India MCA Insolvency Liquidation Filings — August 06, 2026

06-08-2026

Ekam Leasing and Finance Co. Ltd. has filed a Second Motion Application with the NCLT, New Delhi Bench, on August 5, 2026, as part of the Scheme of Amalgamation involving Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited as transferor companies. This filing follows the First Motion Order dated May 12, 2026, and the equity shareholders' meeting held on July 24, 2026. No financial details or updates on the scheme's timeline or shareholder approval metrics are disclosed.

• · Second Motion Application filed on August 5, 2026, with NCLT New Delhi Bench under Company Application No. (CAA) 17 (ND) 2026.
• · Continues from First Motion Order dated May 12, 2026, and July 24, 2026 shareholder meeting outcome.

06-08-2026

Value Industries Limited, along with 12 other Videocon group companies, remains under Corporate Insolvency Resolution Process (CIRP) initiated by NCLT orders from September 2018 and subsequent dates. The company will delay submission of its quarterly financial results for the quarter ended June 30, 2026, due to procedural constraints under CIRP, and plans to file them together with audited annual results for FY2026-27 once processes are completed.

• · CIRP was initiated by NCLT order dated 05th September 2018, with subsequent orders on 8th August 2019 and 25th September 2019.
• · The company cites practical and procedural constraints in finalizing financial results under CIRP as the reason for delay.
• · The resolution professional's registration is valid until December 31, 2026.

06-08-2026

Majestic Research Services and Solutions Ltd has appointed four new directors pursuant to an order of the National Company Law Tribunal (NCLT) in I.A. (Plan) No. 07/2024 dated 20th June 2025, indicating the company is undergoing a resolution or restructuring process under insolvency proceedings. The appointments include Mrs. Rashmikaben Shaileshbhai Patel as Managing Director, Mr. Parth Patel as Executive Director, Mr. Piyush Jagdishbhai Patel as Non-Executive Independent Director, and Mrs. Avani Vishnubhai Patel as Non-Executive Independent Director, all for five-year terms effective 18th September 2025. No financial figures or performance metrics were disclosed in this filing.

• · Appointments are effective from 18th September 2025.
• · All appointments are for a term of five consecutive years (until 17th September 2030).
• · Appointments are subject to shareholder approval and other regulatory approvals as applicable.
• · Mrs. Rashmikaben Shaileshbhai Patel has over 10 years of experience in ceramic and plastic industries.
• · Mr. Parth Patel holds an MBA in Marketing and has 3 years of professional experience.
• · Mr. Piyush Jagdishbhai Patel is a B.Com graduate and Inter CS with 10 years of experience in corporate laws and business development.
• · Mrs. Avani Vishnubhai Patel has over 12 years of expertise in company secretarial services, 10+ years in trademark law, and 3+ years as a Registered Valuer for Securities & Financial Assets.
• · None of the appointed directors are debarred from holding office by any SEBI order.

06-08-2026

The Hon'ble National Company Law Tribunal (NCLT), Cuttack Bench, has admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Minaxi Suppliers Private Limited (Financial Creditor) against Sun Granite Export Limited (Corporate Debtor), initiating Corporate Insolvency Resolution Process (CIRP). The default amount is Rs. 3,95,96,011/-, comprising Rs. 3,55,00,000/- principal and Rs. 40,96,011/- unpaid interest. The company has been placed under moratorium, and an Interim Resolution Professional (IRP), Mr. Raghunath Bhandari, has been appointed.

• · The NCLT order was passed on August 05, 2026, and the company was informed on August 06, 2026.
• · The loan was classified as a Non-Performing Asset (NPA) on 30.11.2025 in the financial creditor's books.
• · The corporate debtor disputed the default, claiming solvency and temporary liquidity issues due to market conditions, and alleged procedural defects in the petition.
• · The moratorium commenced on August 05, 2026, and will remain in force until CIRP completion, approval of a resolution plan, or liquidation order.
• · The IRP's registration number is IBBUIPA-002/IP-N01023/2020-2021/113276, with AFA valid until 31.12.2026.