Special Situations & Event Driven › Sub-category
Insolvency / Bankruptcy
79 articles
Hercules Investments Dispatches Postal Ballot; Multiple Legal Notices
Hercules Investments dispatched a postal ballot notice for e-voting on the appointment of an independent director, with remote e-voting from April 3 to May 2, 2026.
Cholamandalam Investment issued a p
Mahaalaxmi Texpro Promoter Pledge-Free Declaration FY2026
Mahaalaxmi Texpro Limited filed a Regulation 31(4) declaration confirming zero pledge or encumbrance on promoter equity shares for FY ended 31 March 2026.
The company was sold to Mahaalaxmi Textile as
GTN Textiles Pledges 23.57% Patspin India Shares
• Patspin India Ltd filed a Regulation 31(4) SEBI (SAST) disclosure for year ended March 31, 2026, on behalf of main promoter GTN Textiles Ltd.
• GTN Textiles Ltd holds 1,42,87,068 equity shares (46.2
MBECL Reports Nil Debt After NCLT Resolution
McNally Bharat Engineering filed a SEBI-mandated default disclosure showing nil outstanding loans and debt as on 31.03.2026.
All loans were fully settled under an approved Resolution Plan per NCLT Ord
Advait Energy Winds Up Norway Subsidiary
Advait Energy Transitions Ltd intimates winding up of its wholly owned Norwegian subsidiary Advait Energy Holdings AS, effective March 31, 2026.
The subsidiary contributed zero turnover and had a nega
NCLT Lists Lark Logistics Insolvency Case Under IBC
NCLT lists insolvency application by Tarannom Shargh International Transportation Company against Lark Logistics under IBC Section 9.
The case (IB/139/2021) and connected applications are listed for a
NCLT Re-notifies Universal Journeys Insolvency Application
The National Company Law Tribunal (NCLT) has re-notified a corporate insolvency application filed by Universal Journeys India Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 20
NCLT Re-notifies Senior Builders Insolvency Hearing
The NCLT has re-notified the hearing of an insolvency case against Senior Builders Limited to April 6, 2026.
The application was filed under Section 7 of the IBC by Lt. Col. Retd. SPS Aurora and other
Sadbhav Engineering Restructuring Plan Implemented by PNB
Sadbhav Engineering Limited's Restructuring Plan was duly implemented on 31/03/2026 under RBI's Resolution of Stressed Assets Directions, 2025.
PNB-led consortium holding 77.83% by value and 60% by nu
Nitin Fire Protection FY25 IBC Going-Concern Liquidation Sale
Company sold as going concern under IBC liquidation vide Sale Certificate dated October 3, 2024, for ₹3,577.80 lakhs to Elysian Wealth Fund consortium; total ₹3,675.12 lakhs distributed.
Capital reser
MT Educare Not Large Corporate, Under CIRP
MT Educare Limited confirms it does not meet Large Corporate criteria under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 as of March 31, 2026.
The company is undergoing Corporate Insolvency Resolution Pr
Bajaj Hindusthan Sugar CCPS Allotment Under Resolution Plan
Bajaj Hindusthan Sugar allotted 44,56,67,369 Series A 0.01% CCPS at Re.1/- each, aggregating Rs.44.57 Crores to Bank of India.
The allotment represents conversion of loan into CCPS on preferential bas
SITI Networks CIRP Loan Default Quarterly Disclosure
SITI Networks discloses full loan default of ₹1,206.03 crore as on March 31, 2026, per SEBI circular on default disclosures.
Company is under CIRP initiated by NCLT Mumbai on February 22, 2023; Board
NCLAT Dismisses Personal Guarantor Appeals in SBI Insolvency Case
The National Company Law Appellate Tribunal dismissed appeals by personal guarantors against the admission of a Section 95 application by State Bank of India.
The court held that the personal guarante
Carborundum Universal Winds Up German Subsidiary CAAG
Carborundum Universal discloses voluntary winding up of step-down subsidiary CUMI AWUKO Abrasives GmbH (CAAG), Germany, approved on 30th March 2026.
CAAG contributed Rs. 93 crores turnover (1.9% of co
Asahi Industries CIRP Resolution: Safex Realtor Takes Control
Asahi Industries Limited completes CIRP under NCLT Mumbai order dated 13/11/2020, with management handed over on March 24, 2026.
