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Punj Lloyd has informed the bourses that its arms in Singapore, Punj Lloyd Pte Ltd (PLPL) and Sembawang Engineers and Constructors Pte Ltd (SEC), have filed applications under the Singapore Companies Act with the Singapore High Court, seeking permission to place PLPL and SEC under Judicial Management. This follows its earlier exchange filing which said that the proposal for the Scheme of Arrangement by PLPL and SEC was not approved and the PLPL Scheme was withdrawn.
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