SKILNSESKIL Infrastructure LimitedHighNegative
Announced Fri, 17 Oct, 2025 · 13:45 IST
NCLAT ends creditors committee stay after appeal withdrawal
Price reaction
Awaiting price reaction for this filing.
AI summary
NCLAT allowed Bhavesh Gandhi to withdraw his appeal against the February 1, 2024 NCLT order admitting SKIL Infrastructure under Section 7 of the Insolvency and Bankruptcy Code. The interim stay on forming the Committee of Creditors has been vacated. NCLAT also ordered release of Rs 60 lakh deposited by the appellant.
Likely market impact
The earlier pause on forming the creditors committee has ended, allowing the insolvency process to move ahead. No debt-resolution plan has yet been approved.