Announced Wed, 9 Sept · 13:00 IST
NCLT approves Resolution Plan for Vikas WSP under insolvency
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹0.92
prior close
₹0.89
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-2.2-3.3-3.3-6.5-4.3-4.3-2.2————
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AI summary
NCLT Chandigarh Bench has approved the Resolution Plan for Vikas WSP Limited, which has been under the Corporate Insolvency Resolution Process since February 2022. The order was pronounced in open court on 09 September 2026, allowing application IA (I.B.C.) No. 1538/2022. This marks a key milestone in the company's insolvency case, paving the way for implementation of the approved resolution.
Likely market impact
NCLT approval of the resolution plan is a key positive step towards the company's revival and potential recovery for shareholders. Watch for plan details.