NCLT weighs CIRP withdrawal plea amid about Rs 600 crore claims

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

DHARAN · price

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AI summary

Dharan Infra-EPC was admitted to insolvency in December 2025 over a Rs 28 crore default to Tata Capital Housing Finance. After Tata Capital settled for Rs 10 crore, the IRP sought to withdraw CIRP under Section 12A. Six creditors, including LIC Housing Finance and Canara Bank, opposed, citing about Rs 600 crore in total claims. NCLT signalled withdrawal may not be permitted when wider creditor interests remain unsettled, applying the BYJU ruling.

Likely market impact

CIRP likely to continue rather than be withdrawn. Equity faces dilution or wipeout risk with about Rs 600 crore in claims still unresolved.