Gayatri Projects Limited has informed the Exchange about Corporate Insolvency Resolution Process
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects Limited has informed the stock exchanges that a Corporate Insolvency Resolution Process (CIRP) has been initiated against the company, which means the NCLT (National Company Law Tribunal) has admitted an insolvency petition, likely filed by a lender or creditor unable to recover dues. Under CIRP, an insolvency resolution professional (IRP) takes control of the company's operations, and a 180-day window begins to find a buyer or revival plan, extendable by 90 more days. If no resolution is approved within this period, the company faces liquidation, meaning shareholders are likely to lose most or all of their investment. This is a serious negative development indicating the company is unable to pay its debts and is now under formal insolvency proceedings.
Highly negative for shareholders — the stock typically falls sharply on such news, equity value is at high risk of being wiped out in liquidation, and existing shares may become nearly worthless if no revival plan succeeds.