Outcome of Fourth Monitoring Committee meeting of the company held on 25th July 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Viksit Engineering Ltd held its 4th Monitoring Committee meeting on 25 July 2025 under the Insolvency and Bankruptcy Code (IBC), 2016. The committee approved handing over full control to the Successful Resolution Applicant, dissolved the Monitoring Committee, and authorised filing an application with NCLT to confirm successful implementation of the Resolution Plan dated 11 February 2025. The handover from the Resolution Professional to the new management has been completed. This signals the formal exit of the company from the corporate insolvency resolution process.
Positive for shareholders — the company has successfully emerged from the IBC insolvency process and is transitioning back to normal board-led operations, which removes the uncertainty of CIRP and marks a revival milestone for the stock.