Hon''ble National Company Law Tribunal, Chandigarh Bench (Court-I) , Chandigarh vide its order dated June 11, 2025 has initiated the Liquidation process of M/s Richa Industries Limited ....
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh Bench has initiated the liquidation process of Richa Industries Limited through its order dated June 11, 2025. This means the company has failed to find a resolution plan and will now be wound up under the Insolvency and Bankruptcy Code (IBC). A liquidator will take control of the company's assets to settle outstanding dues of creditors in order of legal priority. Equity shareholders stand last in the recovery queue and typically recover little to nothing in liquidation scenarios. This effectively brings the company's operations and stock listing journey to a close.
Highly negative for shareholders — liquidation usually results in equity value being wiped out and the stock being delisted from exchanges. The share price is likely to see a steep fall and trading may eventually be suspended.