BGR Energy Systems has informed stock exchanges that the National Company Law Tribunal (NCLT), Amaravati Bench, has admitted an insolvency petition against the company, initiating the Corporate Insolvency Resolution Process (CIRP).
According to the company’s disclosure, the tribunal, in its order dated April 17, 2026, admitted the application filed by National Asset Reconstruction Company Limited (NARCL) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT has also imposed a moratorium under Section 14, restricting legal proceedings and enforcement actions against the company during the resolution process.
The tribunal appointed Dommeti Surya Rama Krishna Saibaba as the Interim Resolution Professional (IRP) to manage…