NSECorporate Insolvency Resolution Process15 Jul 2026 · 15 Jul 2026, 05:00 pm
Corporate Insolvency Resolution Process
Simbhaoli Sugars Limited · SIMBHALS
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Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016. The Hon'ble National Company Law Appellate Tribunal (NCLAT) has pronounced its judgment on 13th July 2026, dismissing the appeal filed by Ms. Gursimran Kaur Mann and disposing of the appeal filed by Mr. Surender Pal Singh Mangat with certain directions. The interim orders stand vacated, and all pending interlocutory applications stand closed.
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Full Announcement
With Reference to the announcement made by the company on 14th July 2026 under the category Corporate Insolvency Resolution Process Company is hereby submitting Corrigendum along with Revised Announcement.
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SIMBHAOLI
SUGARS
15 July, 2026
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, Bombay Stock Exchange Limited,
Bandra – Kurla Complex, Phiroze Jeejeebhoy Towers,
Symbol – SIMBHALS Scrip Code – 539742
Mumbai – 400051 Dalal Street, Fort Mumbai – 400001
Subject: Corrigendum on Announcement made on 14th July 2026
14th July 2026
Corporate Insolvency Resolution Process (CIRP) – Updates – Corporate Insolvency Resolution
With reference to the announcement made by the Company on under the category
Process (CIRP)
Ms. Gursimran Kaur Mann (One of the Promoters) Mr. Surender Pal Singh Mangat
regarding submission of the copy of the Hon'ble NCLAT judgment pronounced in the
(Farmer)
appeal �iled by and
, the Company wishes to clarify the following:
Due to an inadvertent typographical error, the year mentioned in the announcement was
incorrectly stated as 25 July 2026.
The Corrected details are as follows:
Link of Announcement requiring Incorrect Year Correct Year to be read
Corrigendum (as per previous as mentioned as
Announcement) below
25th July 2024
https://www.bseindia.com/xml- 25 July 2026
data/corp�iling/AttachLive/19042fd9-
71f3-4b69-9f57-585c6af9b83c.pdf
The Company con�irms that the Original Announcement was submitted within the prescribed
timeline of 24 hours from the occurrence of the event, in compliance with the SEBI (Listing
4. TOhbleigreat iiso nnso a cnhda Dnigsec lions uthree Rcoeqnuteirnetms eonf ttsh)e R aengunloautinocnesm, 2e0n1t5 d. ated 14th July 2026, except for
the correction mentioned in Point No. 2 above.
Copy of Revised Announcement enclosed herewith.
FKoinr dSyi mTabkhe aaobloiv Se uogna rresc Lorimd ited
(Under Corporate Insolvency Resolution Process)
(Jagriti Sharma)
Company Secretary and Compliance Officer
M. No.: F11456
Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and
Bankruptcy Code, 2016 w.e.f. 11th July, 2024, Since, the powers of Board of Directors stands suspended pursuant to the initiation of CIR Process,
vide order dated 11th July, 2024, the adjudicating authority appointed Mr. Anurag Goel (IBBI/IPA-001/IP-P-00876/2017-18/11460), Interim
Resolution Professional (IRP) who is managing assets, management and carrying the functions mentioned under the Insolvency Bankruptcy Code.
Currently, The Hon’ble NCLAT, vide its judgement dated 13th July 2026 vacated Stay. Copy of Order/Judgement available at
www.simbhaolisugars.com.
Simbhaoli Sugars Limited
(An FSSC 22000: version 6.1, ISO 900 ISO 9001: 2015 & 14001: 2015 Certified Company)
Registered Office: Simbhaoli, Distt. Hapur, Uttar Pradesh, 245207 I Tel: 0120-4132077
GSTIN: 09AAPCS7569A2ZU I PAN: AAPCS7569A I CIN: L15122UP2011PLC044210
E-mail: info@simbhaolisugars.com www.simbhaolisugars.com
Specialty Sugars Potable Alcohol Ethanol Power
SIMBHAOLI
SUGARS
15th July, 2026
To, To,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, Bombay Stock Exchange Limited,
Bandra – Kurla Complex, Phiroze Jeejeebhoy Towers,
Mumbai – 400051 Dalal Street, Fort Mumbai – 400001
Symbol – SIMBHALS Scrip Code – 539742
Subject: Intimation on the Judgment of the Hon’ble NCLAT in respect of the Corporate
Insolvency Resolution Process of Simbhaoli Sugars Limited
Ref: Update on Company’s Announcement dated 25th July 2024 regarding the Stay on the
Corporate Insolvency Resolution Process (“CIRP”) of Simbhaoli Sugars Limited.
Link of the Announcement made on 25th July, 2024: https://www.bseindia.com/xml-
data/corpfiling/AttachHis/3b61b241-fc98-45e6-8095-e70f58501db2.pdf
Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, and in continuation of the Company’s earlier announcement dated 25th
July 2024,
This is to inform you that the Hon’ble National Company Law Appellate Tribunal (“NCLAT”), New Delhi,
has pronounced its judgment on 13th July 2026 in the appeals relating to the Corporate Insolvency Resolution
Process (“CIRP”) of Simbhaoli Sugars Limited.
