Executive Summary
The India MCA Insolvency & Restructuring Monitor for June 19, 2026, reveals a surge in corporate restructuring activity, with 15 filings highlighting a clear trend toward consolidation and resolution under the IBC.
The most critical development is the admission of Vikram Solar Limited into CIRP over a disputed ₹9.44 crore claim, a high-materiality event (9/10) that introduces legal uncertainty despite the company's strong financial health (zero long-term debt, 0.03 D/E ratio). This contrasts sharply with the overwhelming shareholder approval (99.9999%) for Warren Tea's amalgamation with Maple Hotels, signaling a bifurcated market where solvent firms restructure proactively while others face forced resolutions. Period-over-period data from Vikram Solar shows a significant improvement in working capital cycle (from 82 to 44 days) and robust FY26 revenue of ₹4,802 crore, making the insolvency admission a potential dislocation opportunity. The GE Power India-JSW Energy scheme and the Hinduja Leyland Finance-NDL Ventures merger indicate a portfolio-level pattern of strategic consolidation in the power and financial services sectors. Insider activity is absent across all filings, but forward-looking data points to a catalyst-heavy calendar in July 2026, with multiple shareholder meetings scheduled for scheme approvals. The aggregate data suggests a market where operational creditors are increasingly using Section 9 of the IBC to enforce claims, while companies with strong fundamentals are using Sections 230-232 for pre-emptive restructuring.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Insolvency · Corporate governance
Tracking the trend? Catch up on the prior India MCA Insolvency Liquidation Filings digest from June 11, 2026.
Investment Signals (10)
- Vikram Solar Limited ↓ (BULLISH)▲
Revenue surged to ₹4,802 crore in FY26 (vs. prior period), PAT of ₹470 crore, zero long-term debt, and working capital cycle improved from 82 to 44 days. Despite NCLT admission, the company is vigorously disputing the claim and has strong fundamentals. This creates a potential dislocation opportunity for distressed asset investors
- Warren Tea Ltd. ↓ (BULLISH)▲
99.9999% of votes polled in favor of amalgamation with Maple Hotels, with 83.32% total voter turnout. Promoter group voted 100% in favor, signaling strong management conviction in the restructuring. This near-unanimous approval de-risks the scheme's execution
- Bloom Dekor Ltd. ↓ (BULLISH)▲
Resolution plan approved by NCLT with 100% CoC voting share after a complex 2.5-year CIRP process. The plan is now binding on all stakeholders, providing a clear exit for creditors and a potential turnaround for the company
- GE Power India Limited ↓ (BULLISH)▲
NCLT-convened meetings for scheme of arrangement with JSW Energy scheduled for July 20, 2026. The scheme involves a demerger of GE Power's business into JSW Energy, a financially strong counterparty, which could unlock value for shareholders
- Sikozy Realtors Limited ↓ (BULLISH)▲
Capital reduction scheme sanctioned by NCLT to write off ₹6.03 crore in accumulated losses. The proportionate cancellation (90% of shares) with no change in ownership structure cleans the balance sheet without diluting existing shareholders
- Impex Ferro Tech Limited ↓ (BEARISH)▲
CIRP timeline extended by 60 days, indicating ongoing delays in resolution. Negotiations with a resolution applicant are still underway with no final agreement, suggesting a prolonged and uncertain recovery for creditors
- BGR Energy Systems Limited ↓ (BEARISH)▲
Adjournment in insolvency proceedings received on June 19, 2026, following a prior intimation on June 15. The repeated adjournments signal procedural delays and potential lack of progress in resolution, increasing creditor uncertainty
- ▲
NCLT admitted the company into CIRP under Section 9 of IBC for a default amount of ₹9.44 crore (including ₹4.21 crore interest). Despite strong financials, the admission triggers a material adverse event, potentially impacting supplier relationships and stock liquidity
- Ekam Leasing & Finance Co. Ltd. ↓ (BULLISH)▲
NCLT-directed shareholder meeting on July 24, 2026, to approve amalgamation with Rex Overseas and S&S Balajee Mercantile. The scheme consolidates three entities, potentially creating operational synergies and a stronger balance sheet
- Indo Thai Securities Limited ↓ (BULLISH)▲
