NCLT admits insolvency petition against Vikram Solar; CIRP begins, appeal filed

NCLT admitted insolvencyRegulatory & 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

-3.9%Reaction day

₹198.24

prior close

₹198.01

announcement price

After-mkt

timing

Nifty Microcap 250market-0.7%-3.2% vs market

Other Electrical Equipment peers, median of 49sector-1.0%-3.0% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.0 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

+0.3

10m

+0.3

15m

+0.4

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9-0.7-3.2-1.0-3.0

Next day

-5.2-0.8-4.4-0.9-4.3

-6.2-1.4-4.8-1.6-4.6

-5.7-1.7-4.0-1.4-4.3

-8.2-0.7-7.5-1.5-6.7

-9.5-0.5-9.0-2.2-7.3

-4.7+0.0-4.7-2.4-2.3

15d

-2.1+0.5-2.6-2.2+0.1

-7.1-1.9-5.2-5.1-2.0

-13.1+4.3-17.4-8.4-4.7

-17.6+5.8-23.4-6.4-11.1

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

Vikram Solar has entered Corporate Insolvency Resolution Process after the NCLT Kolkata admitted a Section 9 IBC petition filed by Isitva Steels Pvt Ltd on June 12, 2026. Tripti Agarwal is the Interim Resolution Professional. A public announcement for claims was published in newspapers on June 21. Suspended director Sameer Nagpal has appealed to NCLAT, which will hear the matter on June 24, 2026.

Likely market impact

Major negative event. Shareholders face uncertainty as insolvency process is underway. Existing management is suspended and a resolution professional is in charge.