Executive Summary
The June 18, 2026, insolvency filings reveal a deeply stressed corporate landscape in India, with 8 of 18 filings directly related to IBC/NCLT proceedings. A key theme is the extension of Corporate Insolvency Resolution Processes (CIRPs), with Unitech International seeking a 60-day extension and Reliance Home Finance rescheduling its 11th CoC meeting, signaling prolonged resolution timelines.
The admission of Space Incubatrics Technologies into CIRP for a ₹1.19 crore default highlights the IBC's continued use as a recovery tool for small-ticket defaults. On the restructuring front, three companies (Praveg, Warren Tea, Ekam Leasing) are pursuing NCLT-directed schemes of amalgamation, indicating a trend of corporate simplification. The Ansal Properties case remains a complex, multi-project CIRP with ongoing litigation, while Morarjee Textiles has successfully implemented a resolution plan, leading to a board reconstitution. Outside the core insolvency theme, Tata Motors' price hike signals input cost pressures, and Wipro's small but strategic acquisition in the insurance sector shows selective capital deployment. The overall sentiment is predominantly negative or neutral, with a materiality-weighted focus on the distressed entities.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Insolvency · Company update · Board meeting · Corporate action
Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from June 17, 2026.
Investment Signals (10)
- Wipro Limited ↓ (BULLISH)▲
Acquiring additional 20% stake in Aggne Global IT Services for USD 2.1M, increasing total holding to 80%. Aggne's revenue grew 45.5% from USD 18.9M (FY24) to USD 27.5M (FY26). This is a small, strategic bolt-on to strengthen AI/IP capabilities in the Property & Casualty Insurance sector.
- Tata Motors ↓ (BULLISH)▲
Announced a price increase of up to 2.5% on its CV range from July 1, 2026, to offset rising commodity costs. This indicates pricing power and an ability to pass on input cost inflation, a positive signal for margins in a challenging environment.
- Space Incubatrics Technologies ↓ (BEARISH)▲
NCLT admitted a CIRP petition for a default of just ₹1.19 crore. The company acknowledged the debt but sought a one-year extension, which was denied. This signals severe financial distress and a lack of liquidity for even small obligations.
- Unitech International ↓ (BEARISH)▲
The 11th CoC meeting approved a 60-day CIRP extension, and the sole financial creditor (Bank of Maharashtra) is yet to appoint an agency for resolution plan vetting. This indicates a stalled resolution process and deepening creditor distress.
- Reliance Home Finance ↓ (BEARISH)▲
The 11th CoC meeting was rescheduled from June 15 to June 24, 2026. Repeated rescheduling of CoC meetings is a negative signal, suggesting a lack of consensus or progress in the resolution process.
- Morarjee Textiles ↓ (BULLISH)▲
Implementation of the NCLT-approved resolution plan led to the cessation of four directors, including two Whole-Time Directors. This marks a successful conclusion of the CIRP and a fresh start for the company under new management, a rare positive outcome in the IBC process.
- Ansal Properties & Infrastructure ↓ (BEARISH)▲
The 53rd CoC meeting for the Fernhill Project approved CIRP expenses of only ₹61,069.41 for a 2-month period. The CIRP is now confined to Lucknow and Rajasthan projects per NCLAT order, while a separate resolution plan for the Serene Residency project has been approved. This complex, multi-project structure creates significant uncertainty for creditors.
- IDBI Bank ↓ (NEUTRAL)▲
Responded to a BSE query on a significant volume increase, stating no undisclosed price-sensitive information. The strategic disinvestment process remains the key catalyst, but the clarification provides no new timeline or progress update, maintaining the status quo.
- Ekam Leasing & Finance ↓ (NEUTRAL)▲
Convening a shareholder meeting on July 24, 2026, to approve amalgamation of its wholly owned subsidiaries. No shares will be issued, simplifying the corporate structure. This is a non-event for minority shareholders but indicates efficient corporate restructuring.
