India MCA Insolvency Liquidation Filings — October 16, 2026

16-10-2026

Hindware Home Innovation Limited disclosed that the National Company Law Tribunal (NCLT), Kolkata Bench, sanctioned the composite scheme of arrangement on October 14, 2026, under Sections 230-232 of the Companies Act, 2013. The scheme demerges the consumer products business into HHIL Limited and amalgamates the remaining business into Hindware Limited, with an appointed date of April 1, 2025. The scheme becomes effective only upon filing of the order with the Registrar of Companies, and certified copies of the order are still awaited.

• · NCLT order dated October 14, 2026 uploaded on the NCLT website on October 15, 2026
• · Scheme appointed date is April 1, 2025; remaining transferor company dissolves without winding up
• · Scheme effectiveness depends on filing of the NCLT order with the Registrar of Companies
• · Shareholder and unsecured creditor meetings were held on March 7, 2026, with the scheme approved by the requisite majority
• · Official Liquidator reported no complaints and found no conduct prejudicial to members or the public interest
• · BSE and NSE gave no adverse observation/no objection to the scheme in August 2025
• · Income Tax Authorities issued representations to Petitioner No. 1 and Petitioner No. 3, and the Regional Director, MCA also filed a representation

16-10-2026

GFL Limited disclosed that it received the certified true copy of the final order from the Hon'ble National Company Law Tribunal, Mumbai Bench, sanctioning the Scheme of Merger by Absorption of INOX Infrastructure Limited into GFL Limited under Sections 230 to 232 of the Companies Act, 2013. The Scheme has an Appointed Date of April 1, 2026, and the final order was pronounced following a hearing held on September 28, 2026. The filing is a procedural update on the implementation of the merger and contains no financial figures.

• · Certified true copy of the final NCLT order received on October 15, 2026
• · Scheme Appointed Date is April 1, 2026
• · NCLT hearing on the Scheme was held on September 28, 2026
• · INOX Infrastructure Limited is the Transferor Company; GFL Limited is the Transferee Company
• · Final order enclosed with the filing and uploaded on the company website

16-10-2026

Affle 3i Limited disclosed that the Hon'ble Supreme Court of India has granted a stay on the Corporate Insolvency Resolution Process (CIRP) pending before the National Company Law Tribunal (NCLT) against its investee Talent Unlimited Online Services Private Limited (Bobble). The company is hopeful the initiation of CIRP will be set aside on hearing of its pending Supreme Court appeal, and this follows Note 7 of its Q1 FY2027 results, where the impact on the carrying value of the Bobble investment was contingent on the appeal outcome.

• · The disclosure references Note 7 of the Q1 FY2027 Consolidated Financial Results dated August 8, 2026, where the impact on the carrying value of the Bobble investment was subject to the appeal outcome
• · The NCLT proceedings concerning Bobble were initiated as CIRP, which the company characterizes as wrongful
• · The filing is made under Regulation 30 of the SEBI (LODR) Regulations, 2015

16-10-2026

TV Vision Limited has intimated to BSE and NSE that the third meeting of its Committee of Creditors (CoC) under the ongoing Corporate Insolvency Resolution Process (CIRP) will be held on Monday, 19 October 2026. The notice was issued by the Resolution Professional, Alok Kumar Murarka, under Regulation 30 of the SEBI LODR Regulations and Para 16(g) of Part A of Schedule III. The filing contains no financial figures, outcomes, or resolution plan details.

• · Meeting type: Third meeting of the Committee of Creditors (03rd CoC meeting)
• · Meeting date: Monday, 19 October 2026
• · Governing framework: Insolvency and Bankruptcy Code, 2016 and CIRP Regulations, 2016
• · Resolution Professional registration: IBBI/IPA-001/IP-P-01934/2019-2020/13006
• · Exchange scrip code 540083 and symbol TVVISION

16-10-2026

Magnum Ventures Limited has disclosed that the Hon'ble NCLT, Allahabad Bench, Prayagraj, vide its order dated 22 September 2026, directed meetings of its equity shareholders, secured NCD holders, secured creditors and unsecured creditors to consider a proposed demerger scheme with Magnum Paperz Limited under Sections 230 and 232 of the Companies Act, 2013. The equity shareholder meeting is scheduled for 20 November 2026 at 11:30 A.M. through video conferencing, with remote e-voting from 16 November to 19 November 2026 and a cut-off date of 13 November 2026. Under the scheme, Magnum Ventures' equity capital is to be reduced by 70% and preference capital by 90%, while Magnum Paperz shares would be issued to shareholders on a 2:10 basis for equity and 9:10 for compulsorily redeemable preference shares.

• · Scheme requires approval from equity shareholders, secured NCD holders, secured creditors and unsecured creditors, subject to NCLT sanction and other authorities
• · Fairness Opinion provided by 3Dimension Capital Services Limited; share exchange ratio set by IBBI-registered valuer Ms. Mallika Goel
• · Scheme provides for transfer of all assets and liabilities (including tax liabilities) of the Demerged Undertaking to the Resulting Company on a going-concern basis, with employees transferring without break in service
• · BSE Limited designated as the Designated Stock Exchange for the Scheme
• · Shares of the Resulting Company (Magnum Paperz Limited) are un-listed; an abridged prospectus and due diligence report have been provided
• · Audited financial statements for FY ended 31 March 2026 and unaudited results for quarter ended 30 June 2026 were enclosed with the notice

16-10-2026

Baron Infotech Limited, under Corporate Insolvency Resolution Process (CIRP), has filed its first quarterly progress report from the Monitoring Committee on implementation of the Resolution Plan (covering 8 September 2026 to 30 September 2026) with the Hyderabad Bench of the NCLT. The NCLT took the report on record and disposed of the related application (IA (IBC) 1474/2026) on 16 October 2026. The filing contains no quantitative financial metrics, amounts, or period-over-period comparisons.

