India NCLT Insolvency Resolution Filings — August 20, 2026

20-08-2026

Ganesh Benzoplast Limited announced that the Supreme Court of India has dismissed an appeal by Progfin Private Limited seeking to initiate corporate insolvency resolution proceedings against the company. The dismissal, dated August 18, 2026, upholds prior orders by the NCLT (September 1, 2025) and NCLAT (June 30, 2026), which had also rejected the petition. The company has stated there are no expected financial implications from this litigation.

• · The original Section 7 petition was filed by Progfin before the NCLT, Mumbai Bench, alleging default on credit facilities extended to GBL Chemical Limited, for which Ganesh Benzoplast had issued a corporate guarantee.
• · The NCLT dismissed the petition on September 1, 2025.
• · The NCLAT dismissed Progfin's appeal on June 30, 2026.
• · The Supreme Court dismissed the final appeal on August 18, 2026, ruling that Progfin did not have a good ground to appeal.
• · The company has disclosed no expected financial implications, compensation, or penalties from this matter.

20-08-2026

Promoters Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited acquired 50,00,000 equity shares (94.87% of diluted voting capital) of Blue Blends (India) Ltd via preferential allotment on August 18, 2026. The acquisition was executed pursuant to an approved resolution plan under the Insolvency and Bankruptcy Code, 2016, with orders from the NCLT Mumbai Bench and NCLAT New Delhi. Post-acquisition, the promoters hold 94.87% of the company's total diluted voting capital, up from 0% prior.

• · The acquisition was made via preferential allotment at face value of Rs. 10 per share.
• · The resolution plan was approved by NCLT Mumbai Bench on December 6, 2024, with subsequent orders on March 19, 2025, and December 19, 2025, and by NCLAT New Delhi on February 18, 2026.
• · Prior to the acquisition, the promoters held 0% of the company's shares.
• · The company's equity share capital post-acquisition is Rs. 5,27,04,460 divided into 52,70,446 equity shares of Rs. 10 each.

20-08-2026

This filing is a Form G Invitation for Expression of Interest (EOI) in the insolvency resolution of M/s Telephone Cables Limited, which has been non-operational since 2005 and has zero employees, zero production, and zero revenue. The last date for receipt of EOI is May 4, 2026, with resolution plans due by July 3, 2026, indicating an ongoing but time-bound Corporate Insolvency Resolution Process (CIRP) under the IBC. The company's only material assets are land parcels in Mohali and Garhshankar, Punjab, and it is not registered as an MSME.

• · Registered office: SCO 68-70, Sector-17 C, Chandigarh; CIN L31300CH1983PLC005385.
• · Fixed assets: land parcel (freehold) at A-30, Industrial Focal Point, Phase-8, Mohali and freehold land at Village Kolewal, Garhshankar, Punjab.
• · Company not registered as an MSME under the MSME Act.
• · Persons disqualified under Section 29A of the IBC are ineligible to submit Expression of Interest.
• · Key CIRP timeline: last date for EOI – 04.05.2026; provisional list – 14.05.2026; final list – 29.05.2026; last date for resolution plans – 03.07.2026.

20-08-2026

Gangotri Textiles Ltd, under CIRP, issued a corrigendum to its 37th AGM notice after the NCLT Chennai Bench admitted an insolvency application (CP(IB)/310(CHE)2025) on 7 August 2026. The powers of the Board of Directors are suspended, and the IRP, CA.G.Gunasekaran, will chair the AGM scheduled for 21 August 2026. The original business agenda remains unchanged but is subject to IBC provisions and IRP directions.

• · NCLT Chennai Bench admitted CIRP application on 7 August 2026, order received on 19 August 2026.
• · IRP holds IBBI Registration No: IBBI/IPA-001/IP-P00681/2017-2018/11178.
• · AFA Certificate of IRP valid until 30/06/2027.
• · Corrigendum issued on 20 August 2026, one day before the scheduled AGM.

20-08-2026

TPL Plastech Limited, through its wholly owned subsidiary, has commenced operations for manufacturing Intermediate Bulk Containers (IBCs) at a new facility in Bhuj, Gujarat. The facility has an installed capacity of approximately 1,50,000 IBCs per annum and is projected to generate additional revenue of approximately ₹100 Crore. The unit also manufactures industrial plastic drums, broadening the company's product offerings in the region.

• · The facility is strategically located to serve customers in Bhuj, Kutch and surrounding industrial regions, reducing transportation distances and delivery lead times.
• · The company now has manufacturing facilities at 5 locations: Silvassa, Ratlam, Bhuj, Vizag and Dahej.
• · TPL Plastech Ltd. is a 75% subsidiary of TIME TECHNOPLAST LTD. (Listed Company).
• · The company caters to industries including Chemical & Petrochemicals, Specialty Chemicals, Plasticizers, Pharmaceutical, FMCG, Food products.