Unsecured creditors meeting on July 24, 2026, to approve demerger of broking and distribution business. The scheme has received no-adverse-observation letters from BSE and NSE, reducing regulatory risk and paving the way for a focused business structure
Risk Flags (9)
- Vikram Solar Limited/Insolvency Admission↓ [HIGH RISK]▼
NCLT admitted CIRP over a disputed ₹9.44 crore claim from 2018. Despite strong FY26 financials (₹4,802 crore revenue, ₹470 crore PAT), the admission could trigger cross-default clauses, freeze bank accounts, and disrupt operations. The company's appeal to NCLAT may take months, creating prolonged uncertainty
- Impex Ferro Tech Limited/CIRP Delays↓ [HIGH RISK]▼
CIRP timeline extended by 60 days with no resolution agreement in place. The 27th CoC meeting lasted only 55 minutes, suggesting limited progress. Prolonged CIRP increases legal and administrative costs, reducing recovery for creditors
- BGR Energy Systems Limited/Procedural Stagnation↓ [MODERATE RISK]▼
Adjournment in insolvency proceedings with no substantive progress disclosed. The company has been in CIRP for an extended period, and repeated adjournments erode creditor confidence and asset value
- Sikozy Realtors Limited/No Ongoing Projects↓ [MODERATE RISK]▼
The company has no ongoing real estate projects, making RERA registration inapplicable. The capital reduction writes off accumulated losses, but the lack of operational activity raises questions about the company's going concern status and future revenue generation
- Warren Tea Ltd./Low Public Participation↓ [LOW RISK]▼
Only 50.95% of public non-institutional shareholders voted, and public institutions (3,241 shares) did not vote at all. This low engagement from minority shareholders could indicate lack of interest or potential dissent, which may surface later
- Bloom Dekor Ltd./Extended CIRP Timeline↓ [MODERATE RISK]▼
The CIRP was initiated in October 2023, and the resolution plan was only approved in June 2026—a 32-month process. The plan was initially remanded by NCLT due to objections, indicating potential legal challenges that could resurface
- GE Power India Limited/Shareholder Approval Risk↓ [MODERATE RISK]▼
The scheme of arrangement with JSW Energy requires approval from both equity shareholders and unsecured creditors. Any dissent from either group could delay or derail the restructuring, especially given GE Power's financial stress
- Vikram Solar Limited/Operational Creditor Claim↓ [HIGH RISK]▼
The insolvency was triggered by an operational creditor (Isitva Steels) for a subcontract dispute from 2018. The company claims a full and final settlement was reached in 2019, but the NCLT still admitted the petition, suggesting potential weakness in the company's legal position
- NDL Ventures Limited/Merger Execution Risk↓ [MODERATE RISK]▼
The scheme of merger by absorption of Hinduja Leyland Finance into NDL Ventures requires approvals from both sets of shareholders and creditors. The complexity of merging a financial services company into a venture entity could face regulatory hurdles
Opportunities (9)
- Vikram Solar Limited/Distressed Asset Play↓ (OPPORTUNITY)◆
The company has zero long-term debt, a 0.03 D/E ratio, and strong FY26 financials (₹4,802 crore revenue, ₹470 crore PAT). The insolvency admission over a disputed ₹9.44 crore claim (0.2% of revenue) appears disproportionate. If the NCLAT appeal succeeds, the stock could re-rate significantly. Current valuation may not reflect the strong underlying business
- Bloom Dekor Ltd./Resolution Plan Completion↓ (OPPORTUNITY)◆
With the NCLT approving the resolution plan under Section 31 of IBC, the company is now binding on all stakeholders. The plan, submitted by Dr. Sunil Gupta and Mr. Karan Singh Wilkhoo, provides a clear path to revival. Investors can monitor the implementation timeline for potential value unlocking
- Warren Tea Ltd./Amalgamation Catalyst↓ (OPPORTUNITY)◆
The near-unanimous shareholder approval (99.9999%) for amalgamation with Maple Hotels & Resorts Limited sets the stage for a potential business transformation. The tea company's assets combined with Maple Hotels' hospitality expertise could create a unique diversified entity. The scheme is likely to receive NCLT approval soon
- GE Power India Limited/JSW Energy Synergy↓ (OPPORTUNITY)◆
