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Awaiting price reaction for this filing.
Skyline Ventures India Ltd has informed the BSE that a petition has been filed against it under the Insolvency and Bankruptcy Code (IBC) before the NCLT Hyderabad Bench. The petition was filed by M/s. Raj Breeders & Hatcheries Private Limited, a financial creditor, on November 17, 2025, alleging a default in payment of Rs. 1,79,68,658 (approximately Rs. 1.80 crore). The financial creditor is seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the company. The company received the petition from its legal counsel on November 24, 2025 and has stated it is seeking appropriate legal advice to protect its interests.
This is a negative development for shareholders, as the admission of this insolvency petition could lead to significant operational, financial, and governance disruptions. If CIRP is initiated, the company's management could come under the control of a resolution professional, and shareholders may face dilution or loss of value.