DHARAN INFRA-EPC LIMITED has informed the Exchange about receiving stay order dated Jan 6,2025 in Corporate Insolvency Resolution Process
DHARAN · price
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Awaiting price reaction for this filing.
Dharan Infra-EPC Limited, currently under Corporate Insolvency Resolution Process (CIRP), has secured a positive development. The company entered into a one-time settlement with its main financial creditor, Tata Capital Housing Finance Limited, and cleared all outstanding dues on 31 December 2025. Following this, the National Company Law Appellate Tribunal (NCLAT) issued an order on 6 January 2026 directing that no further actions be taken in the CIRP. The Interim Resolution Professional (IRP) has been asked to file an application under Section 12A of the Insolvency and Bankruptcy Code to withdraw the original insolvency application. The company was previously known as KBC Global Limited and Karda Construction Limited.
This is a significant positive development for shareholders as the company has effectively settled with its main creditor and obtained a stay on insolvency proceedings, raising the possibility of exiting CIRP and resuming normal business operations. The stock may see positive sentiment, though final withdrawal of the insolvency case by NCLT is still pending.