High Court of Delhi stays NHAI debarment orders on the company and its SPV
The Hon'ble High Court of Delhi, by order dated 12.10.2026, stayed the effect of NHAI's debarment orders dated 11.09.2026 and 03.09.2026 against the Company and its SPV Awadh Expressway Pvt Ltd. Development, construction.
By ScoutQuest · · 2 min read
- Stay Order Date
- 12.10.2026
- Debarment Orders Dates
- 11.09.2026 and 03.09.2026
- Operational Impact
- Development, construction, operations and maintenance activities will continue unaffected
What the company informed
PNC Infratech Limited has informed the exchanges about an Order passed by the Hon'ble High Court of Delhi. The Company and its Special Purpose Vehicle, Awadh Expressway Pvt Ltd, described in the intimation as the Concessionaire, secured the Order staying the effect of the debarment orders issued by the National Highways Authority of India (NHAI).
This is a continuation of the Company's earlier intimations dated August 6, 2026 and September 14, 2026.
The two NHAI orders and the Court's Order
- NHAI debarment order dated 11.09.2026 against the Company
- NHAI debarment order dated 03.09.2026 against the Concessionaire
- The Hon'ble High Court of Delhi, vide its Order dated 12.10.2026, granted a stay on the effect of both debarment orders
- The Order was downloaded from the website of the Hon'ble High Court of Delhi by the Company on 13.10.2026
How the two orders are linked
The intimation states that the debarment of the Concessionaire was extended to the Company by the Authority.
What the company says about the impact
The Company states that the development, construction, operations and maintenance activities of the Company and its subsidiaries will continue to be unaffected. It has also stated that it will disclose financial implications, if any, in due course.
Trading window
The intimation notes that the trading window for dealing in the securities of the Company by designated employees, immediate relatives, specified persons and connected persons is already closed, in line with the Company's code of conduct on prohibition of insider trading.
How a reader can look at it
A stay granted by the Court keeps the effect of the two NHAI debarment orders in abeyance at this stage, and the matter continues before the Hon'ble High Court of Delhi. The information was shared under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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