India NCLT Insolvency Resolution Filings — July 08, 2026

08-07-2026

Sikozy Realtors Limited has received NCLT and ROC approval for a Scheme of Arrangement to reduce its equity share capital by 90%, cancelling 4,01,24,700 equity shares of ₹1 each to set off accumulated losses of ₹4,01,24,700 against total accumulated losses of ₹6,03,74,113. The record date for the reduction is fixed as July 22, 2026. While this financial restructuring aims to present a leaner balance sheet and enable future fundraising, it reflects the company's significant past losses and does not address ongoing operational performance.

• · The NCLT order was dated 18 June 2026 (Order No. C.P 33 (MB) 2026) and registered with ROC on 2 July 2026.
• · Record date for the capital reduction is fixed as Wednesday, July 22, 2026.
• · No fractional shares will be issued; fractional entitlements will be aggregated and sold in the open market by the appointed trustee, Mrs. Manisha Mangesh Kesarkar.
• · The company was originally incorporated as Griffin Chemicals Limited on 23 July 1992 and changed its name to Sikozy Realtors Limited on 26 May 2009.
• · The reduction is intended to enable future fundraising for expansion programs requiring both equity and debt investment.

08-07-2026

Ansal Properties & Infrastructure Limited has provided prior intimation that the 54th Meeting of the Committee of Creditors for its 'Fernhill project' in Gurgaon, Haryana, is scheduled for July 10, 2026. The Corporate Insolvency Resolution Process (CIRP) has been confined to the Lucknow and Rajasthan projects per a settlement agreement, while the Fernhill project and the Serene Residency Group Housing Project in Greater Noida remain under separate resolution professional management. Notably, the Serene Residency project's resolution plan was approved by NCLT on October 6, 2025, indicating progress, but the ongoing multiple CIRP proceedings highlight continued financial distress.

• · The CIRP was initially admitted on November 16, 2022, by NCLT New Delhi Bench, Court-II.
• · The NCLAT order dated January 7, 2026, confined CIRP to Lucknow and Rajasthan projects under a settlement agreement dated March 3, 2022.
• · The Serene Residency project's resolution plan was approved by NCLT on October 6, 2025.
• · The Fernhill project is managed separately under its own resolution professional.

08-07-2026

Vas Infrastructure Ltd has informed the stock exchange about the 26th meeting of its Committee of Creditors (CoC), scheduled for July 9, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The notice was filed by the Resolution Professional, Ashok Kumar Golechha, under SEBI LODR regulations. No financial results or specific resolutions from the meeting have been disclosed in this filing.

• · The company is under CIRP (Corporate Insolvency Resolution Process).
• · Resolution Professional Ashok Kumar Golechha holds IBBI Registration No. IBBI/IPA-002/IP-N000932/2019-20/12973.
• · The meeting is the 26th CoC meeting, indicating an extended insolvency process.
• · No details on the agenda or proposed resolution plan were provided in this notice.

08-07-2026

Six acquirers (Hariram Vibhuti Upadhyay, Manav Kishore Teli, Manish Hariram Upadhya, Neetu Sachidanand Upadhyay, Sandesh Pujari, Shakuntla Hariram Upadhyay) acquired equity shares of Lord's Mark Industries Limited totaling approximately 1.94% of diluted share capital on June 23, 2026, in reliance on the exemption from making an open offer under Regulation 10(1)(da) of the SEBI Takeover Code. The acquisitions were made pursuant to a resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016 and a scheme of amalgamation approved by the NCLT Mumbai Bench on July 28, 2025. No consideration was disclosed as shares were allotted under court-approved plans.

• · The acquisitions were exempt from open offer requirements under Regulation 10(1)(da) of the SEBI Takeover Regulations, 2011.
• · No pre-acquisition shareholding existed for any of the acquirers; all shares were acquired post-transaction.
• · The NCLT order approving the resolution plan and scheme of amalgamation was dated July 28, 2025.

08-07-2026

The National Company Law Tribunal (NCLT) Mumbai Bench has admitted an insolvency petition filed by Resurgent India Special Situations Fund against Future Consumer Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditor claims a default of ₹263,77,00,000 (₹263.77 Crore) as of June 30, 2025, arising from non-convertible debentures issued by the company. The order was pronounced on July 8, 2026, and a detailed order has been uploaded on the NCLT portal.

• · The petition was originally filed on 20.08.2025 under case number C.P. (IB) No.914/MB/2025.
• · The proposed Interim Resolution Professional is Aegis Resolution Services Private Limited (IBBI/IPE-0118/IPA-1/2022-23/50041) with valid AFA till 30.06.2027.
• · Security interests created include mortgage over land parcels in Tumkur, Karnataka (totaling over 114 acres), hypothecation of the 'Golden Harvest' brand, pledge over shares of IFPPL and FCL Tradevest, and a personal guarantee from Mr. Kishore Biyani.
• · The debenture trustee had conditionally waived defaults for periods ending 15.05.2022 and 15.08.2022, subject to payment by 01.12.2023.
• · The company is a listed entity of the Future Group, engaged in FMCG, food and processed food products.

08-07-2026

Vikas WSP Ltd., currently under Corporate Insolvency Resolution Process (CIRP), disclosed that on July 8, 2026, the NCLT Chandigarh Bench heard IA (I.B.C.) No. 764/2022 regarding cooperation from respondents, taking affidavits on record and reserving the order. However, due to time constraints, the resolution plan approval application (IA No. 1538/2022) was not taken up, and the matter has been adjourned to July 15, 2026, indicating continued delays in the resolution process.

• · The company has been under CIRP since February 2, 2022, with the powers of the board vested in the Resolution Professional.
• · The next hearing for the resolution plan approval application is scheduled for July 15, 2026.
• · The order on IA (I.B.C.) No. 764/2022 (cooperation application) has been reserved by the NCLT.