NCLT Recalls Corporate Insolvency Resolution Process Initiated Against Alchemist
“The insolvency proceedings were vitiated by fraud, collusion, and malicious intent”
FinTech BizNews Service
Mumbai, 5 February 2026: Directorate of Enforcement (ED) has secured a significant judicial outcome, as the Hon’ble National Company Law Tribunal (NCLT), New Delhi, vide its order dated 03.02.2026, recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by…