Hearing before Hon''ble NCLT for application pertaining to approval of the Resolution Plan is now scheduled on 22 July 2025.
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Vikas WSP Ltd has informed that the hearing before the Hon'ble National Company Law Tribunal (NCLT) for approval of the company's Resolution Plan has now been scheduled for 22 July 2025. A Resolution Plan is typically submitted during the Corporate Insolvency Resolution Process (CIRP), suggesting the company is undergoing insolvency proceedings. The outcome of this hearing will determine whether the submitted plan gets court approval, which could lead to the revival or restructuring of the company. No further details about the resolution applicant, plan terms, or creditor status have been disclosed in this update.
This is a pending event with significant binary outcome risk for shareholders — approval could lead to restructuring or revival, while rejection may push the company towards liquidation. Investors should monitor the 22 July 2025 hearing closely as it is a key milestone for the company's future.