Intimation Date of Hearing
Awaiting price reaction for this filing.
Prabhat Technologies is currently undergoing Corporate Insolvency Resolution Process (CIRP). A hearing was held at the NCLT Mumbai Bench on August 5, 2025, in the matter of C.P. (IB)/1874(MB) 2019, filed by Paramount Consultant & Corporate Advisors Pvt Ltd against Prabhat Telecom India Ltd. The Resolution Professional and SBI (a respondent lender) were represented. Lenders have agreed to give the Resolution Applicant a 6-month window to implement the Resolution Plan from the date of NCLT approval, and the timeline for payment of resolution money has been preponed (brought forward). The application (IA 68 of 2021) is now reserved for orders, meaning the NCLT will soon issue its ruling on approval of the resolution plan.
Shareholders remain in limbo as the company is still under insolvency proceedings. The next NCLT order on IA 68 of 2021 will be a key trigger — approval of the resolution plan could revive the stock, while rejection or further delays would likely keep it depressed. Resolution money timelines being preponed is a mildly positive signal for creditors but does not yet benefit equity shareholders.