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The Hon'ble NCLAT has quashed the Corporate Insolvency Resolution Process (CIRP) against Embassy Developments Limited, setting aside a previous NCLT order. The company is now fully relieved from insolvency proceedings and continues normal operations. All consequential directions from the prior insolvency admission have been terminated and disposed of.
Embassy Developments Limited has been fully relieved from insolvency proceedings after the Hon'ble NCLAT set aside a previous NCLT order. The Corporate Insolvency Resolution Process (CIRP) has been quashed and closed, allowing the company to continue normal operations.
The Hon'ble NCLAT has quashed the Corporate Insolvency Resolution Process (CIRP) against Embassy Developments Limited, setting aside the earlier NCLT admission order from December 2025. Consequently, all insolvency-related directions are terminated, and the company has returned to normal operations.
Embassy Developments Ltd has been fully relieved from insolvency proceedings after the Hon'ble NCLAT set aside the earlier NCLT order admitting the company to CIRP. The tribunal dismissed the Section 7 petition filed by Canara Bank involving an alleged Rs. 202.03 Crore debt, allowing the company to continue normal operations.
Embassy Developments Limited (EMBDL) announced that the NCLAT has quashed previous insolvency proceedings (CIRP) against the company, setting aside the earlier NCLT order. Management reiterated the company's financial stability, reporting record FY26 pre-sales of ₹4,600 crore. The ruling provides significant relief to shareholders and confirms the company's operational strength.
Bloom Dekor Limited's CoC approved the Final Resolution Plan submitted by Dr. Sunil Gupta and Mr. Karan Singh Wilkhoo. The CoC also ratified CIRP-related expenses totaling approximately ₹4.86 Crore. This marks a critical milestone in the company's insolvency resolution process, moving towards corporate revival rather than liquidation.
NCLT Ahmedabad has admitted Osia Hyper Retail Limited into the Corporate Insolvency Resolution Process (CIRP) following a ₹6.72 Crore default. Aphelion Finance Private Limited initiated the proceedings, and Mr. Janak Jagjivan Shah has been appointed as the Interim Resolution Professional to manage the company's operations during the resolution period.
The Hon'ble NCLT has initiated Corporate Insolvency Resolution Process (CIRP) against Osia Hyper Retail Limited following a ₹6.72 Crore default to Aphelion Finance Private Limited. Mr. Janak Jagjivan Shah has been appointed as the Interim Resolution Professional, and a moratorium has been declared as per IBC provisions.
Raama Paper Mills Limited (under CIRP) announced that its Committee of Creditors approved a Resolution Plan submitted by M/s Poddar Global Private Limited with 99.38% voting share. The plan will now be filed with the NCLT Prayagraj Bench for final approval under Section 31 of the Insolvency and Bankruptcy Code.
SKIL Infrastructure Limited provided an update on its ongoing Corporate Insolvency Resolution Process. The Hon'ble NCLAT vacated a previous stay, allowing the constitution of the Committee of Creditors, which appointed Mr. Purusottam Behera as Resolution Professional. The company cited a lack of cash flow for its inability to submit quarterly compliance reports.
SKIL Infrastructure Limited provided an update on its Corporate Insolvency Resolution Process (CIRP). Following the vacation of a stay by the NCLTAT, the Committee of Creditors appointed Mr. Purusottam Behera as Resolution Professional on November 3, 2025. The company remains unable to submit certain governance filings due to the ongoing insolvency proceedings and lack of available funds.
SKIL Infrastructure Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) since February 2024. Mr. Purusottam Behera has been appointed as the Resolution Professional. The company is unable to submit quarterly shareholding patterns due to lack of funds and non-provision of data by depositories and the RTA.
BIL Vyapar Limited submitted the minutes of its 8th Committee of Creditors meeting. Key agenda items included discussing a time extension for a prospective resolution applicant's plan, noting valuation methodologies, appointing an accountant for audit preparation, and approving CIRP costs. The company remains under the Corporate Insolvency Resolution Process.
BGR Energy Systems Limited announced that its Corporate Insolvency Resolution Process (CIRP) proceedings remain stayed and inoperative. The company has submitted a settlement proposal to creditors, which is currently under consideration. The matter is scheduled for its next hearing on June 15, 2026.
