India MCA Insolvency Liquidation Filings — May 11, 2026

11-05-2026

Vikas WSP Ltd., under Corporate Insolvency Resolution Process (CIRP) since February 2, 2022 with Mr. Darshan Singh Anand as Resolution Professional, disclosed an update on NCLT Chandigarh Bench proceedings on May 11, 2026. Final arguments were heard on IA (I.B.C.) No. 1537/2022 regarding Section 66 fraudulent transactions, while applications IA (I.B.C.) No. 1538/2022 for resolution plan approval and Section 19(2) cooperation were not taken up due to time constraints. The matters are now listed for further hearing on May 18, 2026.

• · Scrip Code: 519307; ISIN: INE706A01022
• · NCLT order appointing Interim Resolution Professional dated February 2, 2022; continued as RP by CoC on March 17, 2022
• · IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931

11-05-2026

The NCLT Chennai Bench has approved the first motion application for the Scheme of Amalgamation between Dr. Agarwal’s Eye Hospital Limited (AEHL) and Dr. Agarwal’s Health Care Limited (AHCL), directing both companies to convene meetings of equity shareholders, secured creditors, and unsecured creditors on July 02, 2026, to consider and approve the scheme. The order was pronounced on May 05, 2026, and uploaded on May 11, 2026. The scheme remains subject to necessary statutory and regulatory approvals.

• · Previous disclosures: letters dated February 17, 2026, and August 27, 2025.
• · Certified copy of NCLT order awaited and to be uploaded on AEHL website upon receipt.
• · Notices and relevant details for meetings to be submitted to stock exchange in due course.

11-05-2026

The Hon’ble NCLT Chennai Bench has passed an order on May 05, 2026, approving the first motion application for the scheme of amalgamation between Dr. Agarwal’s Eye Hospital Limited (AEHL) and Dr. Agarwal’s Health Care Limited (AHCL), directing both companies to convene separate meetings of equity shareholders, secured creditors, and unsecured creditors on July 02, 2026. The scheme remains subject to necessary statutory and regulatory approvals, with the certified copy of the order awaited. This follows prior disclosures on February 17, 2026, and August 27, 2025.

• · Scrip Code: 544350; Symbol: AGARWALEYE
• · NCLT Order uploaded on May 11, 2026
• · Meetings for AEHL and AHCL: Equity Shareholders, Secured Creditors, Unsecured Creditors
• · Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

11-05-2026

The Hon’ble NCLT Mumbai Bench has reserved its order on the Resolution Plan submitted by Authum Investment & Infrastructure Limited for Vas Infrastructure Limited (CIN: L65100MH1994PLC076538) under the Insolvency and Bankruptcy Code, 2016. The hearing for IA no. 41 of 2025 was concluded on May 07, 2026, with the intimation filed on May 11, 2026, pursuant to Regulation 30 of SEBI LODR. The company is under Corporate Insolvency Resolution Process (CIRP) managed by Resolution Professional Ashok Kumar Golechha.

• · IA no. 41 of 2025
• · Hearing concluded on May 07, 2026
• · IBBI Reg. No. IBBI/IPA-002/IP-N000932/2019-20/12973
• · AFA valid upto 31.12.2026
• · RP address: Flat No. B 703/704, Seventh Floor, River Park CHS Ltd., Dattani Park Road, Thakur Village, Kandivali (East), Mumbai - 400101

11-05-2026

The Board of Directors of Cerebra Integrated Technologies Limited met on May 11, 2026, and approved the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016. The company plans to seek shareholder approval as per the Companies Act, 2013 and IBC provisions. This move indicates severe financial distress with no offsetting positive developments disclosed.

• · Board meeting commenced at 5:00 P.M. and concluded at 5:14 P.M. on May 11, 2026
• · Scrip Code: BSE 532413, NSE CEREBRAINT
• · CIN: L85110KA1993PLC015091
• · Disclosure pursuant to Regulation 30 of SEBI LODR Regulations

11-05-2026

Asian Energy Services Limited (AESL) has intimated stock exchanges about an NCLT Mumbai Bench order dated April 22, 2026, directing a meeting of equity shareholders on June 12, 2026, at 11:00 AM IST via Video Conferencing/Other Audio Visual Means to approve the Scheme of Merger by Absorption of Oilmax Energy Private Limited (OEPL) into AESL. Remote e-voting will commence from 9:00 AM IST on June 9, 2026, and end at 5:00 PM IST on June 11, 2026. The notice, scheme, and explanatory statement are being dispatched electronically and are available on the company's website.

