP, in the successful sale of PLL as a going concern.

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Apr 27, 2026

Mr. Ashwini Mehra and the transaction advisor, Grant Thornton Bharat LLP, in the successful sale of PLL as a going concern.

AZB & Partners advised Mr. Ashwini Mehra – the liquidator of Punj Lloyd Limited (“PLL”) and the transaction advisor, Grant Thornton Bharat LLP, in the successful sale of PLL as a going concern to Adani Infra (India) Limited. This transaction marks a pivotal moment, being one of the last instances where a company has been liquidated on a ‘going concern’ basis in light of recent reforms to India’s insolvency laws. Our deal team comprised of Avinash Subramanian, Jay Kothari and Aashirwa Baburaj.

Our litigation team comprised of Dhirajkumar Totala, Parag Maini, Abhimanyu Chopra, Raghav Chadha, Akash Manwani, Aman Chaudhary, Mukund Rawat, Harsha Uppal, Sayali Sawant and Rajveer Veera.

AUTHORS & CONTRIBUTORS

Partner:

Dhirajkumar Totala

Parag Maini

Abhimanyu Chopra

Raghav Chadha
Associates:

Akash Manwani

Aman Chaudhary

Mukund Rawat

Harsha Uppal

Sayali Sawant

Rajveer Veera

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