Announced Thu, 18 Jun · 12:12 IST
NCLT admits insolvency application against the company
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
-14.3%1-day move
₹0.21
prior close
₹0.21
base price
In-mkt
timing
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+0.0+0.0+0.0-9.5-14.3-14.3-14.3-14.3-14.3-14.3-14.3-14.3——
Up moveDown movePending
AI summary
The National Company Law Tribunal, Allahabad Bench has admitted an insolvency application (Company Petition IB-120/ALD/2025) against Space Incubatrics Technologies Ltd via its order dated 10.06.2026. Admission of the petition typically triggers a moratorium on debt recovery and paves the way for the appointment of an insolvency resolution professional to manage the company.
Likely market impact
Negative for shareholders — insolvency admission usually leads to a sharp drop in share price and dilution of existing equity as lenders take control of the resolution process.