As per the Provision of section 15 of Insolvency & Bankruptcy Code, 2016 read with Regulation 6 of IBBI(CIRP) Regulations 2016, the IRP has made a public announcement inviting claims from ....
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh has ordered the commencement of a Corporate Insolvency Resolution Process (CIRP) against Telephone Cables Limited under the Insolvency and Bankruptcy Code, 2016. The insolvency commencement date is 19 February 2026, with an estimated resolution process closure date of 18 August 2026 (180 days). Ducturus Resolution Professionals Pvt Ltd (through Director Ms. Sunita) has been appointed as the Interim Resolution Professional (IRP). All creditors — financial, operational, and other — have been asked to submit their claims with proof on or before 5 March 2026. Financial creditors must file claims electronically, while other creditors can submit in person, by post, or electronically.
This is a highly negative development for equity shareholders. Once a company enters CIRP, equity typically gets heavily diluted or wiped out, as secured and unsecured creditors are paid first from any resolution or liquidation proceeds. The stock is also likely to be moved to the 'T' group on the exchanges and may face delisting risk if no viable resolution plan is approved within the 180-day window.