Announced Thu, 25 Jun · 12:54 IST
NCLAT stays 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
-0.6%1-day move
₹187.99
prior close
₹185.00
base price
In-mkt
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AI summary
Vikram Solar informed exchanges that NCLAT has stayed the 12 June 2026 NCLT Kolkata order in a Company Appeal filed by suspended director Sameer Nagpal against operational creditor Isitva Steel. The company has deposited about Rs. 91.98 lakhs as full and final settlement of the claim, against an original settlement of about Rs. 4.6 crores of which Rs. 4.14 crores was already paid. Next hearing is 29 June 2026.
Likely market impact
Insolvency proceedings paused for now. Company paid about Rs. 91.98 lakhs as settlement. Next hearing 29 June 2026 is key.