India MCA Insolvency Liquidation Filings — July 14, 2026

14-07-2026

Digjam Ltd has convened an Extra-Ordinary General Meeting (EGM) on August 16, 2026, pursuant to an NCLT Chennai Bench order dated June 19, 2026, to seek shareholder approval for a Scheme of Arrangement with Reid & Taylor International Private Limited (RTIL). Under the scheme, RTIL's textile business will be demerged into Digjam, with Digjam issuing 46,481 equity shares for every 100 shares of RTIL. While promoter shareholding will marginally decrease from 75% to 74.97%, public shareholders of Digjam will see their holding drop sharply from 25% to just 5.48% post-scheme, though the company claims the scheme is value accretive and not detrimental to minority interests.

• · EGM scheduled for Sunday, August 16, 2026 at 11:00 AM IST via VC/OAVM
• · Cut-off date for e-voting eligibility: August 10, 2026
• · Remote e-voting period: August 13, 2026 (9:00 AM) to August 15, 2026 (5:00 PM)
• · Share exchange ratio: 46,481 equity shares of Digjam (₹10 each) for every 100 equity shares of RTIL (₹10 each)
• · Pre-scheme public shareholders of Digjam will hold only 5.48% post-scheme, while QIBs of RTIL will hold 19.55%
• · The scheme is intended to consolidate RTIL's textile business into Digjam for operational synergies and cost savings
• · Annexures include valuation report, fairness opinion, audited financials, and observation letters from BSE and NSE

14-07-2026

Lakshmi Precision Screws Limited is undergoing Corporate Insolvency Resolution Process (CIRP) under IBC, 2016, following an NCLT order dated July 18, 2018. The Committee of Creditors has approved liquidation, and an application is pending before NCLT. The company failed to meet SEBI disclosure requirements due to operational constraints and non-cooperation from directors.

• · CIRP initiated per NCLT Chandigarh Bench order dated 18.07.2018
• · Board powers suspended under Section 17 of IBC
• · RP filed application against directors under Section 19(2) for non-cooperation
• · Liquidation approved by Committee of Creditors, pending NCLT adjudication

14-07-2026

The National Company Law Tribunal (NCLT) Mumbai Bench has listed two interlocutory applications (IA/1566/2026 and IA(PLAN)/32/2026) in the insolvency proceedings of Zicom Electronic Security Systems Limited, initiated by IDBI Bank under Section 7 of the Insolvency and Bankruptcy Code. The matters are scheduled for further hearing on July 17, 2026, with arguments continuing on IA/1566/2026. No final order or resolution has been reached at this stage.

• · The insolvency petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
• · Two interlocutory applications are pending: IA/1566/2026 and IA(PLAN)/32/2026.
• · The next hearing date is July 17, 2026.
• · The order was delivered on July 2, 2026.
• · Central Bank of India is also mentioned as an applicant in IA/1566/2026.

14-07-2026

Radhagobind Commercial Limited has disclosed the outcome of the 10th meeting of its Committee of Creditors (CoC) held on July 14, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The meeting discussed progress on the CIRP, including an NCLT order reserved for extension, filing for extension of the CIRP period, and CIRP costs and interim finance from financial creditors. No financial figures or performance metrics were disclosed in this filing.

• · The 10th CoC meeting was held on July 14, 2026, lasting only 15 minutes (7:00 pm to 7:15 pm).
• · The meeting discussed filing for extension of the CIRP period with NCLT.
• · CIRP costs and interim finance from financial creditors were discussed.
• · The insolvency was initiated by NCLT Kolkata Bench via order CP (IB)/71/KB/2025 dated October 30, 2025.
• · Najeeb T P was initially appointed as Interim Resolution Professional and later as Resolution Professional via order IA (I.B.C)/90(KB)2026 dated January 27, 2026.

14-07-2026

AGS Transact Technologies Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has informed the exchanges that the 15th meeting of the Committee of Creditors (CoC) will be held on July 16, 2026, via hybrid mode. The company remains under the administration of a Deemed Resolution Professional, indicating an ongoing and prolonged insolvency proceeding.

• · The company is under CIRP (Corporate Insolvency Resolution Process).
• · The 15th CoC meeting is scheduled for July 16, 2026, at 11:00 a.m. via hybrid mode.
• · The Resolution Professional is Brijendra Kumar Mishra, with IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257.
• · The process email ID is agscirp@gmail.com.

14-07-2026

KPIT Technologies has completed the voluntary liquidation and dissolution of its wholly owned step-down subsidiary, Somit Solutions Inc. (Somit USA), after receiving the tax clearance certificate from the State of Michigan on July 13, 2026. The company states that this dissolution will not affect any business, financial reporting, or operations.

• · The dissolution process began with a Board Meeting outcome on October 23, 2024.
• · Certificate of Dissolution was filed with the State of Michigan on March 26, 2026.
• · Tax clearance application was filed on April 27, 2026.
• · Tax clearance certificate and confirmation of dissolution were received on July 13, 2026.

14-07-2026

The Hon'ble NCLAT has dismissed the appeal filed by promoter Gursimran Kaur Mann and disposed of the appeal by farmer Surender Pal Singh Mangat with directions, thereby vacating the stay on the Corporate Insolvency Resolution Process (CIRP) of Simbhaoli Sugars Limited. The CIRP was initiated on July 11, 2024, based on a Section 7 petition by Oriental Bank of Commerce (now Punjab National Bank) for a default of ₹103.61 crore as of July 31, 2018, with total outstanding debt to all lenders recorded at ₹1,436.92 crore. The company remains under CIRP with Mr. Anurag Goel as the Interim Resolution Professional.

• · The NCLAT judgment was pronounced on July 13, 2026, and the filing was made on July 14, 2026.
• · The appeal by Gursimran Kaur Mann was dismissed; the appeal by Surender Pal Singh Mangat was disposed of with certain directions.
• · All interim orders stand vacated; all pending interlocutory applications stand closed; no order as to costs.
• · The corporate debtor's account was classified as NPA on November 30, 2016.
• · The Section 7 petition was filed on September 5, 2018, and the NCLT admitted the CIRP on July 11, 2024.
• · The appellant had argued that the Section 7 petition was non-est based on the Supreme Court's Dharani Sugars judgment, but the NCLAT dismissed the appeal.
• · The JLF restructuring had achieved 68% by value and 50% by number, but was discontinued due to the RBI circular dated February 12, 2018.