NCLT approves resolution plan, new board appointed at Baron Infotech

Nclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

NCLT Hyderabad approved resolution plan by Innopark India Pvt Ltd under IBC Section 31 on Sep 8, 2026. PurpleTalk India merged into Baron Infotech. Monitoring Committee on Sep 22 approved new 5-member board with Sridhar Muppidi as Chairman and MD, payments to operational and financial creditors, and shift of registered office to Transferor Company.

Likely market impact

Resolution plan approval means company exits insolvency under new management. Existing shareholders may see equity dilution depending on plan terms.