Sical Logistics Limited has informed the exchange regarding settlement of the outstanding dues of erstwhile financial creditors.
SICALLOG · price
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Sical Logistics has fully settled the outstanding dues of its erstwhile financial creditors in line with the resolution plan approved by the NCLT Chennai bench on December 8, 2022. The resolution plan was originally submitted by Pristine Malwa Logistics Park Private Limited, which took over the company. The final tranche of the resolution amount was deposited with the NCLT on July 3, 2025, completing the settlement. This marks the formal end of the company's obligations under the approved insolvency resolution process.
This is a positive step for shareholders as it closes the insolvency chapter and confirms full compliance with the NCLT-approved plan, potentially improving the company's standing with lenders and clearing the path for smoother operations under the new management.