Cerebra files for insolvency at NCLT Bengaluru over Canara Bank default
CEREBRAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Majorly negative — voluntary insolvency filing signals severe financial distress; equity holders likely to face heavy dilution or total loss as creditors get priority.