India MCA Insolvency Liquidation Filings — May 14, 2026

14-05-2026

SKIL Infrastructure Ltd, under CIRP since NCLT order dated February 1, 2024, with Purusottam Behera as RP, has filed unaudited consolidated financial results for the quarter and half-year ended September 30, 2024, showing zero revenue from operations (flat YoY), minimal total revenue of ₹42.16 Lakh for the quarter (down 98% YoY from ₹2,577.97 Lakh), small operating loss before exceptional items of ₹8.09 Lakh, but a massive exceptional loss of ₹2,60,445.26 Lakh resulting in net loss of ₹2,60,453.35 Lakh for the quarter (vs YoY profit of ₹2,154.12 Lakh). The NCLAT vacated stay on CoC constitution in October 2025, enabling RP appointment in November 2025; auditors issued a qualified review conclusion citing material uncertainties including going concern doubts, claim discrepancies, deconsolidation issues, and unreconciled intercompany balances.

• · Auditors (GPS & Associates) issued qualified conclusion due to claim differences pending CIRP outcome, impairment of investment in UIHPL from 99.76% capital reduction, unreconciled intercompany balances, improper deconsolidation timing of SKIL Shipyard Holdings Pvt. Ltd., restricted bank statement access, and no MTM on quoted investments.
• · Financial results approved at RP Committee meeting on May 8, 2026 (in lieu of suspended Board).
• · Earnings per share (basic) for Q2 FY25: (₹120.26); H1 FY25: (₹120.27).
• · NCLAT vacated CoC stay on October 15, 2025; CoC constituted and approved RP on November 3, 2025.

14-05-2026

Richa Industries Limited is under liquidation pursuant to an order dated June 11, 2025, passed by the Hon’ble National Company Law Tribunal, Chandigarh Bench under the Insolvency and Bankruptcy Code, 2016, with Mr. Mohit Chawla appointed as Liquidator (IP Registration No. IBBI/IPA-001/IP-P00524/2017-18/10949). The powers of the Board of Directors have ceased, resulting in no Board Meeting being held on November 26, 2025. Financial results for the quarter ended September 30, 2025, were approved by the Liquidator, but submission was delayed due to the ongoing liquidation process.

• · Scrip Code: 532766
• · Liquidator Address: SCO 26, 3rd Floor, Shri Balaji Complex, Near Hotel Dreamz Inn Suite, Old Ambala Road, Dhakoli, Distt. SAS Nagar, Mohali, Punjab-140603
• · Liquidator Contact: +91-9888003303, camohitchawla@gmail.com, lig.richa@gmail.com

14-05-2026

M/s Telephone Cables Limited (CIN: L31300CH1983PLC005385), non-operational since 2005 with no employees, production capacity, or sales, is undergoing Corporate Insolvency Resolution Process (CIRP) with Form G invitation for Expression of Interest issued. Majority assets located at A-30, Industrial Focal Point, Phase-8, Mohali, and a freehold land parcel in Village Kolewal, Garhshankar, Punjab. All process timelines, including EoI submission deadline, have been extended (e.g., EoI now due by 15.05.2026).

• · PAN: AAACT7212L
• · Registered office: SCO 68-70, Sector-17 C, Chandigarh
• · Website: http://telephonecables.ibc2016.net/
• · Process email: cirp.telephonecables@gmail.com
• · Original EoI deadline: 04.05.2026; Extended: 15.05.2026
• · Provisional list issuance: Originally 14.05.2026; Extended: 25.05.2026
• · Final list issuance: Originally 29.05.2026; Extended: 09.06.2026
• · Resolution plans deadline: Originally 03.07.2026; Extended: 14.07.2026
• · Not registered as MSME
• · Persons disqualified under section 29A ineligible

14-05-2026

Ansal Properties & Infrastructure Limited (APIL) has provided prior intimation under Regulation 30 of SEBI LODR for the 52nd Meeting of the Committee of Creditors for its Fernhill project in Gurgaon, Haryana, scheduled on May 20, 2026, managed by Resolution Professional Shri Jalesh Kumar Grover. The Corporate Insolvency Resolution Process has been confined to Lucknow and Rajasthan projects per NCLAT order dated January 7, 2026, and these are managed by Shri Navneet Kumar Gupta; meanwhile, the Resolution Plan for Serene Residency project in Greater Noida was approved by NCLT on October 6, 2025, marking a positive development amid ongoing insolvency proceedings.

• · NCLAT order dated January 13, 2023, confining Section 7 application to Fernhill project.
• · Initial CIRP admission for APIL on November 16, 2022, by NCLT New Delhi Bench-II.
• · Settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and APIL in CP No.: IB 558(ND)/2024.

14-05-2026

AGS Transact Technologies Limited, under Corporate Insolvency Resolution Process (CIRP), has disclosed under Regulation 30 of SEBI LODR that the 13th meeting of its Committee of Creditors will be held on May 15, 2026, at 4:30 PM via video conferencing. The process is managed by Deemed Resolution Professional Brijendra Kumar Mishra (IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257). This ongoing insolvency proceeding signals continued financial distress with no resolution indicated yet.

• · BSE Scrip Code: 543451; NSE Scrip Symbol: AGSTRA
• · Process Email ID: agscirp@gmail.com
• · AFA Details: AA2/10257/02/311226/204257, Valid till 31.12.2026
• · Disclosure reference: IRP/AGS/M/26-27/1514 dated 13.05.2026

14-05-2026

The NCLT Allahabad Bench sanctioned the Composite Scheme of Arrangement on May 7, 2026, involving the amalgamation of Sir Shadi Lal Enterprises Limited into Triveni Engineering and Industries Limited with issuance of shares to SSL shareholders, and the demerger of the PTB Undertaking from TEIL to Triveni Power Transmission Limited. The scheme received overwhelming approval: equity shareholders >98-99.95%, secured creditors 100%, and unsecured creditors >99.74% for both companies. However, Sir Shadi Lal Enterprises noted an inadvertent error/discrepancy in the NCLT order and is filing for rectification.

• · Meetings held on Dec 7, 2025 for TEIL and Nov 30, 2025 for SSL; chairperson reports filed Jan 6, 2026.
• · Scheme filings: First motion order Oct 17, 2025; petition filed Dec 13, 2025.
• · NCLT order received by company on May 13, 2026.