Legal5 Jun 2026, 06:41 pm
Vikas WSP CIRP Hearing: Resolution Plan Approval Delayed
AI Summary
Vikas WSP Ltd's Corporate Insolvency Resolution Process (CIRP) hearing on June 2, 2026, saw arguments on IA (I.B.C.) No. 764/2022 (cooperation application) heard by the NCLT, Chandigarh Bench. However, due to time constraints, the crucial IA (I.B.C.) No. 1538/2022, concerning the Resolution Plan approval, could not be taken up. The proceedings are now adjourned to July 8, 2026, for further hearings. The company is under CIRP since February 2, 2022, with its affairs managed by the Resolution Professional.
Key Highlights
- CIRP hearing held on June 2, 2026, for Vikas WSP Ltd.
- Resolution Plan approval application could not be heard.
- Arguments heard on cooperation application (IA 764/2022).
- Further hearing scheduled for July 8, 2026.
- Company remains under Corporate Insolvency Resolution Process.
Price Impact
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