ZICOMNSEZicom Electronic Security Systems Limited· Electronics - IndustrialHighNeutral
Announced Wed, 4 Nov, 2026 · 18:12 IST
NCLAT pauses further action in Zicom insolvency appeal
Price reaction
Awaiting price reaction for this filing.
AI summary
The NCLAT said further steps under a disputed order on creditor payouts will depend on the final appeal outcome. IDBI Bank must add every member of the Committee of Creditors as a respondent, with filings and service due within three working days. The appeal is listed for 18 November 2026. The dispute concerns Rs 16 crore allocated to financial creditors.
Likely market impact
Further action is paused, delaying changes to creditor payouts while leaving the insolvency outcome and shareholder risk unresolved.