Safex Realtor Private Limited acquires 75% shareholding as Successful R
Tinna Rubber WOS Netherlands Dissolved
Tinna Rubber And Infrastructure Limited discloses voluntary winding up of its wholly owned subsidiary Tinna Rubber B.V., Netherlands.
The WOS was non-operational since inception with nil turnover and
Cian Healthcare Gets BSE Trading Approval for 2.5 Cr Shares
Cian Healthcare received BSE trading approval on March 30, 2026 for 2,50,00,000 equity shares (face value ₹10 each) under an NCLT-approved Resolution Plan.
Of the total shares, 12,50,000 were allotted
MT Educare Discloses ₹32.33 Cr Loan Default
MT Educare Ltd (In CIRP) discloses default on principal and interest to Prudence ARC and Axis Bank under SEBI LODR Regulation 30.
Total outstanding borrowings stand at ₹32.33 crore; defaults on princi
NCLT Adjourns SIDBI Insolvency Case to April 2026
The National Company Law Tribunal (NCLT) adjourned the hearing of an insolvency petition filed by SIDBI against Ish Raj Silicon Pvt. Ltd. to April 7, 2026.
The case, filed under Section 7 of the Insol
NCLT Adjourns Hearing in Incred Financial vs. Resonance Eduventures
The National Company Law Tribunal (NCLT) Jaipur Bench adjourned a hearing in the insolvency case filed by Incred Financial Services against Resonance Eduventures.
The hearing, originally scheduled for
NCLT Adjourns Bank of Baroda Insolvency Case Against Guarantor
The National Company Law Tribunal (NCLT) Jaipur Bench adjourned the hearing of an insolvency application filed by Bank of Baroda against a personal guarantor due to the unavailability of a judicial me
NCLT Adjourns Unique Infraengineering Insolvency Hearing to April 2026
The National Company Law Tribunal (NCLT) Jaipur Bench has adjourned a hearing in an insolvency case to 07.04.2026 due to the unavailability of the judicial member.
The case involves an operational cre
NCLT Adjourns Neo Infrastructure Insolvency Case Awaits SC
The National Company Law Tribunal (NCLT) adjourned the insolvency case of Neo Infrastructure Pvt. Ltd. under Section 7 of the IBC, 2016, pending a Supreme Court judgment.
The case, filed by Bank of Ba
NCLT Adjourns Section 7 IBC Case Due to AC Failure
The National Company Law Tribunal (NCLT) adjourned a Section 7 IBC hearing due to an AC failure in the courtroom.
The case involves Profectus Capital Private Limited as the applicant and M K Fashion H
NCLT Admits Section 9 IBC Application Against Pithadai Construction
The National Company Law Tribunal (NCLT) admitted a Section 9 IBC application filed by Mittal Construction Co. against Pithadai Construction Pvt. Ltd. for an unpaid operational debt.
The NCLT issued a
Bilcare Redeems Shares, Liquidates UK Subsidiary
Bilcare Limited redeemed 31,50,000 preference shares of Caprihans India Limited on March 23, 2026, aggregating ₹3.15 crore.
Bilcare converted 12,90,000 warrants into equity shares of Caprihans India L
Tijaria Polypipes OTS Writ Petition Dismissed
Tijaria Polypipes filed a Reg. 30 disclosure enclosing a Rajasthan High Court order dated 27/03/2026 dismissing its OTS writ petition against Bank of India.
The court dismissed S.B. Civil Writ Petitio
BKM Industries Post-CIRP Board Approves Results, Trading Resumption
BKM Industries Limited (formerly Manaksia Industries Ltd.) held a Board Meeting on 28–29 March 2026 to regularize compliances post-CIRP under the NCLT-approved Resolution Plan.
The Board approved stan
BKM Industries Q1 FY24 Delayed CIRP Results
BKM Industries submits Q1 FY24 results nearly 3 years late, delayed due to Corporate Insolvency Resolution Process under IBC 2016.
Standalone and consolidated net loss of ₹26 lakhs for Q1 FY24; zero r
BKM Industries FY23 Results Filed Post-CIRP
BKM Industries filed delayed FY23 standalone and consolidated results on March 28, 2026, approximately three years late due to CIRP under IBC 2016.
Manufacturing operations were entirely non-operation
BKM Industries Delayed Q3 FY23 Results Post-CIRP
BKM Industries filed Q3 FY23 results (quarter ended December 31, 2022) on March 28, 2026, delayed over 3 years due to CIRP under IBC 2016.
