Announced Wed, 15 Jul · 15:59 IST
NCLAT dismisses promoter appeal, lifts stay; CIRP at Simbhaoli continues
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
-1.2%1-day move
₹6.90
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.2+0.0-2.9+1.3-0.7-0.7————
Up moveDown movePending
AI summary
Corrigendum fixes a typo (year 2026 corrected to 2024). Key update: NCLAT on 13 July 2026 dismissed the appeal by promoter Gursimran Kaur Mann against CIRP admission and disposed of farmer Surender Pal Singh Mangat's appeal with directions. All interim stays vacated. Simbhaoli remains under CIRP since 11 July 2024, with total secured debt of about Rs 1,437 crore and no approved One Time Settlement currently in place.
Likely market impact
CIRP continues with no resolution yet; stock may stay volatile as insolvency process moves toward resolution plan or liquidation.