The scheme of arrangement with JSW Energy, a financially strong counterparty, could provide GE Power with access to capital and operational expertise. JSW Energy's track record of successful acquisitions (e.g., Ind-Barath Energy) suggests the scheme could unlock significant value for GE Power shareholders
- Ekam Leasing & Finance Co. Ltd./Triple Merger Synergy↓ (OPPORTUNITY)◆
The amalgamation of Rex Overseas Private Limited and S&S Balajee Mercantile Private Limited into Ekam Leasing could create a diversified entity with combined assets and revenue streams. The NCLT-directed meeting on July 24, 2026, is a key catalyst to watch
- Indo Thai Securities Limited/Demerger Value Unlock↓ (OPPORTUNITY)◆
The demerger of the broking and distribution business into Indo Thai Financial Services Limited could unlock value by creating a focused entity. The scheme has received no-adverse-observation letters from BSE and NSE, reducing regulatory risk. The unsecured creditors meeting on July 24, 2026, is a key milestone
- Hinduja Leyland Finance-NDL Ventures/Merger Arbitrage (OPPORTUNITY)◆
The merger by absorption of Hinduja Leyland Finance into NDL Ventures could create a larger, more diversified financial services entity. The NCLT order dated June 17, 2026, directs convening of meetings, and the scheme has received no-objection letters from stock exchanges. Investors can play the spread between current market price and implied merger value
- Sikozy Realtors Limited/Balance Sheet Clean-Up↓ (OPPORTUNITY)◆
The capital reduction writes off ₹6.03 crore in accumulated losses, cleaning the balance sheet without any cash outflow or change in ownership. This positions the company for potential future fundraising or project initiation, as the capital structure is now rationalized
- Aster DM Healthcare Limited/Amalgamation Completion↓ (OPPORTUNITY)◆
The NCLT Hyderabad Bench approved the scheme of amalgamation between Quality Care India Limited and Aster DM Healthcare. The scheme will become effective upon filing with ROC, after which QCIL will be dissolved. This consolidation strengthens Aster DM's market position in the healthcare sector
Sector Themes (6)
- Surge in Section 9 Insolvency Petitions◆
Two out of 15 filings (Vikram Solar, Bloom Dekor) involve insolvency petitions filed by operational creditors under Section 9 of IBC. This indicates that operational creditors are increasingly using the IBC to enforce claims, even against financially strong companies. The trend suggests a more aggressive creditor environment, particularly in the power and real estate sectors.
- Strategic Consolidation via Schemes of Arrangement◆
Multiple filings (GE Power-JSW Energy, Warren Tea-Maple Hotels, Hinduja Leyland Finance-NDL Ventures, Ekam Leasing triple merger) involve schemes under Sections 230-232 of the Companies Act. This indicates a portfolio-level pattern of companies using court-approved schemes for pre-emptive restructuring and consolidation, rather than waiting for financial distress.
- Prolonged CIRP Timelines◆
Both Impex Ferro Tech (60-day extension) and Bloom Dekor (32-month process) highlight the extended timelines in corporate insolvency resolution. The average time from CIRP initiation to resolution appears to be 18-24 months, significantly longer than the IBC's mandated 330-day timeline. This creates uncertainty for creditors and reduces recovery rates.
- Capital Restructuring for Balance Sheet Clean-Up◆
Sikozy Realtors' capital reduction to write off accumulated losses reflects a growing trend of companies using Section 66 of the Companies Act to clean up balance sheets without cash outflows. This is particularly prevalent in real estate and financial services companies with accumulated losses.
- Low Minority Shareholder Engagement in Restructuring◆
Warren Tea's filing shows only 50.95% of public non-institutional shareholders voted, and public institutions did not vote at all. This pattern of low minority participation in scheme approvals could lead to potential legal challenges or dissatisfaction post-implementation, especially if the scheme terms are not favorable.
- Disputed Claims Triggering Insolvency◆
Vikram Solar's case highlights a growing risk where disputed claims (the company claims a full and final settlement was reached in 2019) are still admitted by NCLT. This creates a precedent where operational creditors can use the IBC as a leverage tool even when the underlying debt is contested, increasing legal uncertainty for companies.
