SKIL Infrastructure remains under NCLT-mandated insolvency, with the Resolution Professional citing data access issues with depositories. The company is currently unable to file mandatory quarterly compliance reports as it works through the ongoing Corporate Insolvency Resolution Process.
SKIL Infrastructure Updates CIRP Status
SKIL Infrastructure has confirmed its ongoing Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai order from February 2024. The Committee of Creditors (CoC) is now active after an NCLAT order, with Mr. Purusottam Behera appointed as the Resolution Professional (RP).
Reader Takeaway: CIRP is underway under a new RP, but legacy fee disputes have frozen mandatory regulatory compliance filings.
Why this matters
The company is unable to file critical compliance reports, including shareholding patterns and investor complaint statements, for the quarter ending September 30, 2026. This administrative paralysis directly impacts market transparency for retail investors tracking the stock.
The backstory
The core issue stems from unpaid dues owed to NSDL, CDSL, and the Registrar and Transfer Agent (RTA). Because these fees remained unsettled by the former management, the company has been denied the Beneficiary Position data essential for preparing statutory quarterly filings.
Regulatory status
Under SEBI (LODR) Regulations, specifically 15(2A) and 15(2B), the company is currently exempt from various corporate governance mandates, including Regulations 17 through 21 and 27, while the insolvency process remains active.
Risks to watch
Investors should be aware of the operational uncertainty surrounding the company. Continued inability to communicate with depositories suggests significant underlying financial strain that may impact the speed and success of the resolution process.
What to track next
Monitor further filings from the Resolution Professional regarding the status of the CoC’s efforts to resolve these fee disputes and restore access to necessary depository data.