Dismissal of CIRP Proceedings
Awaiting price reaction for this filing.
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has set aside/dismissed the Corporate Insolvency Resolution Process (CIRP) against Techindia Nirman Limited via its order dated 15 December 2025 in Company Appeal (AT) (Insolvency) No. 970 of 2025. The CIRP had been admitted by NCLT Mumbai on 2 January 2025 based on a Section 7 petition filed by related party Agri-Tech (India) Limited claiming a default of around ₹86 crore. As a result of the order, the CIRP stands terminated with immediate effect, the Section 14 moratorium is vacated, control of the company is restored to the Board of Directors and promoters, and the Resolution Professional has ceased to act. The underlying appeal was filed by shareholder Balkishan Shrikisan Baldawa alleging fraudulent initiation of CIRP through collusion between the related parties Agri-Tech and Techindia.
This is a significant relief for Techindia Nirman Limited — the insolvency process and moratorium over the company have been lifted, and management has been restored to the Board. For public shareholders, this removes the immediate threat of being diluted from 82.44% to about 5% as feared under the earlier approved resolution plan, and the stock is likely to react positively on resumption of normal trading.