Vikram Solar Ltd on Friday (June 19) said the National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition filed by Isitva Steels Private Limited against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The petition relates to alleged non-payment of dues arising from civil works subcontracted in 2018 for a solar EPC project in Andhra Pradesh. The order was pronounced on June 12, 2026 and made available on June 18, 2026, following which the tribunal appointed Tripti Agarwal as Interim Resolution Professional (IRP).
“The alleged claim amount is approximately ₹9.44 crore (including an interest of approximately ₹4.21 crores), which has been actively and vigorously disputed by the…