Malik's two-day tally of 12-under-130 placed him one shot ahead of Delhi's Vinod Kumar and Bengaluru's Abhishek Jha in the Rs 75 lakh prize money event.
A one-hour fog delay in the morning resulted in an unfinished round today. Twelve players out of a field of 119 were yet to complete their second round when play was suspended due to fading light.
The 12 players will complete round two tomorrow morning before the cut is made.
Malik, a winner on the PGTI last year, then made merry on the 14th and 17th, both par-3s, with birdie conversions from five feet and 15 feet respectively.
Malik carried on the good work on the front-nine making a brilliant recovery from the hazard on the third where he ended up extracting a par from eight feet. A couple of top-class drives fetched the 30-year-old birdies on the fifth and eighth. He thus signed off with a second straight bogey-free effort.
After a seven foot birdie miss on his opening hole, the 10th, Vinod regrouped with four straight birdies from 11 to 14. He drove the par-4 12th green and landed it within six feet on the 11th, 13th and 14th. The 2011 TATA Open champion sank it from seven feet for birdie on the 16th but also conceded bogeys with three-putts on the 15th and 17th.
Vinod, a winner of two professional titles, then exhibited some tremendous wedge-play to recover well from the bunker, the bunker wall and the hazard, on the first, third and fourth respectively for two birdies and a par. The 35-year-old then made his third three-putt of the day to drop a shot on the sixth before closing with consecutive birdies on the eighth and ninth. Vinod's 15-feet birdie putt on the ninth was his longest conversion of the day.
It was an up and down day for Jha, who chipped-in for birdie on the fourth and also four-putted for bogey on the 12th. He came back into contention with birdies on the 13th and 16th to end the day in tied second along with Vinod.
Bengaluru's C Muniyappa and Kolkata's Feroz Ali Mollah were tied for fourth at nine-under-133 with both shooting scores of five-under-67 today.
Defending champion Om Prakash Chouhan of Mhow lies tied sixth at eight-under-134 along with Faridabad's Abhinav Lohan and R Murthy of Bengaluru. Chouhan posted an error-free 65 on day two.
Akshay Sharma of Chandigarh, who could complete only 15 holes today, had an outstanding run of six consecutive birdies from the 12th to 17th. He was four-under for the day in tied 40th place with an even-par total.
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