- Palco Metals ↓ (NEUTRAL)▲
Received NCLT approval for the first motion of its scheme of amalgamation with its wholly owned subsidiary, Palco Recycle Industries. The scheme aims to consolidate operations, but shareholder approval was only 75.39% (below the 90% threshold for a fast-track merger), adding procedural complexity.
Risk Flags (8)
- Unitech International / CIRP Stagnation↓ [HIGH RISK]▼
The 11th CoC meeting approved a 60-day extension, and the sole financial creditor (Bank of Maharashtra) has not yet appointed an agency to vet resolution plans. This indicates a stalled process with no clear path to resolution, increasing the risk of liquidation.
- Reliance Home Finance / CoC Rescheduling↓ [HIGH RISK]▼
The 11th CoC meeting was rescheduled from June 15 to June 24, 2026. Repeated delays in CoC meetings are a red flag for a lack of progress or internal disagreements among creditors.
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The company was admitted to CIRP for a default of just ₹1.19 crore. This highlights extreme financial fragility and a complete inability to service even minor debt obligations, suggesting a terminal decline.
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The CIRP is confined to specific projects (Lucknow and Rajasthan) per NCLAT order, while another project (Serene Residency) has a separate approved plan. This fragmented structure creates legal and operational complexity, increasing the risk of prolonged litigation and lower recovery for creditors.
- Tata Motors / Input Cost Pressure↓ [MEDIUM RISK]▼
The company announced a price hike of up to 2.5% to offset rising commodity prices. While indicating pricing power, it also confirms that input cost inflation is a material headwind that could compress margins if demand weakens.
- IDBI Bank / Volume Spike Without Catalyst↓ [MEDIUM RISK]▼
BSE sought clarification on a significant increase in trading volume, but the bank confirmed no pending price-sensitive information. This could indicate speculative activity or potential information leakage, creating uncertainty.
- Palco Metals / Shareholder Approval Hurdle↓ [MEDIUM RISK]▼
The scheme of amalgamation failed to meet the 90% shareholder approval threshold for a fast-track merger under Section 233, achieving only 75.39% approval. This adds procedural steps and potential delays to the restructuring process.
- Praveg Limited / Amalgamation Uncertainty↓ [LOW RISK]▼
The scheme of amalgamation with Eulogia Inn Private Limited is subject to shareholder approval on July 18, 2026. While the NCLT has directed the meeting, the outcome is uncertain, and the rationale for the merger is not disclosed.
Opportunities (8)
- Wipro / Strategic Bolt-on Acquisition↓ (OPPORTUNITY)◆
The acquisition of an additional 20% stake in Aggne Global IT Services for a modest USD 2.1M provides a cost-effective entry into the high-growth Property & Casualty Insurance sector. Aggne's revenue grew 45.5% over two years, and the deal strengthens Wipro's AI/IP capabilities.
- Morarjee Textiles / Post-Resolution Turnaround↓ (OPPORTUNITY)◆
The successful implementation of the NCLT-approved resolution plan and board reconstitution marks a fresh start. Investors should monitor the new management's strategy and operational turnaround, potentially offering a deep-value opportunity.
- Ekam Leasing & Finance / Corporate Simplification↓ (OPPORTUNITY)◆
The amalgamation of wholly owned subsidiaries without issuing new shares is a clean, value-neutral restructuring that simplifies the corporate structure. This could lead to improved operational efficiency and transparency.
- Palco Metals / Operational Consolidation↓ (OPPORTUNITY)◆
The amalgamation with its wholly owned subsidiary, Palco Recycle Industries, aims to streamline corporate structure and consolidate operations. This could lead to cost synergies and improved operational efficiency.
- Tata Motors / Pricing Power Play↓ (OPPORTUNITY)◆
The ability to announce a price hike of up to 2.5% in a competitive CV market demonstrates strong pricing power. If demand remains robust, this could protect or even expand margins, making it a relative outperformer in the auto sector.
