DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Public Announcement Form A under Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for the attention of the Creditors of India Power Corporation Limited ( Company )
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India Power Corporation Limited (formerly DPSC Limited) has announced that its Corporate Insolvency Resolution Process (CIRP) has been admitted by the Hon'ble NCLT, Hyderabad Bench-I. The tribunal passed the order on May 15, 2026, admitting an application under Section 7 of the Insolvency and Bankruptcy Code. An Interim Resolution Professional (IRP) has been appointed to oversee the process. The company is now calling upon all creditors to submit their claims with proof by May 29, 2026 to the IRP. Financial creditors must submit claims electronically only.
This admission marks the formal commencement of insolvency proceedings, signaling significant financial distress. Shareholders face potential dilution or loss as the resolution process may lead to restructuring or liquidation. The stock is likely to remain suspended or face severe negative sentiment upon resumption.