The National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition against renewable energy company Vikram Solar Limited and ordered the commencement of the Corporate Insolvency Resolution Process (CIRP). The order was pronounced on June 12, 2026, following a petition filed by operational creditor Isitva Steels Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016.
The dispute relates to civil works carried out for a solar power project in Andhra Pradesh. Vikram Solar had secured the Engineering, Procurement, and Construction (EPC) contract from Andhra Pradesh Power Generation Corporation Limited (APGENCO) and…