India MCA Insolvency Liquidation Filings — August 07, 2026

07-08-2026

Bloom Dekor Ltd. implemented its NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016, effecting a change in control. The Board approved the reclassification of seven existing promoters/promoter group entities to public category, a 250:1 reduction and reorganisation of equity share capital (from 68,50,000 shares to 29,007 shares), and the allotment of 1,51,37,774 new equity shares to the new promoter and strategic investors. Post-allotment, the issued capital stands at 1,51,66,781 equity shares of ₹10 each.

• · The Board meeting was held on August 7, 2026, from 3:30 PM to 4:15 PM.
• · The NCLT order approving the Resolution Plan was dated June 18, 2026.
• · Record Date for the reduction of capital was fixed as July 31, 2026.
• · Shareholders holding 250 shares or less as on Record Date will receive 1 fully paid-up share regardless of the exchange ratio.
• · Fractional entitlements arising from the exchange ratio will be ignored.
• · The company identified beneficial holdings of original shareholders whose shares were transferred to IEPF Authority for determining post-reduction entitlement.
• · The reclassification is subject to approval from BSE Limited.

07-08-2026

KSS Ltd's resolution plan, submitted by Micro Capitals Private Limited, has received final approval from the NCLT Mumbai Bench, ceasing the moratorium from August 5, 2026. However, the plan provides for a total settlement of only Rs. 3,01,00,000 against total admitted claims of Rs. 1,21,61,08,617.03 — a recovery of less than 2.5% for creditors. Existing public shareholders face massive dilution: their 2,13,58,75,070 shares will be consolidated at 1 share for every 1,400 held, leaving them with only 5% of the post-CIRP capital, while the resolution applicant gets 95% control for a fresh infusion of just Rs. 3,00,00,000.

• · CIRP commenced on January 24, 2023 via NCLT Mumbai Bench order.
• · Resolution plan was submitted on October 18, 2023 and approved by CoC with 77.97% voting share.
• · Dissenting financial creditors to be paid in priority, not less than their liquidation entitlement.
• · Workmen/employee dues admitted as NIL.
• · Contingency fund of Rs. 1,00,000 to be maintained for one year for uncovered liabilities.
• · Avoidance application (preferential transactions) already allowed by NCLT on August 1, 2025.
• · Monthly fee of Rs. 1,00,000 for Resolution Professional as Chairman of Monitoring Committee to be borne by applicant.
• · No additional liability on incoming investor beyond plan commitments.
• · Trademarks/logos remain with the company.

07-08-2026

The Hon'ble NCLT, Cuttack Bench, has admitted a Section 7 insolvency petition filed by Minaxi Suppliers Private Limited (Financial Creditor) against Sun Granite Export Limited (Corporate Debtor) for a default of ₹3,95,96,011 (including interest). A subsequent corrigendum order dated 07 August 2026 corrected a clerical error in the original order, replacing 'Punjab National Bank' with 'Minaxi Suppliers Private Limited' as the petitioner. The substantive directions of the admission order remain unchanged, and the Corporate Insolvency Resolution Process (CIRP) has commenced with Raghunath Bhandari appointed as Interim Resolution Professional.

• · The default date is stated as 30.06.2025, the date by which the entire principal and interest were to be repaid under the Loan Agreement.
• · The Corporate Debtor's loan account was classified as a Non-Performing Asset (NPA) on 30.11.2025.
• · The Corporate Debtor had sent a formal settlement proposal dated 11.04.2026, which the Financial Creditor did not respond to.
• · The Corporate Debtor disputed the claim, alleging the petition was filed with fraudulent/malicious motive and that the company is solvent but facing temporary liquidity issues due to market conditions.
• · The Financial Creditor acknowledged a typographical error in the petition where the debt was mischaracterized as 'Operational Debt' but argued it does not alter the nature of the financial debt.
• · The NCLT order notes that the Financial Creditor did not place on record any Record of Default issued by the Information Utility (NeSL).

07-08-2026

UGRO Capital Limited has received an NCLT order dated August 6, 2026, directing meetings of equity shareholders, secured creditors, and unsecured creditors to consider the Scheme of Amalgamation with its wholly owned subsidiary, Profectus Capital Private Limited (PCPL). The scheme, approved by both boards on January 8, 2026, aims to consolidate PCPL's business into UGRO Capital with an appointed date of April 1, 2026. Since PCPL is wholly owned, no new shares will be issued, and the scheme has received no-objection letters from NSE and BSE, as well as RBI approval.

• · The NCLT order directs meetings to be held within 90 days of the order being uploaded on the NCLT website.
• · The scheme is being implemented to comply with an RBI condition requiring consolidation of PCPL into UGRO Capital.
• · No consideration will be issued by UGRO Capital since PCPL is a wholly owned subsidiary; the entire share capital of PCPL held by UGRO Capital will be cancelled.
• · NCD holders of PCPL will become NCD holders of UGRO Capital on the same terms.
• · The scheme has received no-objection letters from NSE (July 9, 2026) and BSE (July 10, 2026), and RBI approval dated February 25, 2026.
• · A joint valuation report was issued by CA Pankaj Gupta (IBBI registered) and a fairness opinion by Sundae Capital Advisors Private Limited.

