The application for approval of the Resolution Plan is now listed for further hearing on 12th November 2025.
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Vikas WSP Ltd, which is under the Corporate Insolvency Resolution Process (CIRP) since February 2022, informed that the NCLT Chandigarh Bench-II heard the application (IA No. 1538/2022) seeking approval of its Resolution Plan. During the hearing, the Brief Note filed by the Resolution Professional in a connected Section 19(2) matter was taken on record. The application for approval of the Resolution Plan has now been adjourned and is listed for the next hearing on 12th November 2025. The Resolution Professional, Mr. Darshan Singh Anand, continues to manage the company's affairs under the Insolvency and Bankruptcy Code, 2016.
No immediate impact on shareholders — this is a routine procedural update on the insolvency resolution timeline. However, delays in approving the Resolution Plan extend the uncertainty around the company's revival, final recovery for shareholders, and the eventual reconstitution of the board.