Corporate Action17 Apr 2026, 06:01 pm
NCLT approves Winsome Yarns' Resolution Plan
AI Summary
Winsome Yarns Ltd announced that the Hon'ble NCLT, Chandigarh Bench, approved its Resolution Plan on April 16, 2026. This approval was granted in open court under sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016. The company will submit the specific features and details of the approved plan upon receiving the written order from NCLT, as per SEBI LODR Regulations.
Key Highlights
- NCLT Chandigarh approved Winsome Yarns' Resolution Plan on April 16, 2026.
- Approval granted under sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016.
- Specific details of the Resolution Plan will be disclosed upon receipt of the written order.
- This marks a significant step in the company's insolvency resolution process.