20-08-2026

Lactose (India) Ltd. has received a certified copy of the NCLT Ahmedabad Bench order dated August 5, 2026, approving the Scheme of Amalgamation between Vitanosh Ingredients Private Limited (Transferor Company) and Lactose (India) Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The order was received on August 20, 2026, and the company will disclose the effectiveness of the scheme in due course. No financial details or performance metrics are provided in this filing.

• · NCLT Ahmedabad Bench order dated August 5, 2026, approved the amalgamation scheme.
• · Certified copy of the order was received by the company on August 20, 2026.
• · The scheme involves Vitanosh Ingredients Private Limited merging into Lactose (India) Limited.
• · The application was filed under Company Application No. C.P.(CAA)/19(AHM) 2026 IN C.A.(CAA)/3(AHM) 2026.
• · The company will disclose the effectiveness of the scheme in a future intimation.

20-08-2026

India Glycols Limited has received the certified true copy of the NCLT order dated July 17, 2026, approving its Scheme of Arrangement to demerge its Biopharma Undertaking into Ennature Bio Pharma Limited and its Spirits and Biofuel Undertaking into IGL Spirits Limited, with an appointed date of April 1, 2026. The scheme was approved with overwhelming shareholder support (4,42,48,625 votes in favour out of 4,42,48,626) and unanimous unsecured creditor approval (100% in value). The demerger will result in shareholders of India Glycols receiving 1 equity share in Ennature Bio Pharma for every 3 shares held and 1 equity share in IGL Spirits for every 1 share held, while India Glycols retains its remaining business.

• · The NCLT order was pronounced on July 17, 2026, and the certified true copy was received by the company on August 20, 2026.
• · The appointed date for the scheme is April 1, 2026; the effective date and record date will be determined by the board of directors of all companies.
• · Shareholders of India Glycols will receive 1 equity share (face value ₹5) in Ennature Bio Pharma for every 3 shares held in India Glycols.
• · Shareholders of India Glycols will receive 1 equity share (face value ₹5) in IGL Spirits for every 1 share held in India Glycols.
• · Existing equity shares held by India Glycols in both resulting companies will be cancelled upon the scheme becoming effective.
• · All employees of the demerged undertakings will be transferred to the respective resulting companies on no-less-favourable terms with continuity of service.
• · Pending approvals, licenses, and permits for the demerged undertakings will be deemed to continue in the name of India Glycols until transferred to the resulting companies.
• · The NCLT clarified that the order does not grant exemption from payment of taxes (including Income Tax, GST, or any other tax).

20-08-2026

Reliance Communications Limited has informed the stock exchanges that the 75th meeting of the Committee of Creditors (CoC) will be held on August 21, 2026. The company has been under corporate insolvency resolution process since June 2019, with the Resolution Professional managing its affairs. No financial results or material developments were disclosed in this routine procedural notice.

• · The company has been under corporate insolvency resolution process since June 28, 2019, pursuant to the Insolvency and Bankruptcy Code, 2016.
• · The Resolution Professional, Mr. Anish Niranjan Nanavaty, was appointed by the Hon'ble National Company Law Tribunal, Mumbai Bench, vide order dated June 21, 2019.
• · The powers of the board of directors are vested in the Resolution Professional.

20-08-2026

The Hi-Tech Gears Limited has informed the stock exchanges that the NCLAT hearing scheduled for August 17, 2026, could not take place due to lack of time, and the next hearing has been fixed for September 25, 2026. The interim stay on the Corporate Insolvency Resolution Process (CIRP), originally granted on September 3, 2024, continues until the next hearing. This marks another adjournment in a prolonged insolvency process that has been under stay for nearly two years.

• · The interim stay on CIRP was originally granted on September 3, 2024, and has been extended multiple times.
• · The appeal was filed under Comp. App. (AT) (Ins) No. 1734 of 2024.
• · The appellant is Naveen Jain, Company Secretary/Shareholder of The Hi-Tech Gears Ltd.
• · The respondents are Happy Forgings Ltd. and another party.
• · The next hearing is scheduled for September 25, 2026.

20-08-2026

Future Consumer Ltd has entered the Corporate Insolvency Resolution Process (CIRP), with the Committee of Creditors appointing Aegis Resolution Services Pvt Ltd (through Mr. Avil Menezes) as the Resolution Professional. The appointment was approved at the first CoC meeting held on August 6, 2026, with the voting window concluding on August 18, 2026. This marks a critical stage in the company's insolvency proceedings under the IBC.

• · Voting window for RP appointment: 10 August 2026 to 18 August 2026
• · Resolution Professional registration number: IBBI/IPE-0118/IPA-1/2022-23/50041
• · Authorization for assignment valid till 30th June 2027
• · Company scrip code: 533400 (BSE), NSE symbol: FCONSUMER