NCLAT stays NCLT insolvency order against Vikram Solar

Nclt Insolvency AdmittedCourt Stay ObtainedRegulatory & Legal View source PDF Explain this filing

VIKRAMSOLR · price

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Nifty Microcap 250market-0.6%-0.4% vs market

Other Electrical Equipment peers, median of 49sector-1.2%+0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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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.