Zicom Electronic Security Systems is undergoing insolvency proceedings at the NCLT Mumbai. The tribunal will hear applications on July 17, 2026, including one related to a resolution plan, which is critical for the company's future.

Zicom Electronic Security Systems Ltd. NCLT Update

Zicom Electronic Security Systems Ltd is actively involved in the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), Mumbai Bench, is overseeing the case (C.P. (IB)/610(MB)2021) with IDBI Bank Limited as the petitioner.

What just happened

On July 2, 2026, the NCLT heard two Interlocutory Applications (IA): IA/1566/2026, involving arguments and rejoinders, and IA(PLAN)/32/2026, related to the submission of a Resolution Plan. The tribunal has scheduled further consideration for both applications on July 17, 2026.

Why this matters

These proceedings are critical as they determine the company's future. The ongoing CIRP signifies financial distress, impacting equity value and business continuity. The progression of the Resolution Plan is key to Zicom's potential restructuring or viability.

The backstory

Zicom Electronic Security Systems has been under formal insolvency proceedings since Case No. C.P. (IB)/610(MB)2021 was filed. The NCLT process is the primary mechanism for resolving the company's financial situation.

What changes now

The company remains under NCLT supervision. The upcoming hearing on July 17, 2026, will provide more clarity on the path forward, particularly regarding the Resolution Plan.

Risks to watch

Ongoing CIRP poses risks to equity value. The outcome of the Resolution Plan application is a major determinant of the company's future.

Context metrics

NCLT Case No.: C.P. (IB)/610(MB)2021
Petitioner: IDBI Bank Limited
Last Hearing: July 2, 2026
Next Hearing: July 17, 2026