SKIL Infrastructure Limited has informed the Exchange about National Company Law Appellate Tribunal Order under Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
SKIL Infrastructure, which has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, informed exchanges of an NCLAT order dated October 15, 2025. An appellant had challenged the NCLT's admission of a Section 7 insolvency application and had obtained an interim stay on the formation of the Committee of Creditors (CoC), backed by a ₹60 lakh deposit. The appellant sought to withdraw the appeal (after a Section 12A application was rejected), and NCLAT allowed the withdrawal, vacating the interim stay on the CoC. The ₹60 lakh deposited will be released back to the appellant. As a result, the CIRP against SKIL Infrastructure continues without obstruction, and the CoC can now be constituted to move the resolution process forward.
For shareholders, this means the insolvency proceedings against SKIL Infrastructure are now fully active and no longer paused by court intervention. The original insolvency admission stands, increasing uncertainty around equity value and any potential recovery, as resolution under IBC typically favors creditors over shareholders.