• · NCLT order reference: dated 22nd April, 2026, Mumbai Bench.
• · Notice dispatched electronically on May 11, 2026, to shareholders with registered email IDs.
• · Scheme details accessible at: https://www.asianenergy.com/investor-relations.html#scheme-arrangement
• · BSE Scrip Code: 530355; NSE Trading Symbol: ASIANENE

11-05-2026

The National Company Law Tribunal (NCLT) Hyderabad Bench approved the Resolution Plan dated 04.03.2026 submitted by Beaufond Industries Limited for Kobo Biotech Limited, following CIRP initiation on 13.08.2024 and CoC approval with 100% voting share on 17.03.2026. The plan involves acquisition as a going concern, amalgamation of SRA with CD, demerger of API business, and aggregate payments of Rs.70.11 Crores, with SRA providing Rs.10 Crores performance security; however, the first resolution process failed due to the prior SRA's default on bank guarantee.

• · CIRP extended multiple times, latest to 30.04.2026 via IA 244/2026 dated 03.02.2026
• · First resolution process failed; LOI to CVK Technologies Pvt Ltd revoked on 26.07.2025 due to non-furnishing of Performance Bank Guarantee
• · 27 EOIs in first process, 5 plans received; 30 EOIs in second process, 10 plans submitted (9 compliant)
• · 3% equity to JM Financial ARC, minimum 2% public shareholding retained
• · Third-party recoveries (e.g., against Arch Pharmalabs Ltd.) excluded and accrue to Financial Creditors

11-05-2026

The Hon’ble National Company Law Tribunal, Mumbai Bench sanctioned on May 11, 2026, the Composite Scheme of Arrangement involving amalgamation of Anchemco India Private Limited (formerly Andasia Private Limited) into Asia Investments Private Limited, followed by demerger of the Automotive Undertaking (including drive train products, EV transmissions, brake fluids, etc.) into Gabriel India Limited. The scheme aims to diversify Gabriel India from a mono-product suspension company into a technology-driven mobility solutions provider, optimizing supply chain, enhancing stakeholder value through EPS accretion, and rationalizing corporate structure. Share consideration: 1158 equity shares of Rs. 1 each of Gabriel India for every 1000 equity shares of Rs. 10 each in Asia Investments; appointed dates are April 1, 2025 (Part C) and April 1, 2026 (Part D).

• · Boards approved scheme on June 30, 2025
• · Anchemco incorporation: December 17, 2022 (CIN: U34103PN2022PTC249506)
• · Asia Investments incorporation: January 25, 1966 (CIN: U70200PN1966PTC249503)
• · Gabriel India incorporation: February 24, 1961 (CIN: L34101PN1961PLC015735)
• · All companies registered at 29th Milestone Pune-Nashik Highway, Taluka Khed, Village Kuruli, Pune, Maharashtra - 410501
• · Demerged assets exclude investments in Gabriel India and other unspecified investments, plus most immovable properties except specific leasehold land and sheds in Parwanoo, Himachal Pradesh

11-05-2026

The National Company Law Tribunal (NCLT) Mumbai Bench orally approved the Resolution Plan submitted by Shriniwas Spintex Industries Private Limited for Morarjee Textiles Limited on May 11, 2026, marking a key step in its Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. This follows the Committee of Creditors' approval intimated on April 03, 2025, and the plan's filing with NCLT on April 20, 2025. The company remains under CIRP management by Resolution Professional Ravi Sethia, with the written Approval Order awaited for further disclosures.

• · Interim Resolution Professional appointed by NCLT on February 09, 2024 in CP(IB) No. 1318/MB-VI/2022.
• · Resolution Professional confirmed by Committee of Creditors on May 22, 2024.
• · Company CIN: L52322MH1995PLC090643; BSE Code: 532621; NSE Symbol: MORARJEE.
• · Further disclosures on salient features of the Resolution Plan to be made upon publication of the Approval Order under LODR Regulations.

11-05-2026

SKIL Infrastructure Limited, under Corporate Insolvency Resolution Process (CIRP) since NCLT order dated February 1, 2024, has published a fresh Form G invitation for Expression of Interest (EOI) on May 1, 2026, approved by the Committee of Creditors on April 8, 2026, with the last date for submission along with earnest money deposit of INR 10,00,000 being May 16, 2026. The company reports critically weak operations, including no fixed assets located, NIL quantity and value of main products/services sold in the last financial year, and only 4 employees. Resolution plans are due by June 27, 2026, amid ongoing insolvency proceedings.

• · No fixed assets located.
• · Website is not operational.
• · Quantity and value of main products/services sold in last financial year: NIL.