KSS Ltd: NCLT Approves Resolution Plan by Micro Capitals Pvt Ltd

KSS Limited, undergoing Corporate Insolvency Resolution Process (CIRP), has received consequential orders from the Hon'ble NCLT, Mumbai Bench, to give effect to the approved Resolution Plan. The plan, submitted by Micro Capitals Private Limited, was previously approved by the Hon'ble NCLAT. The NCLT order, dated August 5, 2026, confirms the binding nature of the plan on all stakeholders, extinguishes all claims not part of the plan, and allows for amendments to the company's Memorandum and Articles of Association. The moratorium under Section 14 of the IBC has ceased to have effect from August 5, 2026. The Resolution Plan involves a total settlement outlay of ₹3,01,00,000, capital reduction, fresh equity infusion, and a change in management and control in favor of the Successful Resolution Applicant. The pre-CIRP net worth was ₹64.08 Crore, with total admitted claims of ₹1,21,61,08,617.03.