07-08-2026

Videocon Industries Ltd and 12 other group companies remain under the Corporate Insolvency Resolution Process (CIRP) initiated by NCLT orders dated June 6, 2018, with subsequent orders on August 8, 2019, and September 25, 2019. The company has informed stock exchanges that it will delay submission of its quarterly financial results for the quarter ended June 30, 2026, and will instead submit them together with the audited annual results for FY ending March 31, 2027, due to procedural constraints under CIRP. The Resolution Professional, Abhijit Guhathakurta, continues to manage the company's affairs.

• · NCLT initiated CIRP on June 6, 2018, with subsequent orders on August 8, 2019, and September 25, 2019.
• · The company will submit Q1 FY27 results (quarter ended June 30, 2026) together with audited FY27 annual results, rather than separately.
• · The Resolution Professional's IBBI registration is valid until December 31, 2026.

07-08-2026

Tasty Dairy Specialities Limited, currently under Corporate Insolvency Resolution Process (CIRP) per the Insolvency and Bankruptcy Code 2016, has informed the stock exchange that its Resolution Professional will meet on August 11, 2026 to consider and approve the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report. The company's affairs are being managed by Resolution Professional Mr. Anish Agarwal pursuant to an order dated October 7, 2025.

• · The company is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code 2016 since at least October 7, 2025.
• · The Resolution Professional, Mr. Anish Agarwal, is registered with IBBI (Reg. No. IBBI/IPA-001/IP-P-01497/2018-2019/12256).
• · The board meeting for financial results approval is scheduled for August 11, 2026, from 1:00 PM to 1:30 PM.
• · Company scrip code: 540955; ISIN: INE773Y01014.

07-08-2026

Refex Industries Limited has submitted the voting results and scrutinizer's reports for the NCLT-directed meetings of equity shareholders, secured creditors, and unsecured creditors held on August 5, 2026, regarding the Composite Scheme of Amalgamation and Arrangement among Refex Green Mobility Limited (Transferor Company), Refex Industries Limited (Transferee/Demerged Company), and Refex Mobility Limited (Resulting Company). The meetings were convened pursuant to an NCLT order dated June 18, 2026, and the resolutions were approved by the respective stakeholders. The filing provides procedural details but does not disclose the actual vote counts or percentages, making it impossible to assess the level of support or any dissent.

• · The NCLT order was passed on June 18, 2026, in Company Application CA(CAA)/43(CHE)/2026.
• · Remote e-voting for equity shareholders was open from August 2, 2026, 9:00 AM IST to August 4, 2026, 5:00 PM IST.
• · Secured and unsecured creditors voted via postal ballot at physical meetings held at the registered office in Chennai.
• · Public notice of the equity shareholder meeting was published on July 5, 2026, in 'The Indian Express' and 'Makkal Kural'.
• · The stock exchanges (BSE and NSE) issued observation letters on March 16, 2026, regarding the scheme.

07-08-2026

Omkar Speciality Chemicals Limited, which underwent Corporate Insolvency Resolution Process (CIRP) starting December 2022 and had a Resolution Plan approved by NCLT on 31 July 2025, has belatedly filed financial results for multiple periods from FY2022-23 through FY2024-25. The company has reported persistent losses across all periods, with revenue collapsing from ₹2,298.25 Lakhs in FY2021-22 to just ₹5.86 Lakhs in FY2023-24 and further declining to near zero in FY2024-25. While the new Board appointed from January 2026 has cleared the backlog of filings, the company's net worth remains deeply negative (₹-37,577.88 Lakhs as of March 2024) and operations have virtually ceased, though the financials are prepared on a going concern basis due to the approved resolution plan.

• · The company was admitted to CIRP on 5 December 2022 by NCLT Mumbai.
• · Resolution Plan by Kshitij Polyline Limited was approved by the Committee of Creditors (CoC) and then by Hon'ble NCLT on 31 July 2025.
• · New Board of Directors were appointed from 1 January 2026, after the Resolution Professional's powers ceased.
• · The company's net worth was negative ₹-37,577.88 Lakhs as of 31 March 2024.
• · Borrowings stood at ₹38,235.31 Lakhs as of 31 March 2024, up from ₹22,551.40 Lakhs as of 31 March 2022.
• · The auditors issued a qualified conclusion for all periods, citing losses and negative net worth, with an emphasis of matter on the NCLT-approved resolution plan.
• · Revenue from operations for the quarter ended 31 March 2025 was ₹0 Lakhs, indicating a complete halt in business activity.