The Hon’ble NCLAT has dismissed the appeal filed by Ms. Gursimran Kaur Mann, one of the promoters
of the Company, and disposed of the appeal filed by Mr. Surender Pal Singh Mangat (Farmer) with
certain directions. Consequently, all interim orders stand vacated. All pending interlocutory
applications, if any, stand closed. There is no order as to costs.
A copy of the judgment of the Hon’ble NCLAT is enclosed herewith for the information of the shareholders
and other stakeholders.
Kindly take the above information on record.
For Simbhaoli Sugars Limited
(Under Corporate Insolvency Resolution Process)
(Jagriti Sharma)
Company Secretary and Compliance Officer
M. No.: F11456
Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and
Bankruptcy Code, 2016 w.e.f. 11th July, 2024, Since, the powers of Board of Directors stands suspended pursuant to the initiation of CIR Process,
vide order dated 11th July, 2024, the adjudicating authority appointed Mr. Anurag Goel (IBBI/IPA-001/IP-P-00876/2017-18/11460), Interim
Resolution Professional (IRP) who is managing assets, management and carrying the functions mentioned under the Insolvency Bankruptcy Code.
Currently, The Hon’ble NCLAT, vide its judgement dated 13th July 2026 vacated Stay. Copy of Order/Judgement available at
www.simbhaolisugars.com.
Simbhaoli Sugars Limited
(An FSSC 22000: version 6.1, ISO 900 ISO 9001: 2015 & 14001: 2015 Certified Company)
Registered Office: Simbhaoli, Distt. Hapur, Uttar Pradesh, 245207 I Tel: 0120-4132077
GSTIN: 09AAPCS7569A2ZU I PAN: AAPCS7569A I CIN: L15122UP2011PLC044210
E-mail: info@simbhaolisugars.com www.simbhaolisugars.com
Specialty Sugars Potable Alcohol Ethanol Power
NATIONAL COMPANY LAW APPELLATE TRIBUNAL
PRINCIPAL BENCH, NEW DELHI
Company Appeal (AT) (Insolvency) No. 1404 of 2024
& I.A. No. 4906, 6157, 7773 of 2025
[Arising out of order dated 11.07.2024 passed by the National Company Law
Tribunal, Allahabad Bench, Prayagraj in CP (IB) No. 331/ALD/2018]
In the matter of:
Surender Pal Singh Mangat.
S/o Sh. Channan Mangat, aged about
54years, r/o Village Makhanpur, Khampur
Makhanpur, Hapur Jharina, Uttar Pradesh
245205.
……….Appellant
Versus
1. Oriental Bank of Commerce
(Now Punjab National Bank)
Through Authorised Representative Having
its Head Office At: Plot No.4, Sector 10,
Dwarka, New Delhi-110075. Having its
Branch At: Hapur, Garh Road, District
Hapur-UP.
2. Mr. Anurag Goel as Interim Resolution
Professional.
IBBI/IPA-001/IP-P00876/2017-
2018/11460, R/o 10/349, 1st Floor,
Sundar Vihar, Paschim Vihar, New Delhi,
110087.
3. District Magistrate, Hapur
Ms. Prerna Sharma, DM Office Hapur,
HPDA Scheme, Anand Vihar, Hapur,
Uttar Pradesh 245101.
4. District Magistrate, Bahraich
Ms. Monika Rani, Collectorate Office, SH
13, Kapoorthala, Brahmnipura Bahraich,
Uttar Pradesh 271801.
5. Commissioner of Cane and Sugar,
Uttar Pradesh
Mr. Prabhu N. Singh,
Cane Commissioner Office, Lucknow
Uttar Pradesh 226001.
………Respondents
Present
For Appellant : Mr. Akash Jain, Ms. Abhipsa Sahu, Advocates.
Ms. Kritika Goyal, Mr. Lakshya Sachdeva, Advocates for
applicant in IA 6653/25.
For Respondents : Mr. Gopal Jain, Sr. Advocate, Mr. Divyam Agarwal, Mr.
Mayank Ratnaparkhe, Ms. Priya Chauhan, Advocates
for SBI.
Mr. Shivam Shukla, Advocate for R- 3, 4, 5.
Mr. Anant Merathia, Mr. A. Goel, Advocates for IRP.
Ms. Ekta Choudhary, Ms. Rushali Sikand for
CFM ARC (Intervener).
WITH
Company Appeal (AT) (Insolvency) No. 1405 of 2024
& I.A. No. 6158, 7762, 7772 of 2025
[Arising out of order dated 11.07.2024 passed by the National Company Law
Tribunal, Allahabad Bench, Prayagraj in CP (IB) No. 331/ALD/2018]
In the matter of:
Gursimran Kaur Mann
D/o Gurmit Singh Mann
Having office at:
A 112, Sector 63, Noida 201307
……….Appellant
Versus
1. Oriental Bank of Commerce
(Now Punjab Natio
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