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Other Electrical Equipment
Legal25 Jun 2026, 12:57 pm

Vikram Solar: NCLAT Stays NCLT Order, Rs 91.98 Lakh Deposited

AI Summary

Vikram Solar Ltd announced that the National Company Law Appellate Tribunal (NCLAT) has stayed an order passed by the National Company Law Tribunal (NCLT), Kolkata Bench. The company has deposited ₹91,98,556/- via demand draft as a full and final settlement for the claim of operational creditor, Isitva Steel Private Limited. The NCLAT order follows an appeal against the NCLT's decision. The next hearing is scheduled for June 29, 2026. Vikram Solar aims for an expeditious closure of the proceedings.

Key Highlights

  • NCLAT stays NCLT order against Vikram Solar Ltd.
  • Company deposits ₹91,98,556 for operational creditor settlement.
  • Next hearing date set for June 29, 2026.
  • Vikram Solar actively pursuing expeditious closure of proceedings.