Submission of NCLT order dated 13th March 2026
Awaiting price reaction for this filing.
The NCLT New Delhi has passed an order on 13 March 2026 in the Educomp Solutions insolvency case. A consortium of lenders, including SBI, holding 63% voting share requested a fresh Corporate Insolvency Resolution Process (CIRP) after the Successful Resolution Applicant (SRA) failed to implement the previously approved resolution plan. The Tribunal has remitted the matter back to the Committee of Creditors to issue a fresh Form-G inviting expressions of interest, with the process to be completed within 100 days. The SRA has been penalized for non-implementation and the matter has been referred to IBBI for further action. The Tribunal noted that liquidation would normally be the course when a plan is not implemented, but allowed a fresh resolution attempt since creditors believe it would maximize value.
Shareholders face continued uncertainty as the company goes through another round of insolvency resolution. The stock remains suspended/halted and the outcome of the fresh bidding process will determine whether Educomp gets a new owner or heads toward liquidation. Existing equity holders are likely to face further dilution or total loss.