- Ansal Properties / Potential Resolution Catalyst↓ (OPPORTUNITY)◆
While complex, the confinement of the CIRP to specific projects and the separate approval of the Serene Residency plan could pave the way for a more focused resolution. A successful resolution for the remaining projects could unlock significant value for creditors and potentially for equity holders in a distressed scenario.
- Praveg Limited / Amalgamation Synergies↓ (OPPORTUNITY)◆
The proposed amalgamation with Eulogia Inn Private Limited could unlock operational synergies and create value if the businesses are complementary. The outcome of the shareholder meeting on July 18, 2026, is a key catalyst to watch.
- Warren Tea / Diversification via Amalgamation↓ (OPPORTUNITY)◆
The scheme of amalgamation with Maple Hotels & Resorts Limited represents a significant diversification away from the tea business into hospitality. If approved, this could create a new growth trajectory and re-rate the stock.
Sector Themes (6)
- Prolonged CIRP Timelines◆
Multiple filings (Unitech International, Reliance Home Finance) show CIRPs extending beyond initial timelines, with CoC meetings being rescheduled or seeking extensions. This highlights the systemic challenge of slow resolution under the IBC, increasing creditor costs and asset value erosion.
- Small-Ticket Defaults Driving CIRP◆
The admission of Space Incubatrics Technologies for a ₹1.19 crore default demonstrates that the IBC is being used aggressively by financial creditors for even relatively small defaults, putting immense pressure on financially fragile companies.
- Corporate Restructuring via Amalgamation◆
A significant number of filings (Praveg, Warren Tea, Palco Metals, Ekam Leasing) involve NCLT-directed schemes of amalgamation. This indicates a trend of companies using the IBC framework for voluntary corporate restructuring and simplification, often involving wholly owned subsidiaries.
- Input Cost Inflation Impact◆
Tata Motors' price hike announcement is a clear signal that rising commodity prices are a material headwind for manufacturing companies. This theme is likely to be echoed across other sectors, impacting margins and pricing strategies.
- Selective Capital Deployment by IT Majors◆
Wipro's small, strategic acquisition in a niche insurance tech space contrasts with the broader insolvency theme. It shows that cash-rich companies are making targeted bets on high-growth areas (AI, IP-led transformations) rather than large-scale M&A.
- Complex, Multi-Project CIRPs◆
The Ansal Properties case exemplifies the complexity of CIRPs for real estate companies with multiple projects. The NCLAT's decision to confine the CIRP to specific projects creates a fragmented resolution process, setting a precedent that could be followed in other real estate insolvencies.
Watch List (8)
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Watch the outcome of the July 18, 2026, meeting to approve the Scheme of Amalgamation with Eulogia Inn Private Limited. Approval is a key step towards corporate restructuring.
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The rescheduled meeting on June 24, 2026, is critical. Any further delays or failure to reach a consensus on a resolution plan will be a major negative signal.
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Monitor the NCLT's decision on the 60-day extension application. Also watch for the appointment of an agency to vet resolution plans by Bank of Maharashtra, which is a key milestone.
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The newly appointed IRP, Mr. Dinesh Chander Gupta, will be key. Watch for the formation of the CoC and the first steps in the CIRP process.
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Monitor sales volumes for July 2026 onwards to gauge demand elasticity following the price hike. This will be a key indicator of the company's pricing power and margin trajectory.
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The transaction is expected to close by June 30, 2026. Watch for the completion announcement and any further details on integration plans and revenue synergies.
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Monitor the outcome of the ongoing litigation before NCLT regarding the maintainability of certain applications. This will determine the future scope and timeline of the CIRP.
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Watch for the first communications from the reconstituted board regarding the company's future strategy, capital structure, and operational plans post-resolution.
