2 resolution plans received under CIRP from shortlisted bidders

NCLT admitted insolvencyRegulatory & Legal View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%—

Paper & Paper Products peers, median of 38sector+3.6%—

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AI summary

Resolution Professional has received 2 resolution plans for Raama Paper Mills (Under CIRP). After NCLT Prayagraj order dated 07.01.2026 directed the CoC to reconsider plans or allow open bidding, fresh RFRP was issued to 3 shortlisted bidders: Ujala Renewables LLP, Poddar Global Pvt Ltd, and Dr. Mukesh Kumar Agarwal (H3 disqualified). Plans were submitted by 27.03.2026 and placed before the 14th CoC meeting on 01.04.2026 for evaluation.

Likely market impact

Two revival bids are in; next step is CoC evaluation and NCLT approval. Outcome will determine company revival or liquidation for shareholders.