NCLT admits insolvency petition against Vikram Solar; company to appeal

Nclt 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

-0.9%Reaction day

₹199.84

prior close

₹200.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.8%-1.8% vs market

Other Electrical Equipment peers, median of 49sector+0.3%-1.2% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.2 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

-1.4

10m

-1.3

15m

-0.8

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+0.8-1.8+0.3-1.2

Next day

-4.7+0.1-4.8-0.2-4.5

-5.9+0.0-6.0+0.3-6.2

-6.9-0.6-6.3-1.0-5.9

-6.5-0.9-5.6-1.1-5.4

-8.9+0.2-9.1-0.7-8.2

-3.7+1.2-4.9-1.4-2.4

15d

-4.2+0.7-4.9-2.9-1.3

-7.1-0.4-6.7-3.5-3.6

-13.8+5.2-19.0-4.5-9.3

-18.7+5.4-24.1-7.1-11.5

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

NCLT Kolkata admitted a Section 9 IBC petition by Isitva Steels against Vikram Solar over alleged unpaid dues of about 9.44 crore rupees for a 2018 solar EPC sub-contract. The company disputes the claim, citing a 2019 settlement, and plans to appeal at NCLAT. Vikram Solar reports FY26 revenue of 4,802 crore rupees, PAT of 470 crore rupees, no long-term debt and a debt-to-equity ratio of 0.03, asserting it remains solvent and operational.

Likely market impact

Negative sentiment likely from NCLT admission despite small claim size. Company disputes the dues, plans to appeal, and reports strong solvency.