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Tricom Fruit Products Limited submitted its Annual Secretarial Compliance Report for FY2026. The company remains under CIRP with a resolution plan currently awaiting NCLT approval.
Morarjee Textiles constituted an Implementation and Monitoring Committee following NCLT approval of its Resolution Plan. The committee includes representatives from the resolution applicant and creditors.
NCLT dismissed an insolvency application against Heranba Industries' subsidiary, Heranba Organics. The claim fell below the IBC threshold, ensuring no insolvency process was initiated.
NCLT Hyderabad admitted IDBI Bank's petition to initiate CIRP against GVK Power's subsidiary for a ₹39.67 Crore default. This signals significant legal and financial distress.
NCLT approved Beaufond Industries' ₹70.11 Crore resolution plan for Kobo Biotech. The plan involves a merger, fresh equity issuance, and settlement of all existing liabilities.
NCLT admitted a petition initiating CIRP against Parsvnath Developers for a ₹452.34 Crore default. An Interim Resolution Professional was appointed, though precipitative actions remain restrained.
Compuage Infocom Limited scheduled its 25th Committee of Creditors meeting for May 14, 2026. The company remains under the Corporate Insolvency Resolution Process.
Arshiya Limited admitted ₹6,652.04 Crore in creditor claims during its ongoing insolvency process. The updated list reflects verified financial and operational claims as of February 2026.
NCLT approved Raju Mangilal Marshiya as Resolution Professional for Supha Pharmachem Limited. He replaces the erstwhile IRP, assuming control over the company's ongoing insolvency process.
NCLT approved a ₹156 Crore resolution plan submitted by Shriniwas Spintex for Morarjee Textiles. The plan successfully concludes the company's insolvency process within a year.
NCLT approved Beaufond Industries' ₹70.11 Crore resolution plan for Kobo Biotech Limited. The plan ensures business continuity through debt settlement and restructuring.
Cerebra Integrated Technologies approved initiating insolvency proceedings under the IBC. Shareholders' approval is sought for this formal resolution process to address debt obligations.
NCLT Mumbai has reserved its order regarding the Resolution Plan submitted by Authum Investment & Infrastructure. This marks a critical final step in the company's insolvency resolution.
Vikas WSP Limited reported NCLT hearing updates regarding its Resolution Plan and fraudulent transaction applications. The matters are now listed for further hearing on May 18, 2026.
SKIL Infrastructure published a fresh Form G inviting resolution plans under the insolvency process. Expressions of interest require a ₹0.10 Crore deposit by May 16, 2026.
NCLT Mumbai orally approved the Resolution Plan submitted by Shriniwas Spintex Industries for Morarjee Textiles Limited. This marks a critical milestone in the company's CIRP process.
Unitech International Limited conducted its 9th Committee of Creditors meeting to discuss resolution plans. Professional appointments were deferred while prospective applicants presented their respective plans.
Prime Focus Limited faces CIRP following a Rs. 353.80 Crore default claim by Reliance Alpha Services. NCLAT has stayed further steps by the IRP until May 11, 2026.
Quadrant Televentures announced CoC approval for extending the resolution plan submission deadline until May 16, 2026. Other approved items include professional appointments and CIRP cost ratifications.
AGS Transact Technologies Limited, currently under the Corporate Insolvency Resolution Process (CIRP), will hold its 12th Committee of Creditors meeting on May 11, 2026. The meeting will be conducted via video conferencing as part of the ongoing insolvency resolution proceedings.
NCLT Mumbai Bench has admitted an insolvency petition against Prime Focus Limited for an alleged debt of ₹353.79 Crore filed by Reliance Alpha Services. The company denies receiving any funds under the agreement and has filed an appeal with NCLAT seeking an urgent stay. Business operations continue without disruption while the legal dispute is contested.
Shree Hanuman Sugar & Industries Ltd announced its 17th Committee of Creditors (CoC) meeting scheduled for May 8, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The meeting will discuss progress related to the company's ongoing resolution process.
BIL Vyapar Limited has entered the Corporate Insolvency Resolution Process (CIRP) under the IBC. Ms. Rachana Jhunjhunwala was appointed as the Resolution Professional effective January 13, 2026. Consequently, Regulation 27 regarding corporate governance reporting is non-applicable for the quarter and year ended March 31, 2026.
63 moons technologies subsidiary Ticker Limited provided updates on Baron Infotech's CIRP. The NCLT Hyderabad Bench directed the Resolution Professional to consider contentions from prospective applicant Vivek Kumar Ratakonda. A Resolution Plan by Innopark (India) has been filed, though its finality remains subject to NCLT approval.
Vikas WSP Limited (under CIRP) announced that its NCLT hearing for Resolution Plan approval, originally scheduled for May 4, 2026, was postponed. The matter has been re-listed for May 11, 2026, before the regular bench. The company remains under the management of an Interim Resolution Professional.
Kallam Textiles Limited announced the successful conclusion of its first Committee of Creditors (CoC) meeting on May 2, 2026. The meeting discussed CIRP timelines, ratification of expenses, and the appointment of a Resolution Professional. The company remains under the Corporate Insolvency Resolution Process as per IBC regulations.
The Hon'ble NCLAT has quashed the Corporate Insolvency Resolution Process (CIRP) against Embassy Developments Limited, setting aside a previous NCLT order. The company is now fully relieved from insolvency proceedings and continues normal operations. All consequential directions from the prior insolvency admission have been terminated and disposed of.
Embassy Developments Limited has been fully relieved from insolvency proceedings after the Hon'ble NCLAT set aside a previous NCLT order. The Corporate Insolvency Resolution Process (CIRP) has been quashed and closed, allowing the company to continue normal operations.
The Hon'ble NCLAT has quashed the Corporate Insolvency Resolution Process (CIRP) against Embassy Developments Limited, setting aside the earlier NCLT admission order from December 2025. Consequently, all insolvency-related directions are terminated, and the company has returned to normal operations.
Embassy Developments Ltd has been fully relieved from insolvency proceedings after the Hon'ble NCLAT set aside the earlier NCLT order admitting the company to CIRP. The tribunal dismissed the Section 7 petition filed by Canara Bank involving an alleged Rs. 202.03 Crore debt, allowing the company to continue normal operations.