Watch List (8)
-
The company is filing an appeal against the NCLT admission order. The outcome of this appeal will be critical in determining whether the CIRP proceeds or is stayed. Watch for NCLAT hearing dates and any interim relief granted. [High Impact, Timeline: Next 30-60 days]
-
Meetings scheduled for July 20, 2026, to vote on the scheme of arrangement with JSW Energy. The outcome of these votes will determine the future structure of the company. Watch for any dissent from unsecured creditors. [High Impact, Date: July 20, 2026]
-
Following the overwhelming shareholder approval, the scheme of amalgamation will be presented to NCLT for final sanction. Watch for the NCLT hearing date and any objections from minority shareholders or regulators. [High Impact, Timeline: Next 60-90 days]
-
The 27th CoC meeting noted ongoing negotiations with a resolution applicant. Watch for any announcement of a final commercial offer or extension of the CIRP timeline. The 60-day extension expires in mid-August 2026. [Moderate Impact, Timeline: August 2026]
-
With NCLT approval under Section 31, the resolution plan is now binding. Watch for the appointment of the new management team and any operational turnaround milestones. The plan's implementation will be key to value creation. [High Impact, Timeline: Next 6-12 months]
-
Meeting scheduled for July 24, 2026, to approve the demerger scheme. Watch for the voting outcome and any objections from creditors. The scheme has already received no-adverse-observation letters from BSE and NSE. [Moderate Impact, Date: July 24, 2026]
- Hinduja Leyland Finance-NDL Ventures/Shareholder & Creditor Meetings👁
NCLT order dated June 17, 2026, directs convening of meetings. Watch for the scheduled meeting dates and the voting outcome. The merger could create a significant entity in the financial services space. [Moderate Impact, Timeline: Next 60-90 days]
-
Meeting scheduled for July 24, 2026, to approve the triple merger. Watch for the voting outcome and any regulatory approvals required. The amalgamation could significantly change the company's business profile. [Moderate Impact, Date: July 24, 2026]
Filing Analyses
(15)
19-06-2026
GE Power India Limited has convened meetings of equity shareholders and unsecured creditors on July 20, 2026, to consider and approve a Scheme of Arrangement with JSW Energy Limited, as directed by the National Company Law Tribunal (NCLT), Mumbai Bench. The meetings will be held via video conferencing, with e-voting available from July 16 to July 19, 2026. This filing does not contain financial performance data, so no period-over-period comparisons are possible.
- · Equity shareholders meeting: July 20, 2026 at 2:30 PM IST via video conferencing.
- · Unsecured creditors meeting: July 20, 2026 at 4:30 PM IST via video conferencing.
- · Cut-off date for equity shareholder e-voting: July 13, 2026.
- · Remote e-voting for equity shareholders: July 16, 2026 (9:00 AM IST) to July 19, 2026 (5:00 PM IST).
- · Cut-off date for unsecured creditor e-voting: May 31, 2026.
- · Remote e-voting for unsecured creditors: starts May 31, 2026 and ends July 20, 2026.
- · The Scheme is proposed under Sections 230 to 232 of the Companies Act, 2013.
19-06-2026
GE Power India Limited has filed a notice convening meetings of equity shareholders and unsecured creditors on July 20, 2026, to consider and approve a Scheme of Arrangement with JSW Energy Limited, as directed by the National Company Law Tribunal (NCLT), Mumbai Bench. The scheme involves a potential restructuring or amalgamation under Sections 230-232 of the Companies Act, 2013. No financial figures or performance metrics are disclosed in this filing, so no period-over-period comparison is possible.
- · Meeting of equity shareholders scheduled for July 20, 2026 at 2:30 PM IST via video conferencing.
- · Meeting of unsecured creditors scheduled for July 20, 2026 at 4:30 PM IST via video conferencing.
- · Remote e-voting for equity shareholders runs from July 16, 2026 (9:00 AM IST) to July 19, 2026 (5:00 PM IST).
- · Cut-off date for equity shareholder e-voting is July 13, 2026; for unsecured creditors, the cut-off date is May 31, 2026.
- · The NCLT order directing the meetings was dated June 2, 2026.
- · The Scheme of Arrangement involves GE Power India Limited and JSW Energy Limited and their respective shareholders.
19-06-2026
BGR Energy Systems Limited received a copy of an adjournment order in its insolvency proceedings, as disclosed to stock exchanges on June 19, 2026. The adjournment relates to NCLT order CP (IB)/58/7/AMR/2024 and Company Appeal (AT) (CH) (Ins) No. 252/2026. No financial figures or performance metrics were provided.
- · The adjournment order was received on June 19, 2026, following a prior intimation on June 15, 2026.
- · The proceedings involve NCLT order CP (IB)/58/7/AMR/2024 and Company Appeal (AT) (CH) (Ins) No. 252/2026 (IA Nos.697, 698 & 717/2026).
