Tag
Insolvency
45 articles
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 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 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 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 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 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
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
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
Saks Global Secures $500M Exit Financing
Saks Global Enterprises LLC secured $500 million exit financing from senior secured bondholders under a Restructuring Support Agreement.
CEO Geoffroy van Raemdonck said the company expects to emerge f
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
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
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
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
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
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
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
Bajaj Hindusthan Sugar Allots CCPS Worth ₹2712 Crore
Bajaj Hindusthan Sugar's Committee of Directors allotted 27,11,98,82,478 Series A 0.01% CCPS at Re.1 each, aggregating Rs.2711.99 Crores.
The CCPS were issued on a preferential basis to 10 lenders via
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 on March 25, 2026 with six consortium lenders covering total debt of ₹1,516.71 crore.
The restructuring covers fund-based exposure
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
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
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
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
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
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
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
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
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
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
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
NCLAT Lists City Co-op Bank Liquidation Appeal
The National Company Law Appellate Tribunal listed an insolvency appeal for hearing on April 2, 2026.
The appeal involves the liquidator of City Co-operative Bank Ltd. versus the liquidator of Kandivl
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
NCLAT Dismisses Appeal on Preferential Transaction in WSH Pvt. Ltd.
The NCLAT dismissed an appeal against an NCLT order that declared a transaction preferential and directed payment of Rs. 2 crore.
The tribunal found that offsetting payables and receivables between re
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 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
Supreme Court Bars CTUIL from Appropriating Security Deposit
The Supreme Court upheld NCLT and NCLAT rulings that CTUIL's appropriation of a Rs 108.44 crore security deposit towards pre-CIRP dues violated the IBC moratorium.
The Court held the deposit could onl
NCLAT Lists JFC Finance Insolvency Appeal
The National Company Law Appellate Tribunal listed Company Appeal No. 1820 of 2025 for hearing on April 14, 2026.
The appeal involves JFC Finance (India) Ltd. versus Arvind Garg and others in an insol
NCLT Adjourns Personal Guarantor Insolvency Hearing to May 2026
The National Company Law Tribunal (NCLT) adjourned a personal insolvency hearing to May 22, 2026, at the request of the Committee of Creditors.
The case involves Indian Bank's petition against a perso
Five Core Electronics Insolvency Appeal Listed for Hearing
The National Company Law Appellate Tribunal has scheduled a hearing for an insolvency appeal involving Five Core Electronics Ltd. and the Income Tax Department.
The appeal, filed by the Resolution Pro