This is to inform you that Hon''ble National Company Law Tribunal (NCLT), Mumbai Bench II, has admitted the application under Section 9 of the Insolvency and Bankruptcy Code ("Code"), thereby ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.4 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The National Company Law Tribunal (NCLT), Mumbai Bench-II, vide its order dated June 26, 2025, admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Unitech International Limited. Mr. Mayur Rajendrakumar Popat has been appointed as the Interim Resolution Professional (IRP) / Deemed RP to oversee the company's operations and management. The company has informed BSE that, due to non-payment of fees by the company to NSDL and CDSL, the Registrar and Transfer Agent (RTA) is unable to provide the requisite information needed for statutory quarterly filings under SEBI's LODR Regulations. The IRP has sought leniency from BSE for delays in compliance citing the ongoing CIRP circumstances.
This is a highly negative development — the company is now formally under insolvency proceedings, meaning significant operational and financial distress. Shareholders face substantial uncertainty as the resolution process could result in restructuring, dilution, or even liquidation of equity value. The stock is likely to see heavy selling pressure and reduced liquidity.