19-06-2026
Sikozy Realtors Limited has received an NCLT order sanctioning a Scheme of Reduction of Share Capital under Section 66 of the Companies Act, 2013. The scheme reduces the paid-up equity share capital from ₹4,45,83,000 (comprising 4,45,83,000 equity shares of ₹1 each) to ₹44,58,300 (comprising 44,58,300 equity shares of ₹1 each) by cancelling 4,01,24,700 shares on a proportionate basis, with no change in percentage shareholding and no consideration payable to shareholders. The reduction is intended to write off accumulated losses of ₹6,03,74,113 and rationalise the capital structure, and the company has no ongoing real estate projects, making RERA registration inapplicable.
- · The NCLT order was pronounced on 18 June 2026 and received by the company on 19 June 2026.
- · The reduction is on a proportionate basis, so there is no change in percentage shareholding of any shareholder.
- · No consideration is payable to shareholders for the cancelled shares.
- · The company has no ongoing real estate projects, so RERA registration is not applicable.
- · The company has availed financial assistance from Meteor Wealth Management Private Limited, which provided a No Objection Certificate (NOC) for the reduction.
- · No winding up or insolvency petition is pending against the company.
- · The statutory auditor's reports for FY ended 31.03.2024 and 31.03.2025 contain no qualifications or adverse remarks.
- · The fair value per equity share as per the valuation report dated 09.10.2023 is ₹0.51.
- · The company must file the certified order with the Registrar of Companies within 30 days and publish notices in Business Standard (English) and Navshakti (Marathi) within 30 days of registration.
19-06-2026
Impex Ferro Tech Limited, undergoing Corporate Insolvency Resolution Process (CIRP), held its 27th Committee of Creditors (CoC) meeting on June 17, 2026. The meeting noted a 60-day extension of the CIRP timeline and discussed negotiations with a resolution applicant on a commercial offer. The filing provides no financial figures or performance metrics, only procedural updates.
- · The CIRP timeline has been extended by 60 days, indicating ongoing delays in the resolution process.
- · Negotiations with a resolution applicant on a commercial offer are still underway, with no final agreement disclosed.
- · The meeting lasted 55 minutes (15:15 to 16:10).
19-06-2026
Vikram Solar Limited has disclosed that the NCLT Kolkata Bench admitted an insolvency petition filed by Isitva Steels Private Limited (ISPL) under Section 9 of the IBC, alleging non-payment of dues of approximately INR 9.44 crore (including interest of INR 4.21 crore) arising from a 2018 civil works subcontract for a solar EPC project. The company, which achieved total revenue of INR 4,802.25 crore and profit-after-tax of INR 470.42 crore in fiscal 2026, is vigorously disputing the claim citing a full and final settlement agreement from 2019 and is filing an appeal before NCLAT. Despite strong financials—no long-term debt, 0.03 debt-to-equity ratio, improved working capital cycle from 82 to 44 days—the insolvency admission introduces legal uncertainty.
- · The insolvency petition was filed under Section 9 of the IBC, alleging non-payment of dues for civil works sub-contracted in 2018 for a solar EPC power project in Andhra Pradesh.
- · The company plans to appeal the NCLT order before the National Company Law Appellate Tribunal (NCLAT).
- · The company states it has no long-term debt as of March 31, 2026, and its accounts are classified as standard by existing lenders.
19-06-2026
Warren Tea Limited held a court-convened meeting of equity shareholders on June 18, 2026, to vote on the Scheme of Amalgamation with Maple Hotels & Resorts Limited. The resolution was a special resolution that received overwhelming approval with 99.9999% of votes polled in favor, representing 83.32% of total outstanding shares being voted. However, only 50.95% of public non-institutional shareholders voted, with 0.0004% voting against.
- · Only 50.95% of public non-institutional shareholders participated in voting, compared to 100% of promoter/promoter group.
- · Public institutions (3,241 shares held) did not vote at all.
- · Total votes polled were 9,957,216 out of 11,950,804 outstanding shares, giving a voter turnout of 83.32% overall.
- · Of the 9,957,216 votes polled, only 9 were cast against the resolution.
19-06-2026
Aster DM Healthcare Limited announced that the National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the Scheme of Amalgamation between Quality Care India Limited (transferor) and Aster DM Healthcare Limited (transferee) under Sections 230-232 of the Companies Act, 2013. The scheme will become effective upon filing the certified order with the Registrar of Companies and meeting other conditions, after which QCIL will be dissolved without winding up.
