India MCA Insolvency Liquidation Filings — May 12, 2026

12-05-2026

Arshiya Limited, under Corporate Insolvency Resolution Process (CIRP) since April 23, 2024, disclosed the list of creditors as of February 5, 2026, in compliance with SEBI LODR and IBBI regulations. Total claims received from 69 creditors amount to ₹67,143,678,269.26, with ₹66,520,441,312.93 admitted by the Resolution Professional, while ₹324,890,043.00 remain under verification and ₹298,346,914.32 not admitted, reflecting significant unresolved liabilities. Major secured financial claims of ₹35,434,155,787.54 (admitted ₹35,431,865,381.54) are led by Edelweiss ARC, alongside unsecured claims of ₹30,863,902,742.41 (admitted ₹30,845,226,182.01), with operational claims much smaller but partially disputed.

• · CIRP commenced on April 23, 2024
• · List of creditors certified as of February 5, 2026
• · Status of claims subject to further revision based on additional documents
• · Several claims treated as contingent (e.g., Gram Panchayat taxes disputed in court, CGST claim not admissible as pertains to another entity)
• · Late claims from Vijay Shamkant Bagate, Development Commissioner SEEPZ-SEZ, and Nalini Vivekanand Sawale approved by CoC

12-05-2026

Compuage Infocom Limited, currently under Corporate Insolvency Resolution Process (CIRP) managed by Resolution Professional Mr. Gajesh Labhchand Jain, has disclosed the scheduling of its 25th Committee of Creditors meeting on May 14, 2026, at 4:00 PM, pursuant to Regulation 30 of SEBI LODR. The CIRP was initiated following a Hon’ble NCLT order dated April 29, 2024, received on May 9, 2024. No financial outcomes or resolutions from prior meetings are detailed in this intimation.

• · Security Code: 532456, Symbol: COMPINFO
• · NCLT order dated 29.04.2024, received on 09.05.2024
• · IBBI Reg. No.: IBBI/IPA-001/IP-P-01697/2019-2020/12588, AFA Validity: 31.12.2026
• · CIN: L99999MH1999PLC135914

12-05-2026

The NCLT Mumbai Bench approved the Company Scheme Application (C.A.(CAA)/84(MB)/2026) on April 30, 2026, for the amalgamation of three wholly-owned subsidiaries—Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited—into Piramal Finance Limited (Appointed Date: April 1, 2026). The scheme seeks operational synergies, cost rationalization, streamlined group structure, and long-term stakeholder value without altering the transferee's share capital or shareholder rights. Shareholder meetings for transferor companies were dispensed with due to 100% consent affidavits; no material negative impacts or declines noted.

• · Board approvals on March 27, 2026; prior intimation on April 18, 2026.
• · NCLT order uploaded on NCLT website on May 11, 2026; certified copy awaited.
• · Piramal Finance Limited registered as NBFC-ICC with RBI (certificate N-13.02517); equity shares and debentures listed on BSE (Scrip: 544597) and NSE (Symbol: PIRAMALFIN).

12-05-2026

Integrated Hitech Limited updated BSE on the withdrawal of Company Petition CP(CA)/105/CHE/2025 filed before NCLT Chennai under Section 66 of the Companies Act, 2013, as informed in their earlier intimation on 06/05/2026. The NCLT Chennai bench dismissed the petition as withdrawn with liberty to file afresh after curing technical defects, via order dated 06/05/2026. No financial impacts or ongoing insolvency proceedings were mentioned.

• · CIN: L72300TN1993PLC024583
• · BSE Code: 532303
• · Petition withdrawn due to technical defects
• · Filing date of update: May 12, 2026
• · Hearing held via video conference on 06.05.2026

12-05-2026

Prime Focus Limited secured a stay from NCLAT on the NCLT's May 6, 2026 order initiating CIRP under Section 7 of the IBC for a disputed amount of Rs. 353,79,74,505/- (including principal of Rs.200 Crore), affirming the company's claim of solvency with 12000 employees, liquidity, and assets exceeding the dispute. However, the company must deposit the entire disputed amount into an interest-bearing NCLAT account by May 20, 2026, or risk vacation of the stay. The appeal is listed for further hearing on July 9, 2026.

