Hon''ble National Company Law Tribunal , Chandigarh Bench (Court-1) Chandigarh Bench Vide its order dated June 11, 2025 has initiated Liquidation process of M/s Richa Industries Limited ....
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh Bench, through its order dated June 11, 2025, has initiated the liquidation process of Richa Industries Limited. This means the company will now be wound up, with its assets being sold off to repay outstanding dues to creditors. Liquidation is the final stage under the Insolvency and Bankruptcy Code (IBC), typically reached when no viable resolution plan is received or the company fails to revive. A liquidator will be appointed to manage the sale of assets and distribution of proceeds.
This is a deeply negative outcome for shareholders, who stand last in the payment queue and usually recover little to nothing once creditors are fully paid. The stock is likely to face heavy selling pressure and potential delisting from the exchanges.