Announced Wed, 22 Jul · 16:47 IST
NCLT reserves order in Kamlesh Corporation IBC petition against Harish Textile Engineers
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹68.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Creditor M/s. Kamlesh Corporation filed a Section 9 IBC petition against Harish Textile Engineers over alleged unpaid operational dues. NCLT Mumbai declined further adjournment, heard the applicant, and noted the company's reply will be considered while disposing of the matter. The matter is now reserved for final orders. Company says no material impact at this stage and financial impact is not ascertainable until the outcome.
Likely market impact
Outcome pending. If admitted, insolvency proceedings could begin. Company says no material impact yet.