Dion Global Solutions Limited
Corporate Insolvency Resolution Process Background
The company was undergoing corporate insolvency resolution process effective from 18 August 2020. The Hon'ble NCLT approved the resolution plan submitted by M/s Indus IntelliRisk & IntelliSense Services Private Limited (IIRIS) vide order dated 21 July 2026.
Current Operational Status
Presently, the company's operations are being managed by a monitoring committee established pursuant to the approval of the resolution plan. IIRIS has fulfilled its obligations under the resolution plan. The handover of affairs and operations of the company is currently under process.
Board Composition Changes
Nominees of IIRIS have been appointed as directors on the board of directors of the company effective from 8 October 2026.
Board Meeting Details
The first meeting of the reconstituted board of directors is scheduled to be held on Tuesday, 3 November 2026. The agenda items include:
- To take on record the appointment of representative of IIRIS on the board of directors of the company
- To take on record cessation of earlier directors and Key Management Personnel in pursuance of approval of the resolution plan
- To allot equity share capital to IIRIS in pursuance of approval of the resolution plan
- To authorize Directors of the company, jointly or severally, to operate bank accounts of company, enter into agreements with vendors and customers, get their credential updated with various regulatory and statutory authorities, and to undertake other necessary and incidental activities for smooth functioning of operations of company