• · Petitioner in the underlying Section 7 IBC proceeding (Company Petition IB/164/7/HDB/2023) is Avantine Software Pvt Ltd
• · The reporting period for the first quarterly Monitoring Committee report is 8 September 2026 to 30 September 2026
• · The filing references the Erstwhile Resolution Professional, indicating a change in the insolvency professional role

16-10-2026

Balkrishna Paper Mills Limited disclosed that the National Company Law Tribunal (Mumbai) admitted its petition (C.P. No. 214 of 2026) on 14 October 2026 for reduction of share capital under Section 66 of the Companies Act, 2013. The company, which currently has no major business operations, proposes to write off accumulated losses of Rs. 52,28,37,029 (Rs. 52.28 Crore) by utilising Securities Premium of Rs. 23,28,61,241 (Rs. 23.28 Crore) and reducing equity face value from Rs. 10 to Re. 1, while also reducing its entire Rs. 110,00,00,000 (Rs. 110 Crore) 6.5% preference share capital, with the consideration treated as an unsecured non-interest-bearing loan until funds are available. Accumulated losses stood at Rs. 2,78,39,19,643 (Rs. 278.39 Crore) as at 30 September 2025, and the company is evaluating new business opportunities including real estate.

• · Equity shareholder approval obtained via postal ballot on 02.07.2026; preference shareholder approval on 19.06.2026
• · Board approved the special resolution on 23.12.2025; statutory auditor certificate obtained on the same date
• · Creditors have three months from notice receipt to object, failing which no objection is presumed
• · Regional Director, ROC, SEBI, stock exchanges and Income Tax authorities must be served notice with a three-month objection window
• · Public notice of hearing to be published in Business Standard and Navshakti within seven days of the order
• · Next hearing scheduled for 21.01.2027
• · Company states the reduction will not affect equity shareholding percentages or creditor and employee obligations
• · Company has no major business operations currently and is considering new opportunities including real estate

16-10-2026

Polycab India Limited disclosed under Regulation 30 of SEBI (LODR) Regulations that its appeal in the matter of Asier Metals Private Limited vs. Polycab India Limited was listed on October 15, 2026 before the Hon'ble NCLAT, Principal Bench, New Delhi. The tribunal has heard the matter and reserved its order, and the company will inform the exchanges upon receipt of the order. This is a follow-up to intimations dated October 07, 08, 09 and 14, 2026.

• · NCLAT hearing listed on October 15, 2026, Principal Bench, New Delhi
• · Order reserved; no outcome disclosed yet
• · Prior intimations made on October 07, 08, 09 and 14, 2026

16-10-2026

SKIL Infrastructure Limited, under Corporate Insolvency Resolution Process (CIRP) before the Hon'ble NCLT Mumbai (order dated 1 February 2024), disclosed that the Fourteenth meeting of its Committee of Creditors (CoC), which commenced on October 15, 2026 at 4:00 PM, has been adjourned to October 21, 2026 at 3:00 PM. The filing is an administrative intimation by the Resolution Professional, Purusottam Behera, and references an earlier disclosure dated October 13, 2026. No financial figures, resolution plan terms, or creditor voting outcomes are disclosed in this filing.

• · CoC meeting adjourned from October 15, 2026 (4:00 PM) to October 21, 2026 (3:00 PM)
• · CIRP initiated under NCLT Mumbai order dated February 1, 2024
• · Filed under Regulation 30 and Schedule III of SEBI LODR Regulations, 2015
• · Resolution Professional's AFA registration valid till December 31, 2026

16-10-2026

A-One Steels India Ltd has disclosed that the NCLT Bengaluru Bench recorded a settlement of the Section 9 insolvency petition (CP (IB) No. 34/BB/2026) filed by Shri Khatu Shyam Ispat Udyog LLP. The matter was settled for Rs. 3,80,00,000 (Rs. 3.80 Crore) payable in two equal instalments of Rs. 1,90,00,000 each, with the first already paid on October 15, 2026 and the second due by end of October 2026. The NCLT has listed the matter for November 06, 2026 to report implementation and dispose of the case; the company states no major financial impact beyond the settlement payment.

• · Case: CP (IB) No. 34/BB/2026 under Section 9 of the I&B Code, 2016, before NCLT Bengaluru Bench
• · Settlement order dated October 14, 2026; uploaded to NCLT website October 15, 2026 (the company's letter references 'October 14, 2015' in the order description, which appears to be a typographical error)
• · Matter listed for November 06, 2026 for reporting implementation of settlement and disposal, failing which hearing on admission
• · Company states no compensation or penalty was paid and no major impact on financial position given company size, apart from the settlement payment