Filing Analyses
(18)
18-06-2026
Praveg Limited has convened a meeting of equity shareholders on July 18, 2026, via video conferencing, to consider and approve a Scheme of Amalgamation with Eulogia Inn Private Limited, as directed by the NCLT Ahmedabad Bench. The meeting follows an NCLT order dated June 4, 2026, and includes remote e-voting from July 15 to July 17, 2026. No financial figures or performance metrics are disclosed in this filing, so no positive or negative trends can be assessed.
- · NCLT order date: June 4, 2026
- · Meeting date: July 18, 2026 at 2:30 PM IST
- · Remote e-voting period: July 15, 2026 (9:00 AM) to July 17, 2026 (5:00 PM)
- · Cut-off date for e-voting: July 11, 2026
- · Cut-off date for sending notice: June 13, 2026
- · Notice sent on June 17, 2026
- · Scheme involves amalgamation of Eulogia Inn Private Limited (Transferor Company) into Praveg Limited (Transferee Company)
- · Valuation report dated April 23, 2025 by Mr. Bhavin R Patel
- · Fairness opinion dated April 23, 2025 by Swaraj Shares & Securities Private Limited
- · Observation letter from BSE dated January 21, 2026
- · Scheme subject to approval by requisite majority of equity shareholders and subsequent NCLT approval
18-06-2026
IDBI Bank Ltd. responded to a BSE query regarding a significant increase in trading volume of its shares, stating that there is no undisclosed price-sensitive information or impending announcement. The bank reiterated that the strategic disinvestment process is being handled by DIPAM and that all relevant disclosures have been made to the exchanges.
- · The clarification was requested by BSE via letter Ref. No. L/SURV/ONL/PV/SG/2026-2027/155 dated June 18, 2026.
- · The bank confirms compliance with SEBI LODR Regulations, 2015, and states no pending price-sensitive information.
18-06-2026
Wipro announced the successful completion of a large-scale, multi-year data center migration program for METRO AG, enabling a cloud-first and AI-ready IT landscape. The program, which builds on a strategic partnership announced in December 2020 and extended in June 2025, has migrated METRO's IT operations from legacy data centers to a multi-cloud ecosystem and enabled intelligent automation. No financial details or performance metrics were disclosed in the filing.
- · The partnership with METRO AG was initially announced in December 2020 and extended in June 2025.
- · The program enabled intelligent automation across METRO's key operational areas, including user lifecycle management, using Wipro Intelligence™.
- · Wipro applied advanced AI-driven engineering tools to accelerate software development cycles, enhance code quality, and enable faster issue resolution.
- · Tara Brady of Google Cloud called METRO's data center exit 'a benchmark for enterprise modernization across Europe.'
18-06-2026
TTK Prestige Limited has informed the stock exchanges that a Board Meeting will be held on July 28, 2026, to consider and approve the unaudited financial results for the first quarter ended June 30, 2026. The trading window for designated persons will remain closed from July 1, 2026, to July 30, 2026, in compliance with insider trading regulations.
- · Board Meeting date: July 28, 2026
- · Trading window closure period: July 1, 2026 to July 30, 2026 (both days inclusive)
- · Purpose of meeting: Approval of unaudited financial results for Q1 ended June 30, 2026
- · Designated persons and their immediate relatives are prohibited from trading during the closure period
18-06-2026
Warren Tea Limited held a meeting of equity shareholders on June 18, 2026, pursuant to an NCLT order dated April 28, 2026, to approve a Scheme of Amalgamation with Maple Hotels & Resorts Limited. The meeting was conducted via video conference and included remote e-voting from June 15 to June 17, 2026. The results will be declared within two working days and submitted to the NCLT within four weeks.
