Vikram Solar Limited

Vikram Solar Limited

Vikram Solar Limited has announced the initiation of its Corporate Insolvency Resolution Process (CIRP). This follows an NCLT Kolkata Bench order dated June 12, 2026, admitting a Section 9 petition against the company. A suspended director has appealed this NCLT order before the NCLAT, with a hearing scheduled for June 24, 2026. Concurrently, a public announcement in Form A for inviting claims in the CIRP has been issued by the Interim Resolution Professional, Ms. Tripti Agarwal, and published in newspapers.

Vikram Solar Limited

Vikram Solar Limited has announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. This order, dated June 12, 2026, officially initiates the Corporate Insolvency Resolution Process (CIRP) against the company. The company submitted a copy of this NCLT order to the exchanges for stakeholder information. For investors, this signifies a critical development indicating severe financial distress, with potential implications for the company's operations, restructuring, or ultimate viability.

Vikram Solar Limited

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.