Company reported zero revenue from operations and a consolida
BKM Industries Q2 FY23 Results Filed Post-CIRP
BKM Industries filed delayed Q2 FY23 standalone and consolidated financial results on 28 March 2026, over 3.5 years late due to CIRP under IBC 2016.
The company reported nil revenue from operations wi
BKM Industries FY22 Results Filed Post-CIRP
BKM Industries filed delayed standalone and consolidated financial results for Q4 and FY ended March 31, 2022, approved by the Board on March 28, 2026.
The delay was due to Corporate Insolvency Resolu
BKM Industries Files Delayed Q1 FY23 Results Post-CIRP
BKM Industries filed standalone and consolidated Q1 FY23 results on 28 March 2026, nearly four years late due to CIRP under IBC 2016.
The company reported zero revenue and a net loss of ₹58 lakhs for
BKM Industries Delayed Q2 FY22 Results Post-CIRP
BKM Industries files Q2 FY2022 standalone and consolidated results on 28 March 2026, delayed ~4.5 years due to CIRP under IBC 2016.
Company reported zero revenue; standalone net loss of ₹291 lakhs for
BKM Industries Files Delayed Q3 FY2022 Results Post-CIRP
BKM Industries filed Q3 & 9M FY2022 standalone and consolidated results on 28 March 2026, over 4 years delayed due to CIRP under IBC.
Standalone net loss stood at ₹273 lakhs for Q3 FY2022 and ₹837 lak
BKM Industries Q1 FY22 Delayed Results Post-CIRP
• BKM Industries filed Q1 FY2022 (June 30, 2021) standalone and consolidated results on March 28, 2026, delayed due to CIRP under IBC 2016.
• Company reported zero revenue and a net loss of ₹273 lakhs
Arshiya Ltd 43rd & 44th AGM E-Voting Results
Arshiya Limited (under CIRP) held its 43rd AGM (FY 2023-24) and 44th AGM (FY 2024-25) on March 27, 2026 via VC/OAVM, passing all resolutions.
CIRP was initiated by Punjab National Bank for an alleged
Bajaj Hindusthan Sugar Allots 98.89 Cr CCPS to UCO Bank
Bajaj Hindusthan Sugar allotted 98,89,37,706 Series A 0.01% CCPS of Re.1 each to UCO Bank, aggregating Rs.98.89 Crores.
The CCPS were issued at par via preferential allotment through conversion of loa
CIAN Agro NCLT Approves Shubhada Tool Resolution Plan
NCLT Mumbai Bench approved CIAN Agro's Resolution Plan for Shubhada Tool Industries Private Limited on March 24, 2026.
Shubhada Tool Industries, under IBC process, manufactures hand-tools with a plant
Swan Defence Completes Full CoC Repayment
Swan Defence and Heavy Industries Ltd completed full and final repayment to all Committee of Creditors members on 27 March 2026.
Repayment was made in accordance with the Resolution Plan pursuant to N
United Breweries Duplicate Share Certificate Notice
• UBL files duplicate share certificate notice for 1,200 shares (Certificate No. 108386) lost by shareholder Chandra Prabha, per SEBI Circular dated December 24, 2025.
• Avro India issues EGM corrigen
NCLT Adjourns Personal Guarantor Cases Involving Premier Vinyl Flooring
The National Company Law Tribunal (NCLT) Allahabad Bench has adjourned three applications related to personal guarantors of Premier Vinyl Flooring Limited under the Insolvency and Bankruptcy Code (IBC
SIDBI Seeks Extension to Cure Appeal Defects
SIDBI filed an appeal on 17.12.2025, but the NCLAT registry raised defects on 19.12.2025, requiring a re-filing.
The appellant re-filed the appeal on 18.03.2026, causing a delay of 82 days in curing t
Arshiya Limited 43rd AGM Proceedings Under CIRP
Arshiya Limited held its 43rd AGM on March 27, 2026 via VC/OAVM, chaired by Resolution Professional Mr. Pankaj Mahajan.
Three agenda items transacted: adoption of standalone FY2023-24 financials, noti
Vishnu Chemicals UAE Subsidiary Winding-Up Delayed
Vishnu Chemicals updates BSE/NSE on delayed closure of its UAE wholly owned subsidiary, Vishnu International Trading FZE.
Winding-up delay attributed to prevailing geopolitical conditions in the Middl
JMG Corporation Open Offer Post-Completion: 52.64% Acquired
Mr. Neerav Bairagi completed JMG Corporation open offer acquiring 37,10,644 shares (16.02%) at ₹5.30/share, paying ₹1.97 crore.
