Legal19 Oct 2026, 02:27 pm
NCLT Dismisses Dharan Infra's CIRP Withdrawal Plea
AI Summary
Dharan Infra-EPC Limited has disclosed that the National Company Law Tribunal (NCLT), Mumbai Bench, dismissed an application seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The application was based on a settlement with one creditor, Tata Capital. Consequently, the CIRP will continue as per the Insolvency and Bankruptcy Code, 2016, and its associated timelines. The company has enclosed a copy of the NCLT's order dated October 16, 2026.
Key Highlights
- NCLT dismissed Dharan Infra-EPC's application to withdraw CIRP.
- CIRP will continue as per IBC timelines.
- Settlement with creditor Tata Capital was the basis for withdrawal.
- Order dated October 16, 2026, passed by NCLT Mumbai Bench.
Price Impact
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