NCLAT sets aside insolvency admission order against Vikram Solar

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VIKRAMSOLR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹186.90

prior close

₹188.00

announcement price

After-mkt

timing

Nifty Microcap 250market+1.0%-3.7% vs market

Other Electrical Equipment peers, median of 49sector+0.7%-3.3% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.3 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.8

15m

-1.6

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6+1.0-3.7+0.7-3.3

Next day

-4.0+1.2-5.2+0.1-4.1

+2.9+2.1+0.9+0.2+2.8

+1.1+1.7-0.6-0.8+2.0

-0.3+1.9-2.3-0.4+0.1

-2.6+1.2-3.8-1.2-1.4

+3.9+1.1+2.8-2.0+5.9

15d

+0.0+1.6-1.6-1.6+1.7

-5.8+0.1-5.9-6.2+0.4

-9.9+6.6-16.6-6.3-3.6

-14.4+5.5-19.9-6.8-7.6

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLAT Principal Bench New Delhi, by order dated 29 June 2026, has set aside the NCLT Kolkata order dated 12 June 2026 that admitted a Section 9 IBC application against Vikram Solar. The insolvency admission has been reversed at the appellate level. The company is awaiting the written order and will share a copy on receipt.

Likely market impact

Positive for shareholders. The insolvency resolution process admission stands overturned, removing a major overhang on the stock.