Post-offer, Acquirer holds 52.64% (1,21,90,975 shares) in JMG Corporatio
SKIL Infrastructure CS Nilesh Mehta Resigns
SKIL Infrastructure Ltd, under CIRP since February 1, 2024, discloses resignation of Company Secretary Nilesh Mehta effective April 10, 2026.
Mehta cited prolonged non-payment of salary exceeding two
Sadbhav Engineering Signs ₹1,517 Cr Debt MRA
Sadbhav Engineering Limited executed a Master Restructuring Agreement (MRA) on 25 March 2026 with consortium lenders for total debt of ₹1,516.71 crore.
The MRA covers fund-based exposure of ₹906.35 cr
JSW Energy Acquires RCRIPL via IBC Resolution
JSW Energy completed acquisition of Raigarh Champa Rail Infrastructure Pvt Ltd (RCRIPL) as a wholly-owned subsidiary via IBC resolution process.
Total resolution amount is ₹700.10 crores via cash cons
BIL Vyapar 6th CoC Meeting Outcomes Disclosed
BIL Vyapar Limited (formerly Binani Industries Limited) discloses outcomes of its 6th Committee of Creditors meeting under CIRP.
CoC meeting was held on 13th March 2026, with e-voting concluding on 23
BIL Vyapar Auditor Renamed After Merger
BIL Vyapar Limited disclosed a change in statutory auditor name under SEBI Regulation 30.
V P Thacker and Co merged with Lodha & Bhatt, forming TLB & Co, Chartered Accountants, effective 28 January 20
HCG Tanzania Subsidiary Wound Up Effective March 2026
HealthCare Global Enterprises Limited disclosed the winding up of its wholly owned indirect subsidiary, Healthcare Global (Tanzania) Private Limited, effective March 02, 2026.
HCG Tanzania was a non-o
Compuage Infocom AGM Voting Results, CIRP
Compuage Infocom Limited (under CIRP) held its Adjourned 26th AGM on March 24, 2026, via VC/OAVM after a quorum failure on March 17, 2026.
Both ordinary resolutions — adoption of FY2025 financial stat
Alka India 31st AGM: 17 Resolutions Passed
Alka India Limited held its 31st AGM on 23rd March 2026 via VC/OAVM, passing 17 resolutions including ordinary and special business.
Key special resolutions include shifting registered office from Mah
NCLAT Lists Phoenix ARC Appeal Against AJR Infra
The National Company Law Appellate Tribunal listed an insolvency appeal filed by Phoenix ARC against AJR Infra & Tolling Ltd.
The appeal is scheduled for hearing on 08 May 2026, as per the order dated
AWL Agri Business Subsidiary Struck Off by MCA
AWL Agri Business Ltd discloses MCA approval of strike-off of its subsidiary AWL Edible Oils and Foods Pvt Ltd effective March 23, 2026.
The subsidiary had zero revenue from operations and a net worth
Supreme Court Dismisses Lamba Exports' Recall Plea
The Supreme Court dismissed Lamba Exports' recall application, citing lack of maintainability after the dismissal of its special leave petition.
The dispute involved an agreement to sell a property fo
NCLT Directs EPFO to Activate PF Code for VNR Infrastructures
NCLT Hyderabad allowed an application by VNR Infrastructures, directing the EPFO to activate its PF code without clearing past dues.
The tribunal ruled that past PF liabilities must be settled under I
NCLT Adjourns Ind-Bharat Power Insolvency to June 2026
The National Company Law Tribunal (NCLT) Hyderabad adjourned multiple applications in the insolvency case of Ind-Bharat Power (Madras) Ltd to 30 June 2026.
All hearings were deferred due to an ongoing
NCLT Modifies Order in Flint Group Insolvency Case
The National Company Law Tribunal (NCLT) in Ahmedabad modifies its earlier order in the insolvency case of Flint Group India Pvt. Ltd. filed by C J Shah & Co.
The order follows an appeal which directe
NCLT Allows Withdrawal of CIRP for Ajay Protech After Settlement
The NCLT allowed withdrawal of CIRP against Ajay Protech after a settlement between the corporate debtor and operational creditor.
The settlement involved a payment of Rs. 1.29 crore, with Rs. 6 lakhs
NCLT Adjourns SBI Insolvency Case to April 2026
The NCLT listed the insolvency case of Ethnic Tobacco for further hearing on 29 April 2026.