- · Meeting was held on June 18, 2026 at 11:30 AM IST
- · NCLT order date: April 28, 2026
- · Remote e-voting period: June 15, 2026 (9:00 AM) to June 17, 2026 (5:00 PM)
- · Newspaper advertisements published in Business Standard (English) and Aajkaal (Bengali) on May 19, 2026
- · Meeting concluded at 11:43 AM IST
- · Scrutinizer's report will be declared within two working days
- · Report to NCLT will be submitted within four weeks from the meeting date
18-06-2026
TTK Prestige Limited has announced a record date of July 29, 2026, for its 70th Annual General Meeting (AGM) scheduled on August 4, 2026, and for the payment of a dividend, subject to shareholder approval. The dividend, if declared, will be paid on or after August 18, 2026. No financial results or performance metrics are disclosed in this filing.
- · Record date for AGM and dividend: July 29, 2026
- · AGM date: August 4, 2026
- · Dividend payment date (if declared): on and from August 18, 2026
- · Share transfer books will remain closed on July 29, 2026
18-06-2026
Wipro Limited announced it will acquire an additional 20% stake in Aggne Global IT Services Private Limited, increasing its total shareholding to 80%. The transaction, valued at USD 2.1 million in cash, is expected to close by June 30, 2026, and aims to strengthen Wipro's competitive advantage in the Property & Casualty Insurance sector through AI and IP-led transformations. While Aggne's revenue has grown steadily from USD 18.9 Mn (FY24) to USD 27.5 Mn (FY26), the acquisition cost is relatively modest, and no regulatory approvals are required.
- · The initial 60% stake acquisition was completed on February 14, 2024.
- · The target entity operates in the Information Technology, consulting, and managed services industry for the Property & Casualty Insurance sector.
- · The acquisition does not fall under related party transactions, and no promoter/group interest is involved.
- · No government or regulatory approvals are required for this transaction.
- · A separate disclosure will be made if Wipro acquires any further stake beyond 80%.
18-06-2026
Unitech International Ltd has scheduled its 11th Committee of Creditors (CoC) meeting on June 18, 2026, at 4:00 PM via video conferencing, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company is under the resolution professional Mr. Nitin Narang. No financial results or performance metrics are disclosed in this filing.
- · The company is under CIRP and the 11th CoC meeting is scheduled for June 18, 2026.
- · The resolution professional's IBBI registration number is IBBI/IPA-002/IP-N00828/2019-2020/12629.
- · The resolution professional's AFA is valid until June 30, 2026.
18-06-2026
Unitech International Ltd, under Corporate Insolvency Resolution Process (CIRP), held its 11th Committee of Creditors (CoC) meeting on June 18, 2026. The CoC approved filing an application with the NCLT for a further 60-day extension of the CIRP period, and the sole financial creditor, Bank of Maharashtra, assured the Resolution Professional that it will expedite approval for appointing an agency to vet resolution plans and conduct due diligence under Section 29A of the IBC.
- · The 11th CoC meeting was conducted via video conferencing on June 18, 2026 at 4:00 PM.
- · Bank of Maharashtra is the sole financial creditor in the CIRP.
- · The Resolution Professional's IBBI registration is valid until June 30, 2026.
- · The company's registered office is in Mumbai, and the Resolution Professional is based in New Delhi.
18-06-2026
ICICI Bank Limited has disclosed a schedule for an investor meet (JM Financial India Finance Forum) scheduled for June 23, 2026, in in-person group mode, as per regulatory requirements under SEBI LODR. No financial results or material business updates were provided in this filing.
- · The filing is a disclosure under Regulation 30 and Regulation 46(2) of SEBI LODR Regulations, 2015.
- · The investor meet is scheduled for June 23, 2026, as part of the JM Financial India Finance Forum.
- · The bank will refer to publicly available documents for discussions during the interaction.
18-06-2026
Morarjee Textiles Limited informed the exchanges that four directors, including two Whole-Time Directors (Mr. Harshvardhan Ashok Piramal and Mr. Kishor Krushnaji Dhage) and two Independent Directors (Mr. Devesh Harishchandra Dadheech and Mr. Archit Mohan Jayakar), ceased to hold office effective June 9, 2026. This cessation is pursuant to the implementation of the Resolution Plan approved by the NCLT Mumbai Bench on May 11, 2026 under the Insolvency and Bankruptcy Code, 2016, and the consequent reconstitution of the Board. No financial figures are provided in the filing, and no period-over-period comparisons are available.
