Intimation on the next date of hearing before Hon''ble NCLT
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Vikas WSP Ltd, which has been under the Corporate Insolvency Resolution Process (CIRP) since February 2, 2022, informed the stock exchange that its application for approval of the Resolution Plan was heard by the NCLT Bench-II, Chandigarh on April 2, 2025. The matter was heard at length but a decision was not given, and the next hearing has now been scheduled for May 6, 2025. The company's affairs continue to be managed by Resolution Professional Darshan Singh Anand.
Shareholders face continued uncertainty as the resolution plan remains pending NCLT approval; the outcome of the May 6 hearing will determine whether the company's revival plan is accepted, which directly affects equity value and future listing status.