The Hon'ble NCLAT, Chennai Bench has stayed the NCLT order admitting BGR Energy Systems Limited into the Corporate Insolvency Resolution Process (CIRP). The stay was granted as a settlement proposal is currently under consideration between the parties. CIRP proceedings are presently stayed and inoperative until the next hearing on June 15, 2026.
Future Lifestyle Fashions Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held its 35th Committee of Creditors (CoC) meeting on April 28, 2026. The company's affairs continue to be managed by Resolution Professional Ravi Sethia following the NCLT order dated May 4, 2023.
PS IT Infrastructure & Services Limited has been admitted into the Corporate Insolvency Resolution Process by NCLT Mumbai. The petition was filed by Golden Medows Export Private Limited for a default of ₹3.1 Crore. Mr. Rajneesh Kumar Aggarwal has been appointed as the Interim Resolution Professional to manage the company's affairs during the moratorium.
Export Import Bank of the United States (US Exim) filed an insolvency application against Reliance Power alleging a ₹1568.09 Crore debt default. The debt pertains to subsidiary Samalkot Power Limited and is guaranteed by the company. Reliance Power is contesting the application as legally untenable, noting the matter is already sub judice in the London Court of International Arbitration.
Reliance Power Ltd faces an insolvency application filed by US Exim under Section 7 of IBC for an alleged ₹1554.85 Crore debt default by its subsidiary, Samalkot Power. The matter is currently sub judice before the London Court of International Arbitration. The company intends to contest the application, stating the debt is not due.
Sab Events & Governance Now Media Limited provided an update on its ongoing CIRP. The Committee of Creditors (CoC) met on April 28, 2026, to consider an affidavit and legal opinion regarding the eligibility of a Resolution Applicant, following directions from the Hon’ble NCLT.
Sab Events & Governance Now Media Limited provided an update on its Corporate Insolvency Resolution Process. The Committee of Creditors reviewed an affidavit and legal opinion regarding a Resolution Applicant's eligibility following NCLT directions. This procedural step is part of the ongoing effort to resolve the company's insolvency under the IBC framework.
SAB Events & Governance Now Media Limited provided an update on its ongoing Pre-Packaged Insolvency Resolution Process. The Committee of Creditors (CoC) has considered and taken on record an Affidavit and Legal Opinion regarding the eligibility of a Resolution Applicant, following directions from the National Company Law Tribunal (NCLT).
CMI Limited has scheduled the 43rd meeting of its Committee of Creditors (CoC) for April 29, 2026. This meeting is part of the ongoing Corporate Insolvency Resolution Process (CIRP) for the company. The intimation follows SEBI Regulation 30 requirements for companies undergoing insolvency proceedings.
CMI Limited has scheduled a meeting of its Committee of Creditors on April 29, 2026, to discuss general business matters. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code.
Kallam Textiles Limited announced the first meeting of its Committee of Creditors (CoC) will be held on May 2, 2026. This follows the initiation of the Corporate Insolvency Resolution Process (CIRP) and the appointment of Mr. Rajesh Chillale as Interim Resolution Professional by the NCLT.
Omkar Speciality Chemicals Limited announced a Broad Step Plan under its NCLT-approved Resolution Plan. Key actions include reducing the entire existing share capital to zero, issuing fresh equity to the Resolution Applicant, and conducting a 5% Offer for Sale to achieve Minimum Public Shareholding compliance.
Sab Events & Governance Now Media Limited provided an update on its CIRP. The Committee of Creditors (CoC) met on April 28, 2026, to discuss a Resolution Professional's affidavit regarding a Resolution Applicant's eligibility. The CoC has requested one additional day to deliberate on the legal opinion and affidavit submitted before the NCLT.
Sab Events & Governance Now Media Limited provided an update on its CIRP. The Committee of Creditors (CoC) met on April 28, 2026, to discuss an affidavit regarding the eligibility of a Resolution Applicant, following NCLT directions. The CoC has requested additional time for further consideration of the legal opinion.
BGR Energy Systems Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) following an order from the NCLT Amaravati Bench. A public announcement has been issued, and newspaper advertisements were published on April 24, 2026. Control of the company has shifted to an interim resolution professional as per the IBC framework.
SAB Events & Governance Now Media Limited informed exchanges about its 5th CoC meeting held on April 28, 2026. The CoC discussed an affidavit and legal opinion regarding a Resolution Applicant's eligibility. The CoC requested one additional day for further consideration of the materials before finalizing its decision.