NCLT Proceedings and Key Claims
Vikas WSP Ltd has informed exchanges that its Corporate Insolvency Resolution Process (CIRP) is facing procedural delays. The National Company Law Tribunal (NCLT), Chandigarh Bench, was scheduled to hear the approval of the company’s Resolution Plan on April 27, 2026, but the hearing could not proceed.
In addition to the deferred plan approval, the NCLT has reserved its orders on applications filed by the Employees’ Provident Fund Organisation (EPFO) and the Income Tax Department concerning their revised claims. The matter is now slated for further hearing on May 4, 2026.
Significance of the Delay
These developments are crucial for Vikas WSP Ltd, as the NCLT’s decisions will shape the company’s future under…