Hearing took place on 12th November, 2025 and the matter are now listed for further hearing on 2nd December,2025.
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Awaiting price reaction for this filing.
Vikas WSP Limited, which has been under the Corporate Insolvency Resolution Process (CIRP) since 2nd February 2022, informed BSE that the NCLT Chandigarh Bench heard its application (IA No. 1538/2022) seeking approval of the Resolution Plan on 12th November 2025. Both parties made arguments before the tribunal. The matter has now been adjourned and is listed for the next hearing on 2nd December 2025. The disclosure also references parallel proceedings before the Adjudicating Authority under the Prevention of Money Laundering Act, 2002. Mr. Darshan Singh Anand continues to serve as the Resolution Professional.
No material change for shareholders in this update — the resolution plan is still awaiting NCLT approval, and the next hearing is over three weeks away. Investors should watch the 2nd December 2025 hearing, as approval of the resolution plan is a key milestone that could revive the stock, while further delays or adverse rulings (including in the PMLA proceedings) could keep it under pressure.