Announced Mon, 22 Jun · 18:24 IST
NCLT admits insolvency petition against Vikram Solar; CIRP begins, appeal filed
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
-5.2%1-day move
₹198.24
prior close
₹198.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.3+0.4+0.2-5.2-6.2-5.7-8.2-9.5-4.7-2.1-7.1——
Up moveDown movePending
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.