Morgan Securities filed a Section 7 IBC petition against BPL Limited for a financial debt default of ₹1,323.70 crore.
The debt arises from bill discounting facilities, with the petition seeking initiation of Corporate Insolvency Resolution Process (CIRP).
The NCLT Kochi Bench directed the petitioner to serve notice immediately and adjourned the case to 17 April 2026 for further hearing.