J Kumar Infraprojects' bid to acquire Pranav Construction Systems Pvt Ltd. in bankruptcy court approved. J Kumar Infraprojects to pay ₹45 crore for the acquisition of the real estate firm against its admitted liabilities of about ₹212 crore. Lenders approved the revival plan. Pranav Construction Systems is a manufacturer of fabrication and precast iron structures. J Kumar Infraprojects has constructed metro-rail projects in Mumbai, Delhi, and Ahmedabad. The resolution plan is binding on the corporate debtor, employees, members, creditors, guarantors, and stakeholders.
