The respondents have filed a status report stating therein that a survey operation U/s 133 A of the Income-tax Act was conducted in the case of M/s Punj Lloyd Limited on 19-2-2019 and during the investigation it was found that M/s Punj Lloyd Limited had made payments against bogus bills raised by entities outside India which was directly/indirectly controlled by them. It is stated that this money later flowed back to the accounts of entities controlled by the promoters of M/s Punj Lloyd Limited.