Vikram Solar will appeal against the NCLT order admitting an insolvency petition by Isitva Steels making a claim of ₹9.44 crore. The company disputed the debt, citing a 2019 settlement agreement.
Vikram Solar is preparing to file an appeal in NCLAT against the Kolkata Bench NCLT order which admitted an insolvency petition over alleged non-payment of dues. The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) on June 12, with the order made available on June 18, said the company in a statement.
Following the NCLT order, Tripti Agarwal has been appointed as the Interim Resolution Professional. The company stated it is consulting legal advisors to explore further remedies to protect the…