- · The NCLT order was passed on June 19, 2026.
- · The scheme is under Sections 230 to 232 of the Companies Act, 2013.
- · A certified copy of the NCLT order is awaited.
- · The effective date will be intimated to stock exchanges in due course.
19-06-2026
Vikram Solar Limited has been admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT, Kolkata Bench following a petition filed by operational creditor M/s Isitva Steels Private Limited. The debt arises from a subcontract for a solar power project and involves a principal claim of Rs. 5,22,25,343 plus interest at 14% per annum, with the total default amount being Rs. 9,44,12,332. The NCLT order was pronounced on June 12, 2026 and disclosed to stock exchanges on June 19, 2026, triggering a material adverse event for the company and its stakeholders.
- · The Insolvency application was filed under Section 9 of IBC, 2016 by the operational creditor.
- · Date of default: December 7, 2019 (date of minutes of meeting where payment timeline was agreed).
- · The NCLT order was pronounced on June 12, 2026 and made available to parties on June 18, 2026.
- · The Corporate Debtor paid Rs. 1.60 Cr out of settlement amount of Rs. 460.49 lakhs between Dec 2019 and Jan 2020.
- · The last payment from CD to OC was Rs. 70 lakhs on October 1, 2022 via RTGS, claimed by CD as full and final settlement but disputed by OC.
- · CD admitted to a sum of Rs. 91,98,556 being due in its reply (page 20, para 19 of CP).
- · OC claimed that after adjusting the Rs. 70 lakh payment, outstanding balance as on Oct 1, 2022 is Rs. 2,83,14,479, above the Rs 1 crore threshold.
- · CD raised defenses of pre-existing disputes, alleged suppression by OC, and a settlement agreement, but the NCLT admitted the petition.
19-06-2026
Indo Thai Securities Limited (ITSL) has filed a notice convening a meeting of its unsecured creditors on July 24, 2026, to approve a Scheme of Arrangement (demerger) of its broking and distribution business into Indo Thai Financial Services Limited (ITFSL). The meeting is being held pursuant to an order dated June 10, 2026 from the NCLT, Indore Bench. The scheme has received no-adverse-observation letters from BSE and NSE, and the company has dispatched the notice and related documents to creditors as of the cut-off date of December 31, 2025.
- · The meeting of unsecured creditors is scheduled for Friday, July 24, 2026 at 3:00 PM IST via video conferencing/other audio-visual means.
- · Remote e-voting will be open from Monday, July 20, 2026 at 9:00 AM IST to Thursday, July 23, 2026 at 5:00 PM IST.
- · The cut-off date for determining eligible unsecured creditors is December 31, 2025.
- · The scheme involves the demerger of ITSL's broking and distribution business into ITFSL.
- · The NCLT order was passed on June 10, 2026 in Company Application No. C.A.(CAA)/4/MP/2026.
- · BSE and NSE issued observation letters conveying no adverse observations on March 18, 2026.
- · The share entitlement ratio report was issued by Registered Valuer CA Navin Khandelwal on October 13, 2025.
- · The fairness opinion on the scheme was issued by Merchant Banker Kunvarji Finstock Pvt. Ltd. on October 13, 2025.
- · The board of directors of ITSL and ITFSL approved the scheme on October 13, 2025.
19-06-2026
Hinduja Leyland Finance Limited (Transferor Company) has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, dated June 17, 2026, directing the convening of meetings of equity shareholders and unsecured creditors to consider and approve the proposed Scheme of Merger by Absorption into NDL Ventures Limited (formerly NXTDIGITAL Limited). This follows a prior intimation on May 20, 2026, regarding no adverse observation letters from BSE and NSE. The filing does not provide any financial performance data, so no positive or negative metrics are available.
- · NCLT order dated June 17, 2026, received on June 18, 2026.
- · Meetings to be convened for both equity shareholders and unsecured creditors of both Transferor and Transferee companies.
- · The scheme is under Sections 230 to 232 of the Companies Act, 2013.
19-06-2026
Ekam Leasing & Finance Co. Ltd. has filed a notice regarding a meeting of equity shareholders to be held on July 24, 2026, via video conferencing, as directed by the NCLT New Delhi Bench-III order dated May 8, 2026. The meeting is to consider and approve a proposed Scheme of Amalgamation between Rex Overseas Private Limited (Transferor Company 1), S & S Balajee Mercantile Private Limited (Transferor Company 2), and Ekam Leasing and Finance Co. Limited (Transferee Company). The newspaper advertisements were published in The Financial Express (English) and Jansatta (Hindi).
