Vikram Solar Limited has received significant relief after the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, overturned an earlier insolvency admission order passed against the company. The development was announced by the company on June 29, 2026, through a regulatory filing submitted to the stock exchanges.
Earlier, the National Company Law Tribunal (NCLT), Kolkata Bench, had admitted an insolvency application against Vikram Solar under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The order was passed on June 12, 2026, and was made available on June 18, 2026. Following that decision, Vikram Solar informed investors and the stock exchanges through a series of disclosures issued between June 19 and June 25, 2026, regarding the ongoing legal proceedings.
In its latest update, the company confirmed that the NCLAT has completely set aside the insolvency admission order issued by the NCLT, Kolkata Bench. This means the earlier order admitting the insolvency proceedings against the company is no longer valid, providing immediate relief to Vikram Solar.
The company informed both BSE Limited and the National Stock Exchange of India Limited (NSE) about the appellate tribunal’s decision under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose material developments to investors in a timely manner.
The regulatory filing was signed by Sudipta Bhowal, Company Secretary and Compliance Officer of Vikram Solar Limited. The company also stated that the detailed written order of the NCLAT has not yet been officially received. Once the certified copy becomes available, it will be disclosed in accordance with applicable regulatory requirements.
The latest ruling removes the immediate insolvency proceedings initiated through the earlier NCLT order and brings temporary relief to the solar energy company. Investors and stock exchanges have been requested to take note of the updated legal position while the company awaits the formal written order from the appellate tribunal.
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