Intimation on the next date of hearing before Hon''ble NCLT
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vikas WSP Ltd, which has been under the Corporate Insolvency Resolution Process (CIRP) since February 2022, informed BSE that the Hon'ble NCLT Chandigarh Bench partly heard its Resolution Plan application (IA No. 1538/2022) on the previously scheduled date of 06 May 2025. The matter has been adjourned and the next hearing is now scheduled for 02 July 2025. The company continues to be managed by the Resolution Professional, Mr. Darshan Singh Anand, appointed by the CoC in March 2022. No resolution plan has been approved yet, and the outcome remains pending further NCLT hearings.
Investors should note that the Resolution Plan is still awaiting NCLT approval, which means the company's insolvency process continues with no certainty on the recovery value for shareholders. Further delays in NCLT hearings prolong uncertainty, which is typically negative for the stock. Existing equity holders are likely to face significant dilution or loss once a resolution plan is ultimately approved.