Announced Sat, 20 Jun · 18:49 IST
NCLAT pauses insolvency process for Kallam Textiles, restructuring to be considered
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹2.81
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.1+0.7-1.4-2.8-3.6-4.3-12.8-13.5——
Up moveDown movePending
AI summary
NCLAT Chennai ordered the Committee of Creditors to consider Kallam Textiles' restructuring proposal within 4 weeks. Till then, the CIRP process (started after NCLT admitted Union Bank of India's Section 7 petition on 6 April 2026) is paused. The company says it remains fully operational with about 400 direct employees. Next hearing on 12 August 2026.
Likely market impact
Partial relief: insolvency process paused for 4 weeks to evaluate restructuring. Stock may stay volatile until next hearing on 12 Aug 2026.