Market snapshot: The Supreme Court of India has dismissed an appeal filed by financial creditor Progfin Private Limited, permanently halting the attempt to initiate Corporate Insolvency Resolution Process (CIRP) against Ganesh Benzoplast Limited. The apex court’s ruling, delivered on August 18, 2026, and disclosed on August 20, 2026, confirms the absence of sufficient grounds for the appeal. This judicial order eliminates a major multi-year regulatory risk hanging over the chemical infrastructure company.
Data Snapshot
- Consolidated revenue from operations grew 23% year-on-year to ₹117.49 crore for the quarter ended June 30, 2026.
- Consolidated net profit for Q1 FY27 stood at ₹17.58 crore, representing a slight decline of 3%…