Announced Fri, 19 Jun · 17:19 IST
NCLT admits insolvency petition against Vikram Solar; company to appeal
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
-4.7%1-day move
₹199.84
prior close
₹200.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-1.3-0.8-1.4-4.7-5.9-6.9-6.5-8.9-3.7-4.2-7.1——
Up moveDown movePending
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.