Announced Tue, 30 Jun · 17:39 IST
NCLAT sets aside NCLT insolvency order against Vikram Solar
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.7%1-day move
₹182.00
prior close
₹181.70
base price
After-mkt
timing
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+0.2-0.4-0.9-0.7+5.7+3.8+2.4+0.0+1.0+11.7+2.0———
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AI summary
NCLAT has set aside the June 12, 2026 NCLT order that had admitted an insolvency petition filed by Isitva Steels against Vikram Solar under IBC Section 9. Both sides agreed the claim amount was below the Rs 1 crore threshold under Section 4 of IBC, so the admission was wrongly granted. The about Rs 92 lakh deposited earlier by the suspended director of Vikram Solar, who filed the appeal, will be refunded. The insolvency proceeding against the company is now closed.
Likely market impact
Relief for Vikram Solar. The earlier insolvency admission is reversed. No active IBC proceeding against the company now.