GOENKANSEGoenka Diamond and Jewels Limited· Gems Jewellery And WatchesCriticalNegative
Announced Thu, 11 Dec, 2025 · 17:20 IST
NCLAT stays liquidation order, firm to continue as going concern
Price reaction
Awaiting price reaction for this filing.
AI summary
NCLAT on Dec 9, 2025 stayed the NCLT liquidation order dated Dec 2, 2025 for Goenka Diamond and Jewels. Appeals were filed by Alchemist ARC (CoC with 67% vote) and resolution applicant Navneet Goenka after NCLT rejected the plan approved with 86.56% CoC majority and ordered liquidation. NCLAT stayed the liquidator appointment and directed the Resolution Professional to keep the company as a going concern. Next hearing on Jan 8, 2026.
Likely market impact
Positive for shareholders. Liquidation is paused, giving the resolution plan a second chance. Outcome on Jan 8, 2026 hearing is critical.