Announced Wed, 28 Oct, 2026 · 16:58 IST
NCLT starts insolvency process for Gujarat Toolroom
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The National Company Law Tribunal ordered Gujarat Toolroom's insolvency resolution process to begin on 30 September 2026. A public notice was published on 3 October. Creditors must submit claims with proof by 17 October 2026, and the process is expected to close by 29 March 2027. Iqbal Singh Gandhi is the interim resolution professional.
Likely market impact
Creditor claims are now being collected, raising uncertainty. Existing equity may be diluted or heavily impaired if the company is resolved.