Hearing before the Hon''ble NCLT for application pertaining to the approval of the Resolution Plan is now scheduled on 19th August 2025.
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Vikas WSP Limited, which has been under the Corporate Insolvency Resolution Process (CIRP) since 2 February 2022, informed that the NCLT Chandigarh Bench heard arguments on the approval of its Resolution Plan (Application IA No. 1538/2022) on 23 July 2025. After hearing arguments at length, the tribunal adjourned the matter and listed it for further hearing on 19 August 2025. The company's affairs continue to be managed by the Resolution Professional, Mr. Darshan Singh Anand, originally appointed by NCLT in February 2022 and continued by the Committee of Creditors in March 2022.
The adjournment pushes back the final approval of the insolvency resolution plan, prolonging uncertainty for shareholders and creditors about the restructuring outcome and any potential recovery. Investors should track the 19 August 2025 hearing closely, as an approval would be a decisive trigger for the company to exit CIRP, while further delays could weigh on sentiment.