The Bankruptcy Trustee submitted judgments to support his continuation despite being 70.
The matter was list
Bheema Cements 46th AGM Notice Filed
Bheema Cements Limited has convened its 46th AGM via VC/OAVM on April 27, 2026, filed under Regulation 30 of SEBI LODR.
AGM agenda includes adoption of FY2024-25 financials, director re-appointment, a
Gayatri Highways Q3 FY26 LRR Deficiency Clarification & Results
Gayatri Highways (NSE: GAYAHWS, BSE: 541546) responded to NSE's March 11, 2026 observation citing a typographical error (Sept 2025 vs Dec 2025) and missing signature page in its standalone Limited Rev
NCLAT Dismisses BSE Appeals on Demat Account Freezing
The NCLAT dismissed BSE's appeals against NCLT orders to defreeze demat accounts of corporate debtors undergoing insolvency.
The tribunal held that NCLT has jurisdiction under IBC to order defreezing
GAIL Appeals Videocon Insolvency Case to NCLAT
GAIL (India) Ltd. has filed an appeal in the NCLAT against the Resolution Professional of Videocon Industries Ltd.
The case is scheduled for hearing on 11th May 2026 at the NCLAT Principal Bench in Ne
NCLAT Lists Appeals in Hotel Horizon Insolvency Case
NCLAT lists appeals by Vishal Sharma against NCLT order in Hotel Horizon insolvency, to be heard on 10.04.2026.
NCLT had directed police to take possession of assets and extended the resolution plan i
NCLAT Lists Suwarna Buildcon vs Sadbhav Engineering Appeal
The National Company Law Appellate Tribunal (NCLAT) listed Company Appeal (AT) (Insolvency) No. 1275 of 2025 for hearing on 21.04.2026.
The appeal involves Suwarna Buildcon Pvt. Ltd. (Appellant) and S
Compuage Infocom 26th AGM Outcome Under CIRP
• Compuage Infocom Limited's 26th AGM, held under CIRP, was conducted on March 24, 2026 via VC/OAVM after adjournment from March 17, 2026 due to lack of quorum.
• Two resolutions were tabled: adoption
Compuage Infocom 26th AGM Proceedings Under CIRP
Compuage Infocom Limited (under CIRP) held its 26th AGM on March 24, 2026 via video conference after adjournment from March 17, 2026 due to lack of quorum.
Quorum of 7 members including promoters and
Bheema Cements FY23 Annual Report: Zero Revenue, ₹4,702L Loss
Bheema Cements Limited submitted its 44th Annual Report (FY2022-23) to BSE on 23.03.2026, with the AGM scheduled for 27th April 2026 via VC/OAVM.
Company reported zero operational revenue and a net lo
Bheema Cements FY25 Annual Report: Nil Revenue, Qualified Opinion
Bheema Cements reported nil operational revenue for FY 2024-25, recording a net loss of INR 3,009.97 Lakhs post-CIRP completion.
Statutory auditors issued a qualified opinion citing NCLAT repayment de
NCLT Approves Mason Infratech's Resolution Plan for Sabve Rohini
The National Company Law Tribunal (NCLT) Mumbai approved the resolution plan submitted by Mason Infratech Ltd. for the insolvent Sabve Rohini Contractors Private Limited, which was approved by 96.7% o
Winsome Yarns Delays Q3 FY26 Results Under CIRP
Winsome Yarns Limited disclosed delay in submitting unaudited financial results for quarter ended 31.12.2025 under SEBI LODR.
Company has been under CIRP since 22 December 2023, initiated by Edelweiss
Winsome Yarns 27th CoC Meeting Outcome
Winsome Yarns Limited, under CIRP, held its 27th Committee of Creditors meeting on March 6, 2026 via video conferencing.
Resolutions proposed at the CoC meeting were approved by members with requisite
Winsome Yarns 28th CoC Meeting Scheduled
Winsome Yarns Limited (CIRP) schedules its 28th Committee of Creditors meeting on 25th March 2026.
Meeting to be held via video conferencing at ARCK Resolution Professionals LLP office, New Delhi at 5
ET Planners Dissolved via NCLT Order
NCLT New Delhi Bench dissolved ET Planners Private Limited, a step-down wholly-owned subsidiary of Max Healthcare Institute Limited, on March 25, 2026.
The voluntary liquidation was initiated on Septe