
Legal12 Nov 2026, 09:52 pm
Vikas WSP: NCLT Approves Resolution Plan by Arcbolt Space and Foods
AI Summary
Vikas WSP Ltd announced that the National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the Resolution Plan submitted by Arcbolt Space and Foods Pvt. Ltd. The plan became effective on September 9, 2026. The company also took note of the formation of a Monitoring Committee to manage affairs during the implementation phase and the cessation of the moratorium. Unaudited financial results for the quarter and half-year ended September 30, 2026, along with the auditor's limited review report, were approved. The company is currently in the implementation phase of the approved Resolution Plan.
Key Highlights
- NCLT approved Resolution Plan by Arcbolt Space and Foods Pvt. Ltd.
- Resolution Plan effective from September 9, 2026.
- Monitoring Committee formed to oversee plan implementation.
- Unaudited financial results for Q2 FY27 approved.
- Company affairs managed by Monitoring Committee during implementation.
Price Impact
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