Techindia Nirman: NCLAT sets aside CIRP; management restored to Board
Awaiting price reaction for this filing.
On 15 December 2025, the National Company Law Appellate Tribunal set aside the Corporate Insolvency Resolution Process (CIRP) against Techindia Nirman Limited. The insolvency process, initiated in January 2025 against the company, stands terminated. The moratorium under Section 14 of the IBC is vacated, the Resolution Professional has ceased to act, and powers and management are restored to the Board of Directors and promoters. The CIRP was originally admitted on a petition by related party Agri-Tech (India) Limited claiming about 86 crore rupees in default.
Positive for shareholders: CIRP terminated, moratorium lifted, Board control restored, and risk of public shareholding being reduced from 82 percent to 5 percent is averted.