Intimation of Next Date of Hearing
Awaiting price reaction for this filing.
Prabhat Technologies (India) Ltd is currently undergoing a Corporate Insolvency Resolution Process (CIRP). A hearing was held before the NCLT Mumbai Bench on July 23, 2025 in the matter IA 68/2021 in C.P. (IB)/1874(MB) 2019. The counsel for State Bank of India (a financial creditor) requested additional time to place an additional affidavit on record. The tribunal granted the request and adjourned the matter to the next hearing date of August 5, 2025. The company will intimate the status after the next hearing. This is a procedural update with no new substantive order passed in this filing.
This is a routine adjournment with no fresh ruling, so there is no immediate effect on shareholders or the stock price. Investors should continue to monitor for any meaningful outcome from the August 5, 2025 hearing, as the company remains under insolvency proceedings.