- · The cessation is effective from June 9, 2026.
- · The NCLT Mumbai Bench approved the Resolution Plan on May 11, 2026 in IA(IBC)(Plan)/45/MB/2025 in Company Petition No. CP (IB) No.1318 of 2022.
- · All four directors also ceased to be members of all board committees of the company.
- · No new directors are appointed in this filing; only cessation is reported.
18-06-2026
The National Company Law Tribunal (NCLT) Allahabad Bench has admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Avail Financial Services Limited against Space Incubatrics Technologies Limited, initiating Corporate Insolvency Resolution Process (CIRP) for an alleged default of ₹1,19,04,508/-. The default date is stated as 12th July 2025, and the Corporate Debtor has acknowledged the debt and default but sought a one-year extension to repay, which was denied. Mr. Dinesh Chander Gupta has been appointed as the Interim Resolution Professional (IRP).
- · The loan agreement was dated 13th January 2025, with disbursement on 13th and 14th January 2025.
- · The NeSL certificate under Form D reflects the status of authentication of default as 'deemed to be authenticated' with the date of default as 12th July 2025.
- · The IRP's AFA (Authorization for Assignment) is valid until 31st December 2026.
- · The next hearing for filing the progress report is scheduled for 14th July 2026.
- · The Financial Creditor is directed to deposit ₹1,00,000 with the IRP to meet expenses, subject to adjustment by the Committee of Creditors.
18-06-2026
Tata Motors Limited announced a price increase of up to 2.5% across its commercial vehicle range, effective July 1, 2026, to partially offset rising commodity prices and input costs. The increase will vary by model and variant.
- · Price increase effective from 1 July 2026.
- · Price increase is to partially offset rising commodity prices and other input costs.
- · The increase will vary depending on the model and variant.
- · Company name changed from TML Commercial Vehicles Limited to Tata Motors Limited effective 29 October 2025.
- · Company is part of the USD 180 billion Tata Group.
- · Equity shares listed under BSE scrip code 544569 and NSE scrip code TMCV.
18-06-2026
Palco Metals Limited (Transferee Company) has received an order from the Hon'ble NCLT, Ahmedabad Bench, dated 16th June 2026, allowing the First Motion Application for the proposed Scheme of Arrangement and Amalgamation with its wholly owned subsidiary, Palco Recycle Industries Limited (Transferor Company). The NCLT has directed the convening of meetings of equity shareholders of Palco Metals, secured and unsecured creditors of Palco Recycle Industries, and unsecured creditors of Palco Metals within 45 days of the order. The scheme, with an appointed date of 01.04.2025, aims to streamline corporate structure and consolidate operations, but remains subject to shareholder and creditor approvals and final NCLT sanction.
- · The appointed date for the scheme is 01.04.2025.
- · The Transferor Company (Palco Recycle Industries) is a wholly owned subsidiary of the Transferee Company (Palco Metals), holding 100% paid-up share capital.
- · The scheme was initially filed under Section 233 of the Companies Act, 2013, but the requisite 90% shareholder approval was not met; only 75.33% of shareholders attended the EGM, and the scheme was approved by 100% of those present (75.39% of total equity).
- · No valuation report is required as the Transferor Company is a wholly owned subsidiary.
- · The scheme is exempt from obtaining a no-objection letter from stock exchanges under Regulation 37(6) of SEBI LODR as it involves amalgamation of a wholly owned subsidiary with its holding company.
- · Neither company is an NBFC, and no notice to RBI or CCI is required.
- · Meetings must be convened within 45 days of the order (i.e., by 31st July 2026), and the chairman's report must be filed within 7 days of the meeting.
- · Advertisement for meetings to be published in 'Jai Hind Gujarati' (Ahmedabad edition) and 'Business Standard' (English).
