Announced Wed, 5 Aug · 17:22 IST
NCLT admits insolvency case against Shrenik, CIRP begins
SHRENIK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹0.34
prior close
₹0.34
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0—+0.0+2.9-2.9-2.9-2.9-2.9-2.9-5.9————
Up moveDown movePending
AI summary
NCLT Ahmedabad admitted a petition by Yatayat Corporation India and ordered Corporate Insolvency Resolution Process against Shrenik Limited over an unpaid debt of about Rs. 5.93 crore (principal Rs. 3.23 crore plus interest Rs. 2.70 crore). An Interim Resolution Professional has been appointed, a moratorium under Section 14 is in effect, and creditors must submit claims by 19 August 2026. The resolution process is targeted to close by 26 January 2027.
Likely market impact
Existing board powers are suspended. Equity holders face high risk of dilution or total loss. Stock likely to see sharp negative movement.