Based on the IA filed by the SBI on behalf of financial creditors, NCLT, New Delhi has order issuance of fresh form G to revive the company. The detailed intimation in this regard was ....
Awaiting price reaction for this filing.
The NCLT New Delhi Bench has passed an order on 13 March 2026 directing a fresh resolution process for Educomp Solutions. The order came after a consortium of lenders led by SBI, holding 63% voting share, requested the matter be sent back to the Resolution Professional and Committee of Creditors to invite fresh expressions of interest. The move was triggered because the previously approved Successful Resolution Applicant (SRA) failed to implement the approved resolution plan. NCLT has given 100 days from the order date to complete the new process. The Tribunal has also referred the SRA's conduct to IBBI under Section 236(2) of the IBC, noting potential violations of Section 74(3) related to wilful non-implementation of a resolution plan.
Existing shareholders face continued uncertainty as the company remains in insolvency proceedings with a new resolution process underway. The SRA responsible for the failed implementation may face penalties under IBC, but the stock remains in a distressed situation with no guarantee of revival or value recovery for equity holders.