Dharan Infra-EPC Limited has informed the exchange about Corporate Insolvency Resolution Process
DHARAN · price
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Dharan Infra-EPC Limited has informed BSE that the National Company Law Tribunal (NCLT) has admitted an insolvency petition against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016, with the order dated December 12, 2025. An Interim Resolution Professional (IRP), Palak Desai, has been appointed to manage the company's affairs. The CIRP commenced on December 12, 2025, and a public announcement was made on December 15, 2025. The last date for creditors to submit their claims is December 26, 2025. The powers of the board of directors have been suspended, and the management of the company now vests with the IRP. Three suspended board members (Arun Babulal Agrawal, Avinash Balkrishna Joshi, and Manish Sadanand Dawda) have been identified.
This is a highly negative development for shareholders — the stock will likely face significant selling pressure and possible trading restrictions. Equity holders typically receive little to no recovery in CIRP, as lenders and operational creditors are prioritized. The company's management has been replaced by the IRP, and normal business operations will be suspended pending resolution.