KSERASERANSEKSS Limited· Media & EntertainmentHighPositive
Announced Thu, 2 Jul · 13:00 IST
NCLAT approves KSS Limited resolution plan under CIRP
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLAT New Delhi approved KSS Limited's Resolution Plan on June 30, 2026, filed by Micro Capitals Private Limited (77.97 percent CoC voting share), overturning NCLT Mumbai's March 24, 2025 rejection. The plan provides about Rs 3.01 crores against claims of over Rs 106 crores, including Rs 10 crores working capital infusion and Rs 3 crores through a Special Purpose Vehicle. NCLT to issue consequential orders within one month.
Likely market impact
Resolution plan approved. Micro Capitals to take over management. Existing shareholders face significant dilution and recovery risk.