NSECorporate Insolvency Resolution Process11 Aug 2026 · 11 Aug 2026, 05:51 pm

Corporate Insolvency Resolution Process

Simbhaoli Sugars Limited · SIMBHALS

✦ AI Summary▼ NegativeInsolvency

Simbhaoli Sugars Limited is undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024. The company has submitted a copy of the order dated August 7, 2026, passed by the Hon'ble Supreme Court against an appeal filed by Ms. Gursimran Kaur Mann (Promoter) and Farmers. The order is available on the company's website.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Simbhaoli Sugars Limited hereby submitted the copy of order dated 07th August 2026 passed by Hon'ble Supreme Court against appeal filed by Ms. Gursimran Kaur Mann (Promoter) and Farmers. Order Copy is shared for your record purpose.

Attachments (1)

📄

SIMBHALS_11082026175103_Intimation_-_SC_Order_-_Final.pdf

pdf

Download →
View document text
SIMBHAOLI SUGARS August 11, 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: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Update on Company Insolvency Resolution Process (CIRP) – Order by Hon'ble Supreme Court dated 07th August 2026. Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), and in continuation of the Company's earlier announcement dated 14th July 2026, in relation to the Hon’ble NCLAT dismissed the appeal filed by Ms. Gursimran Kaur Mann (Promoter) and disposed off the appeal filed by Surender Pal Singh Mangat (Farmer) with certain directions. Subsequent to the Judgment by The Hon’ble NCLAT dated 13th July 2026, Appeals were filed before the Hon’ble Supreme Court of India by Suspended Board of Directors, through Ms. Gursimran Kaur Mann (Promoter) and Farmers in relation to the said NCLAT Judgment. The aforesaid appeal was disposed off as dismissed by the Hon’ble Supreme Court vide its order dated 07th August 2026. A copy of the said order, as downloaded from the website of Supreme Court of India, is annexed for your immediate reference. This is for your information and record purpose. 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. Copy of Order 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 IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO(S). OF 202 6 (Arising out of Diary No(s). 42356/2026) MOMIN APPELLANT(S) VERSUS ORIENTAL BANK OF COMMERCE & ORS. RESPONDENT(S) WITH CIVIL APPEAL NO(S). 9981/2026 O R D E R APPEAL(S) @ DIARY NO(S). 42356/2026 1. Permission to file the appeal(s) is granted. 2. Heard Mr. Gaurav Agrawal, learned Senior Counsel for the appellant(s). 3. We find no good ground to interfere with the impugned judgment/order(s) dated 13.07.2026 passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi. 4. Learned Senior Counsel for the appellant(s) submits that the claim of the farmer(s) who are statutorily mandated to supply sugar to the linked sugar companies, stand on a totally different footing. 5. We grant liberty to the appellant(s) to agitate this issue in an appropriate proceedings that they may chose to initiate before the adjudicating authority. As and when the same are initiated, they will be decided in accordance with law uninfluenced by any of the observations in the impugned order(s) or in this order. 6. With the above observations, the Civil Appeal(s) is/are disposed of. 7. Pending application(s), if any, shall also stand disposed CIVIL APPEAL NO(S). 9981/2026 1. Heard Mr. Dhruv Mehta, learned Senior Counsel for the appellant(s). We find no good ground to interfere with the impugned judgment/order(s) dated 13.07.2026 passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi. 2. At this stage, Mr.Dhurv Mehta, learned Senior Counsel for the appellant(s) submits that the promoter(s) intend to submit a proposal. 3. The promoter(s) may exercise such rights as are available to them in law and as and when they exercise, the said proceedings will be decided in accordance with law. 4. With the above observations, the Civil Appeal(s) is/are disposed of. 5. Pending application(s), if any, shall also stand disposed [K.V. VISWANATHAN] [ARUN PALLI] NEW DELHI; AUGUST 07, 2026. ITEM NO.24 COURT NO.14 SECTION XVII-B S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS CIVIL APPEAL Diary No(s). 42356/2026 [Arising out of impugned judgment and order dated 13-07-2026 in CAAT(I) No. 1404/2024 passed by the National Company Law Apellate Tribunal] MOMIN Petitioner(s) VERSUS ORIENTAL BANK OF COMMERCE & ORS. Respondent(s) FOR ADMISSION, IA No. 217812/2026 - EXEMPTION FROM FILING O.T., IA No. 217813/2026 - PERMISSION TO FILE APPEAL, IA No. 217811/2026 - PERMISSION TO FILE APPLICATION FOR DIRECTION, IA No. 217810/2026 - STAY APPLICATION WITH C.A. No. 9981/2026 (XVII-B) FOR ADMISSION, IA No. 225961/2026 - STAY APPLICATION Date : 07-08-2026 These matters were called on for hearing today. CORAM : HON'BLE MR. JUSTICE K.V. VISWANATHAN HON'BLE MR. JUSTICE ARUN PALLI For Petitioner(s) Mr. Dhruv Mehta, Sr. Adv. Mr. Priyanshu Upadhyay, AOR Ms. Nishi Sangtani, Adv. Ms. Prachi Johri, Adv. Mr. Sachin Jain, Adv. Mr. Himanshu Sharma, Adv. Mr. Gaurav Agrawal, Sr. Adv. Mr. R. Ilam Paridi, AOR For Respondent(s) Mr. Shivam Shukla, Adv. Mr. Kaustubh Singh, AOR Mr. Gopal Jain, Sr. Adv. (through VC) Dr. Surender Singh Hooda, AOR Mr. Aayushman Aeron, Adv. Mr. Aditya Hooda, Adv. UPON hearing the counsel the Court made the following O R D E R 1. The Civil Appeals are disposed of in terms of the signed order, which is placed on the file. 2. Pending application(s), if any, shall also stand disposed (NIRMALA NEGI) (MANOJ KUMAR) ASTT. REGISTRAR-cum-PS COURT MASTER (NSH)