• · Impugned NCLT order dated May 6, 2026, remained stayed; Interim Resolution Professional directed not to take further steps.
• · Previous disclosures dated May 7, 2026, May 8, 2026, and May 11, 2026.
• · Appeal reference: Comp. App. (AT) (Ins.) No. 850 of 2026.

12-05-2026

Choice International Limited's step-down subsidiaries, Choice Wealth Private Limited (CWPL) and Arete Capital Service Private Limited (ACSPL), both wholly owned by material subsidiary Choice Equity Broking Private Limited (CEBPL), received NCLT Mumbai Bench approval on May 11, 2026, for the Scheme of Amalgamation merging CWPL into ACSPL. Turnovers for FY ended March 31, 2025, were ₹661.90 Lakhs for CWPL and ₹1,341.17 Lakhs for ACSPL, with the merger aimed at operational synergies, cost efficiencies, and improved profitability. The share exchange ratio is 92 equity shares of ACSPL for every 100 equity shares of CWPL, with no change in the listed company's shareholding pattern.

• · Both CWPL and ACSPL engaged in distribution of mutual funds and other Wealth Products.
• · Merger constitutes related party transaction but exempt under Regulation 23(5)(c) of SEBI Listing Regulations as between wholly owned subsidiaries.
• · Disclosure under Regulation 30 of SEBI Listing Regulations.

12-05-2026

Ekam Leasing and Finance Co. Limited informed BSE of the First Motion Order pronounced by NCLT New Delhi on May 8, 2026, in CA(CAA)/17(ND)/2026, approving key procedural steps for the Scheme of Amalgamation of its wholly-owned subsidiaries Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited into Ekam. The order dispenses with meetings of shareholders/creditors for transferor companies and creditors of Ekam, but mandates a shareholder meeting for Ekam via video conferencing; no changes to management, control, or shareholding are expected. The scheme, with Appointed Date of April 1, 2025, aims to simplify group structure, reduce costs, and enhance efficiency without any reported negatives.

• · No secured creditors for any of the applicant companies as on 30.09.2025
• · All shareholders and unsecured creditors of transferor companies and transferee company provided consent letters
• · Ekam is registered with RBI as non-deposit accepting NBFC-ND
• · Order reserved on April 20, 2026; received by company on May 11, 2026
• · Notices to be issued to Regional Director, ROC Delhi & Haryana, Official Liquidator, Income Tax, RBI, BSE, SEBI

12-05-2026

The NCLT Mumbai Bench approved the Resolution Plan submitted by Shriniwas Spintex Industries Private Limited for Morarjee Textiles Limited on May 11, 2026, following 75.61% CoC approval, marking the resolution of the CIRP commenced on February 9, 2024. The plan provides ₹130 Crore to secured creditors and a Performance Security of ₹20 Crore from the SRA, but allocates only ₹39 Lakh (0.07% recovery) to unsecured financial creditors against admitted claims of ₹128.46 Crore, drawing objections from ACT Fininvest Ltd. (16.79% CoC voting share) for inequitable treatment. Only one compliant plan remained after disqualifications of other applicants under Section 29A.

• · CIRP commenced on 09.02.2024 with public announcement on 12.02.2024.
• · Multiple CIRP extensions granted, final up to 28.04.2025.
• · Two other resolution applicants (Dev Land & Housing Pvt. Ltd. and Nirmal Ujjwal Credit Co-operative Society Ltd.) disqualified under Section 29A.

12-05-2026

The National Company Law Tribunal (NCLT), Mumbai, appointed Mr. Raju Mangilal Marshiya as Resolution Professional (RP) for Supha Pharmachem Limited (formerly Remedium Lifecare Limited) under the ongoing Corporate Insolvency Resolution Process (CIRP) via order dated April 30, 2026, replacing the Interim Resolution Professional (IRP). The RP has assumed control, suspending the powers of the Board of Directors. BSE Limited has been informed to update its records with the new RP details.

• · NCLT order received on May 11, 2026.
• · RP IBBI Registration No.: IBBI/IPA-001/IP-P-02849/2024-2025/14408, AFA valid till June 30, 2026.
• · RP contact: Email rmmar73@gmail.com / spl.cirp@gmail.com; Mobile 7767014381; Address: 8, Nisarg, A-6, Kumbre Park, New D P Road, Kothrud, Pune 411038.
• · Scrip Code: 541019