The tribunal has initiated insolvency proceedings and appointed S. Gopalakrishnan to oversee the company’s resolution process | Representational Image
Mumbai, November 3, 2026: The National Company Law Tribunal (NCLT), Mumbai, has admitted an insolvency petition against Dynamix Securities and Holdings Private Limited over a default of ₹518.89 crore, following its failure to repay a term loan originally sanctioned by Yes Bank in 2014.
The NCLT passed the order on October 30, 2026, admitting a petition filed by DB View Infracon Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC).
The tribunal, in its order, observed, “The Financial Creditor has placed on…