Consideration of Resolution Plan by NCLT Mumbai Bench Court IV
MEP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MEP Infrastructure Developers has informed stock exchanges that the NCLT Mumbai Bench (Court IV) will hear the Resolution Plan in matter IA(IBC)(PLAN)/103(MB)2025 on 14th October 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since 28th March 2024, following an NCLT admission order. A moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 is currently in effect, and Mr. Ravindra Kumar Goyal is acting as the Resolution Professional. The filing refers to the company as the 'Corporate Debtor', which under IBC rules means normal board powers are suspended. This is a prior intimation ahead of the actual hearing, and no decision has been announced yet.
For shareholders, this means the outcome of the 14th October hearing could decide whether the company is revived through a resolution plan or moves toward liquidation, which typically results in significant equity dilution or total loss for existing shareholders. Until the NCLT approves or rejects the plan, trading remains risky and the stock is already under heavy stress.