The NCLT Mumbai has refused to end Dharan Infra-EPC’s insolvency proceedings, citing substantial outstanding claims from multiple creditors despite Tata Capital’s ₹10 crore settlement | Representational Image
Mumbai, October 20, 2026: The National Company Law Tribunal (NCLT), Mumbai, has rejected a plea to withdraw insolvency proceedings against Dharan Infra-EPC Limited, holding that a settlement with one lender cannot be the sole basis for ending the corporate insolvency resolution process (CIRP) when substantial claims by other creditors remain unresolved.
The tribunal dismissed applications filed by the interim resolution professional (IRP) and the company’s suspended…