Corporate Insolvency Resolution Process

Vikram Solar Limited has announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition against the company. The NCLT's order, pronounced on June 12, 2026, initiates the Corporate Insolvency Resolution Process (CIRP) against Vikram Solar. This action follows a petition filed by Isitva Steels Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The admission into CIRP signifies severe financial distress for Vikram Solar Limited, likely leading to significant negative implications for its shareholders, including potential delisting or substantial loss of investment.