With the captioned subbject, please find attached herewith notice of the hearing scheduled to be held on 20th May 2026.
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Vikas WSP Ltd, which has been under Corporate Insolvency Resolution Process (CIRP) since February 2022, has disclosed updates from an NCLT Chandigarh Bench hearing on 18th May 2026. Two applications were listed — IA (I.B.C.) No. 764/2022 (Section 19(2) cooperation application) and IA (I.B.C.) No. 1538/2022 (Resolution Plan approval). The cooperation application was heard in full, with respondent arguments still underway. The Resolution Plan application could not be taken up due to time constraints and has been rescheduled to 20th May 2026. The company remains under CIRP with Resolution Professional Darshan Singh Anand managing its affairs.
The continued NCLT proceedings indicate the insolvency resolution process is ongoing. Shareholders should monitor the Resolution Plan approval, as its outcome will directly determine recovery prospects for creditors and any residual value for equity holders.