Intimation of date of next hearing
Awaiting price reaction for this filing.
Prabhat Technologies (India) Ltd is currently undergoing a Corporate Insolvency Resolution Process (CIRP). The company informed BSE that a hearing was held at the National Company Law Appellate Tribunal (NCLAT) on April 24, 2025 for approval of the resolution plan. The NCLAT heard arguments from counsels of all parties and reserved its judgment. Counsels have been directed to file notes of submissions (max two pages) within three days. The matter involves Company Appeal (AT) (Insolvency) No. 183 of 2024 and a connected appeal No. 446 of 2024.
The stock remains under insolvency resolution, and shareholders face uncertainty until the NCLAT delivers its verdict on the resolution plan approval. The outcome could either revive the company with a successful resolution or lead to liquidation, both of which will materially affect shareholder value.