18-06-2026
Ansal Properties & Infrastructure Limited (APIL) filed minutes of the 53rd Committee of Creditors (CoC) meeting for its Fernhill Project, Gurugram, held on June 15, 2026. The meeting achieved 100% voting rights attendance and approved expenses of ₹61,069.41 incurred during the CIRP period from March 16 to May 10, 2026. The filing also notes ongoing litigation before NCLT, with the court directing parties to file affidavits on maintainability of certain applications, while the NCLAT has confined the CIRP to Lucknow and Rajasthan projects under a settlement agreement.
- · The CIRP for APIL was originally admitted on November 16, 2022, but has been confined to the Fernhill Project per NCLAT order dated January 13, 2023.
- · As of June 2026, the CIRP has been further confined to Lucknow and Rajasthan projects per NCLAT order dated January 7, 2026, based on a settlement agreement of March 3, 2022 between IL&FS Financial Services and APIL.
- · The Serene Residency Group Housing Project in Greater Noida has had its resolution plan approved by NCLT on October 6, 2025, and is managed separately by RP Navneet Kumar Gupta.
- · The suspended board of directors did not attend the 53rd CoC meeting despite receiving proper notice.
- · Ongoing litigations before NCLT include IAs 950/ND/2026, 1352/ND/2025, 5451/ND/2025, 1342/ND/2026, and 2132/ND/2026, with the court directing parties to file affidavits on maintainability.
- · Home buyer voting turnout was 79.22% of eligible allottees, with 98.22% voting in favor of the resolution.
- · The resolution professional's team is based in Chandigarh.
- · The notice for the 53rd CoC meeting was sent only 4 days in advance (June 11, 2026), which is relatively short.
18-06-2026
The filing is a clarification sought by BSE from IDBI Bank Ltd regarding a corporate action. No specific corporate action (dividend/bonus/split/buyback/rights) has been announced or disclosed in this clarification. The filing contains no financial metrics, dates, or operational data. BSE sought clarification, but IDBI Bank's response is not provided, making it impossible to assess any corporate action or financial health signals.
- · No corporate action has been announced or disclosed in this filing.
- · No financial metrics, percentages, or numbers are mentioned.
- · No scheduled events (board meetings, record dates, AGMs) are provided.
- · No insider trading or promoter activity is disclosed.
- · The filing lacks any response from IDBI Bank, making analysis incomplete.
18-06-2026
Reliance Home Finance Limited (RHFL) is undergoing Corporate Insolvency Resolution Process (CIRP). The 11th meeting of the Committee of Creditors (CoC) originally scheduled for June 15, 2026 has been rescheduled to June 24, 2026 via video conferencing. The resolution professional is Umesh B. Sonkar.
- · CIRP initiated per intimation dated September 20, 2025
- · 11th CoC meeting rescheduled from June 15, 2026 to June 24, 2026
- · Meeting mode: Video Conferencing
- · Resolution Professional registration: IBBI/IPA-001/IP-P-02619/2021-2022/14043
18-06-2026
Ekam Leasing & Finance Co. Ltd. has convened a meeting of equity shareholders on July 24, 2026, via video conferencing, to seek approval for the scheme of amalgamation of its wholly owned subsidiaries Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited into itself, as directed by the NCLT. No equity shares or other securities will be issued since the transferor companies are wholly owned subsidiaries. The appointed date for the amalgamation is April 1, 2025.
- · The NCLT order directing the meeting was passed on May 8, 2026.
- · Remote e-voting will be open from July 20, 2026 at 9:00 AM IST to July 23, 2026 at 5:00 PM IST.
- · No equity shares or other securities will be issued by the transferee company under the scheme.
- · The appointed date for the amalgamation is April 1, 2025.
- · BSE Limited is the designated stock exchange for the scheme.
- · The meeting will be held through video conferencing; proxy attendance is not available.
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