Other6 Nov 2026, 11:21 am
Ushdev International Liquidation: Auctions Completed, Next Round Scheduled
AI Summary
Ushdev International Limited provides an update on its liquidation proceedings. The liquidation process, initiated by a National Company Law Tribunal (NCLT) order on October 16, 2025, began in July 2026. Two auction rounds have concluded, successfully disposing of wind turbines and certain immovable properties. The company is preparing for a subsequent auction round focused on remaining immovable properties and financial securities. This update details the progress in liquidating the company's assets.
Key Highlights
- Liquidation proceedings initiated by NCLT order in October 2025.
- Two auction rounds for assets have been successfully completed.
- Wind turbines and immovable properties were disposed of in prior auctions.
- Next auction round to focus on remaining properties and securities.
Price Impact
More from USHDI