Space Incubatrics Technologies Ltd has had its Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT over a default of ₹1.19 crore. The company’s board powers are suspended, and a moratorium is in effect.
**Status: CIRP Initiated** **NCLT Order Date: 10.06.2026** **Reader Takeaway:** Company faces insolvency proceedings; promoters lose control, assets are under moratorium. ## What just happened The National Company Law Tribunal (NCLT) Allahabad Bench has admitted a petition to initiate the Corporate Insolvency Resolution Process (CIRP) for Space Incubatrics Technologies Ltd. This action stems from an alleged default of ₹1.19 crore (119.05 lakh) owed to Avail…