Date: July 11, 2026
Legal & Regulatory Disclosures
NCLAT Proceedings Outcome
- Company Appeal (AT) (Insolvency) No. 850 of 2026 was heard by the Hon'ble National Company Law Appellate Tribunal, Principal Bench, New Delhi on July 9, 2026 and July 10, 2026
- On July 9, 2026, NCLAT directed the Interim Resolution Professional (IRP) to file an affidavit confirming that no claims were received after the public notice issued during the CIRP
- On July 10, 2026, the IRP filed an affidavit confirming that no claims were received
- Relevant parties discussed and arrived at a conditional understanding for resolving their disputes
- Hon'ble NCLAT allowed the appeal and set aside the admission order dated May 6, 2026 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench
- Corporate Insolvency Resolution Process against the Company stands closed
- Interim Resolution Professional stands discharged
- Moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 stands lifted
- Powers of the Board of Directors of the Company stand fully restored
- NCLAT directed release of lien over the fixed deposit created in favour of the Registrar, NCLAT
- Payments to be made in terms of the agreement between the parties
- Company continues to operate in the ordinary course
Disclosure Context
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Continuation of previous disclosures dated May 7, 2026, May 8, 2026, May 11, 2026, May 12, 2026, May 20, 2026, and May 27, 2026
- Written order from NCLAT is awaited and will be disclosed when available
Signatory Details
- Parina Shah, Company Secretary and Compliance Officer
- Digitally signed on July 11, 2026 at 17:10:36 +05:30
No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Disinvestment / Strategic Actions, Media Release / Investor Communication