GVK Power & Infrastructure Limited has informed the Exchange about Corporate Insolvency Resolution Process
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GVK Power & Infrastructure Limited's Corporate Insolvency Resolution Process (CIRP) has been extended for the third time by an additional 90 days. The NCLT Hyderabad bench approved the extension on 16 July 2025, effective from 10 July 2025, under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The extension was first greenlit by the Committee of Creditors (CoC) before being formally approved by the tribunal. The original insolvency was triggered by a Section 7 petition filed by ICICI Bank Ltd. With this third extension, the total CIRP timeline crosses the 360-day statutory mark, pushing the case into the extended resolution window.
Continued delays in the resolution process are negative for shareholders, as the prolonged CIRP raises the risk of significant equity dilution or write-down once a resolution plan is finalised. The stock remains distressed and the absence of a swift revival plan is likely to keep valuations under pressure.