Announced Tue, 14 Jul · 13:30 IST
NCLAT confirms Simbhaoli Sugars insolvency admission, stays vacated
SIMBHALS · 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
-1.7%1-day move
₹7.02
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.7-0.6-2.8-1.7-4.6-2.4————
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AI summary
NCLAT dismissed promoter Gursimran Kaur Mann appeal and disposed farmer appeal on July 13, 2026. All interim stays on CIRP vacated. The July 2024 NCLT order admitting Simbhaoli Sugars into Corporate Insolvency Resolution Process stands confirmed. Total secured creditor debt is Rs 1,436.92 crores. The Interim Resolution Professional continues managing the company. Resolution plan or liquidation process will now proceed without hindrance.
Likely market impact
Promoter lost appeal against insolvency admission. CIRP resumes fully, raising liquidation risk for shareholders as company value may fall short of Rs 1,436 crore debt.