The National Company Law Appellate Tribunal (NCLAT) has stayed the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited by the National Company Law Tribunal (NCLT), Kolkata Bench. The interim relief, granted on June 24, 2026, suspends the insolvency proceedings and bars the interim resolution professional (IRP) from taking any further action until the next hearing.
According to a stock exchange filing by the company, the NCLAT has stayed the operation of the NCLT’s order admitting the insolvency petition.
Appeal against NCLT order
The insolvency proceedings were initiated after the NCLT admitted a petition filed by operational creditor Isitva Steel Private Limited under Section 9 of the…