Vikram Solar Faces NCLT Insolvency Plea

Vikram Solar Limited has submitted a copy of an order from the National Company Law Tribunal (NCLT), Kolkata Bench, dated June 12, 2026. This order pertains to an application filed by M/s Isitva Steels Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor is seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Vikram Solar Limited, citing a default amount of ₹9,44,12,332, which includes principal and interest on sub-contracting works. The default date is stated as December 7, 2019. Vikram Solar Limited has acknowledged the engagement for sub-contracting civil works via an agreement dated February 18, 2018, and work orders were issued subsequently. The operational creditor claims the default relates to retention amounts, pending bills, and interest on delayed payments.