NCLAT sets aside NCLT insolvency admission order against Vikram Solar

Court Stay ObtainedNclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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 has set aside the NCLT Kolkata order that admitted a Section 9 IBC insolvency application against Vikram Solar. The NCLT had admitted the application on 12 June 2026, but the appellate tribunal has now overturned it. The company is in continuation of earlier intimations from June 2026 about the matter. The written NCLAT order is awaited and will be shared on receipt.

Likely market impact

Positive for shareholders - insolvency admission against the company has been quashed, removing a major overhang on the stock.