Announced Wed, 30 Sept, 2026 · 22:47 IST
NCLT approves withdrawal of insolvency process after settlement
OWAIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹68.45
prior close
₹69.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-3.9-1.4+0.1-2.8-2.5-2.1-11.0————
Up moveDown movePending
AI summary
NCLT Indore Bench has approved withdrawal of the Corporate Insolvency Resolution Process against Owais Metal and Mineral Processing Limited. The insolvency process, admitted on 13 Aug 2026, was withdrawn after the company settled with Hinduja Leyland Finance, its majority creditor with 94.05% voting share, via a One Time Settlement on 25 Aug 2026. The Committee of Creditors approved the withdrawal with 96.52% vote. The company is released from CIRP and its Board will resume control.
Likely market impact
Positive for shareholders — insolvency threat lifted after creditor settlement, allowing normal business operations to resume.