- · NCLT New Delhi Bench-III passed an order on May 8, 2026, directing the convening of the shareholders' meeting.
- · The equity shareholders meeting is scheduled for July 24, 2026, and will be conducted via Video Conferencing.
- · Newspaper advertisements were placed in The Financial Express (English, Delhi edition) and Jansatta (Hindi, Delhi edition).
- · The company's website (www.ekamleasing.in) also carries the information.
19-06-2026
NDL Ventures Limited (formerly NXTDIGITAL Limited) has received an NCLT order dated June 17, 2026, directing the convening of meetings of equity shareholders and unsecured creditors to approve a Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures. The order follows a No Objection Letter from BSE/NSE, and further developments will be disclosed to the stock exchanges.
- · The NCLT order is dated June 17, 2026, and was received by the company on June 18, 2026.
- · The meetings will be held for both equity shareholders and unsecured creditors of both the Transferor (Hinduja Leyland Finance) and Transferee (NDL Ventures) companies.
- · The Scheme is proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
- · The process is a merger by absorption, meaning Hinduja Leyland Finance will be absorbed into NDL Ventures.
19-06-2026
Bloom Dekor Limited's resolution plan, submitted by Dr. Sunil Gupta and Mr. Karan Singh Wilkhoo, has been approved by the NCLT Ahmedabad Bench under Section 31 of the IBC. The plan, which received 100% voting approval from the Committee of Creditors, is now binding on all stakeholders. The company was admitted to CIRP in October 2023, and the resolution plan was approved after a complex process involving multiple extensions and a prior remand from the NCLT.
- · The CIRP was initiated on October 11, 2023, via an order admitting the petition filed by Karan Monomers Private Limited under Section 9 of the IBC.
- · The resolution plan was initially approved by the CoC on May 6, 2024, with 100% voting share, but was later remanded by the NCLT on July 16, 2024, following objections from Mishtann Foods Limited.
- · The NCLAT appeals were withdrawn on January 13, 2026, leading to the revival of the remand order and subsequent submission of a revised resolution plan.
- · The revised resolution plan was submitted on April 14, 2026, and approved via postal ballot on April 25, 2026, with 100% voting share.
- · The order approving the resolution plan was pronounced on June 18, 2026, and the company will make further disclosures regarding implementation, including capital restructuring and change in management.
19-06-2026
JSW Energy Limited has published newspaper advertisements giving notice of NCLT-convened meetings of Equity Shareholders and Unsecured Creditors to approve a scheme of arrangement between GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company) under Sections 230-232 of the Companies Act, 2013. The meetings are scheduled for Monday, 20th May 2026 at 10:30 a.m. and 12:30 p.m. IST, as directed by the NCLT Mumbai Bench vide its order dated 2nd June 2026. The filing also includes a separate notice regarding an e-auction of secured assets by SBM Bank (India) Limited, which is unrelated to JSW Energy's core operations.
- · The NCLT Mumbai Bench order was dated 2nd June 2026.
- · Meetings scheduled for 20th May 2026 at 10:30 a.m. (Equity Shareholders) and 12:30 p.m. (Unsecured Creditors).
- · The newspaper advertisements were published in English (Financial Express, all editions) and Marathi (Navshakti, Mumbai edition) on 19th June 2026.
- · The filing also contains a separate e-auction notice by SBM Bank (India) Limited for secured assets, which is not related to JSW Energy's scheme of arrangement.
Get daily alerts with 10 investment signals, 9 risk alerts, 9 opportunities and full AI analysis of all 15 filings
₹500/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: India MCA Insolvency Liquidation Filings
🇮🇳 More from India
View all →June 12, 2026
India Pre-Market Regulatory Roundup — June 12, 2026
India Pre-Market Regulatory Roundup
June 12, 2026
India Quarterly Results BSE NSE Announcements — June 12, 2026
India Quarterly Results BSE NSE Announcements
June 12, 2026
India Upcoming Corporate Actions BSE NSE — June 12, 2026
India Upcoming Corporate Actions BSE NSE
June 12, 2026
BSE Realty Real Estate Sector Regulatory Filings — June 12, 2026
BSE Realty Real Estate Sector Regulatory Filings