Announced Wed, 22 Jul · 12:58 IST
NCLT reserves order on Vikas WSP resolution plan hearing
Price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹0.98
prior close
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AI summary
Vikas WSP, under CIRP since Feb 2022, appeared before NCLT Chandigarh on 22 July 2026 for hearing on approval of its resolution plan. The tribunal heard arguments and reserved its order. The company continues to be managed by Resolution Professional Mr. Darshan Singh Anand. Outcome of the reserved order will determine whether the resolution plan gets NCLT approval.
Likely market impact
Order pending. NCLT approval of resolution plan is crucial for revival and shareholder recovery; rejection could deepen insolvency.