
Legal29 Jun 2026, 05:30 pm
NCLAT Sets Aside Insolvency Petition Against Vikram Solar
AI Summary
Vikram Solar Limited announced that the Hon'ble National Company Law Appellate Tribunal (NCLAT) has set aside a previous order by the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT order, dated June 12, 2026, had admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Vikram Solar. This latest NCLAT order, dated June 29, 2026, effectively dismisses the insolvency proceedings initiated against the company. Vikram Solar will provide the written order upon receipt.
Key Highlights
- NCLAT overturns NCLT order admitting insolvency petition.
- Insolvency proceedings under IBC Code 2016 against Vikram Solar are set aside.
- Company confirms the legal development via regulatory filing.
- This is a significant legal reprieve for Vikram Solar.
Price Impact
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