Announced Tue, 21 Jul · 17:20 IST
Simbhaoli Sugars forms Committee of Creditors under IBC process
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
+2.2%1-day move
₹6.70
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.2+3.0+2.2———————
Up moveDown movePending
AI summary
Simbhaoli Sugars has been under Corporate Insolvency Resolution Process since July 2024. After NCLAT vacated the stay on July 13, 2026, the Interim Resolution Professional has now constituted the Committee of Creditors on July 17, 2026 under Section 21(1) of the Insolvency and Bankruptcy Code. Board of Directors powers remain suspended. Claims have been provisionally admitted based on management data.
Likely market impact
Equity holders face high dilution or total wipeout risk as IBC resolution advances. Shareholders rank last in the creditor payout waterfall.