Gunpowder Alerts has analyzed 2,678 insolvency filings since February 2026 — 43% scored neutral, 13% positive, and the median materiality score is 8 out of 10.
Insolvency disclosures track companies through India’s bankruptcy process: petitions before the NCLT, admissions into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, moratoriums, resolution plans, and liquidation orders. For shareholders these are often the most material filings a company ever makes.
The numbers below cover the insolvency-related disclosures Gunpowder has analyzed, scored for sentiment and materiality at analysis time. They describe our analyzed corpus, not every case on the NCLT’s docket.
New to this form? Read What is the NCLT? — or see how Gunpowder scores filings.
2,678
insolvency filings analyzed
8/10
median materiality
62%
high materiality (8+)
13%
scored positive
Monthly filing volume
insolvency filings analyzed by Gunpowder per calendar month, by filing date.
| Month | Filings | Relative volume |
|---|---|---|
| Feb 2026 | 21 | |
| Mar 2026 | 398 | |
| Apr 2026 | 297 | |
| May 2026 | 331 | |
| Jun 2026 | 338 | |
| Jul 2026 | 315 | |
| Aug 2026 | 262 | |
| Sep 2026 | 312 | |
| Oct 2026 | 402 | |
| Nov 2026 | 2 | |
Sentiment distribution
Pipeline-assigned sentiment at analysis time across 2,676 scored filings.
| Positive | 354 (13%) | |
|---|---|---|
| Neutral | 1,148 (43%) | |
| Mixed | 168 (6%) | |
| Negative | 1,006 (38%) | |
Materiality score distribution
Scores run 0 (routine) to 10 (highly material); 2,678 filings scored. Median 8, 62% at 8 or above. Definitions in the methodology.
| 0 | 0 | |
|---|---|---|
| 1 | 4 | |
| 2 | 49 | |
| 3 | 156 | |
| 4 | 102 | |
| 5 | 241 | |
| 6 | 313 | |
| 7 | 148 | |
| 8 | 705 | |
| 9 | 712 | |
| 10 | 248 | |
Most frequent filers
Companies with the most insolvency filings in the analyzed corpus.
| Company | Ticker | Filings |
|---|---|---|
| SKIL Infrastructure Ltd | BSE | 64 |
| Quadrant Televentures Limited | BSE | 51 |
| Unitech International Ltd | BSE | 51 |
| Baron Infotech Ltd | BSE | 49 |
| Future Consumer Ltd | BSE | 42 |
| Vas Infrastructure Ltd | BSE | 42 |
| Astron Paper & Board Mill Limited | NSE | 38 |
| Reliance Home Finance Limited | NSE | 36 |
| BIL VYAPAR LIMITED | NSE | 34 |
| Ansal Properties & Infrastructure Limited | NSE | 33 |
What this page counts
Exchange filing categories rolled into these statistics.
| Insolvency | 2,678 |
|---|
Recent insolvency coverage
- India MCA Insolvency Liquidation Filings — November 01, 2026
- India NCLT Insolvency Resolution Filings — November 01, 2026
- India MCA Insolvency Liquidation Filings — October 31, 2026
- India NCLT Insolvency Resolution Filings — October 31, 2026
- India MCA Insolvency Liquidation Filings — October 30, 2026
- Browse the live hub →
An NCLT admission can halve a stock before most investors hear about it. Gunpowder flags insolvency filings the moment they are disclosed and scores how material each development is.
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