Intimation of order in Company Petition CP (IB) No. 1874 of 2019
Awaiting price reaction for this filing.
Prabhat Technologies (India) Ltd has informed BSE that the NCLT Mumbai Bench has passed an order dated 5 March 2026 closing Company Petition CP (IB) No. 1874 of 2019. The tribunal confirmed that the approved Resolution Plan for the Corporate Debtor (Prabhat Telecom India Ltd) has been successfully implemented by the Successful Resolution Applicant, as per the Implementation Report dated 5 January 2026. The court noted there are no pending applications arising from the petition. Consequently, the Interlocutory Application was disposed of and the main Company Petition was ordered to stand closed, with no order as to costs.
This brings finality to a long-pending IBC matter, removing residual legal uncertainty. For shareholders, it is a positive signal that the resolution process has been fully executed and the case formally closed, though the direct financial benefit to Prabhat Technologies shareholders depends on their role in the resolution.