In continuaiton of earlier communicaiton, Educomp Solutions Limited has submitted the copy of the NCLT order replacing the earlier Caretaker Resolution Professional.
Awaiting price reaction for this filing.
The NCLT New Delhi Bench has approved the replacement of Resolution Professional (RP) Mr. Mahendra Khandelwal with Mr. Kamal Kumar Jadwani for Educomp Solutions Limited. This replacement follows the Committee of Creditors (COC) meeting dated 02.04.2026, where State Bank of India proposed the new RP. The court noted that the previous Successful Resolution Applicant (SRA) had failed to implement the approved Resolution Plan, necessitating a fresh Corporate Insolvency Resolution Process (CIRP). The NCLT has provided a 100-day window to conclude the new CIRP, which will involve publishing fresh Form-G, updating the Information Memorandum, and conducting fresh valuations. Mr. Jadwani is associated with Awarensic Advisory LLP and has been appointed to oversee the restructuring process.
This filing indicates Educomp Solutions remains in insolvency proceedings with an ongoing resolution process. The replacement of the RP and fresh CIRP timeline suggests continued uncertainty for shareholders, as the company is not yet freed from insolvency proceedings despite a previously approved resolution plan failing.