Announced Tue, 16 Jun · 19:26 IST
Cerebra files for insolvency at NCLT Bengaluru over Canara Bank default
Regulatory & Legal View source PDF
CEREBRAINT · 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
+2.0%1-day move
₹3.99
prior close
₹3.97
base price
After-mkt
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+0.0+2.5+2.5+3.3+2.0-1.0-5.3-5.5-6.0-13.0-19.8-24.6——
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AI summary
Cerebra Integrated Technologies has filed an application before the NCLT Bengaluru Bench to initiate Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016. The default is towards Canara Bank amounting to Rs. 27.68 crores. The application was filed on June 15, 2026 by the company itself as a corporate applicant, indicating it is voluntarily seeking insolvency resolution.
Likely market impact
Majorly negative — voluntary insolvency filing signals severe financial distress; equity holders likely to face heavy dilution or total loss as creditors get priority.