MBECLNSEMcnally Bharat Engineering Company Limited· EngineeringHighNeutral
Announced Fri, 17 Oct, 2025 · 17:55 IST
NCLT allows resolution plan payment extension, imposes Rs 1 crore cost
Price reaction
Awaiting price reaction for this filing.
AI summary
The NCLT allowed BTL EPC, the company chosen under the earlier resolution plan, until 30 September 2025 to pay the remaining plan amount. The balance was stated at Rs 66.19 crore plus Rs 7.64 crore interest. BTL EPC must pay Rs 1 crore in costs for delaying implementation. The court dropped a contempt case because lenders were satisfied, but lenders may seek to reopen the insolvency process if payment defaults.
Likely market impact
Extension avoids an immediate restart, but the penalty and risk of insolvency proceedings if BTL EPC defaults keep the stock uncertain.