NCLAT order on insolvency CIRP withdrawal plea for Dharan Infra-EPC

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

DHARAN · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+1.7% vs market

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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AI summary

NCLT admitted Dharan Infra-EPC into insolvency in Dec 2025 over a Rs 28 crore default to Tata Capital Housing Finance. Tata Capital settled for Rs 10 crore and IRP filed a withdrawal plea. Six other lenders including LIC Housing, Canara Bank, Capri Global and Metro group oppose, claiming about Rs 600 crore. NCLAT/NCLT is hearing the withdrawal application.

Likely market impact

Insolvency resolution likely to continue, not withdrawn. Shares remain suspended and outcomes affect all creditors and equity holders.