Shree Hanuman Sugar NCLT Hearing Progresses

The NCLT Kolkata bench heard the resolution plan for Shree Hanuman Sugar & Industries Ltd at length on September 10, 2026. The next hearing is scheduled for September 17, 2026, to record necessary documents and continue the evaluation process under Section 31 of the Insolvency and Bankruptcy Code.

Reader Takeaway: The resolution plan is under judicial review; the upcoming September 17 hearing is critical for progress.

What just happened

Resolution Professional Sandeep Khaitan filed an update confirming that the tribunal has concluded the initial round of arguments regarding the company's resolution plan. The plan, which has already cleared the Committee of Creditors (CoC), is now awaiting final judicial approval to move toward implementation.

Why this matters

The NCLT approval is the final regulatory hurdle required to resolve the company's insolvency status. Investors are watching these proceedings as they will dictate the restructuring of the firm's balance sheet and the eventual resolution outcome for stakeholders.

Risks to watch

While the CoC has approved the plan, the legal process remains subject to the NCLT's final order. Any delays in documentation or further objections during the upcoming hearings could extend the insolvency timeline.

What to track next

All eyes are on the September 17 hearing, where the bench is expected to review the additional documentation and potentially move closer to a final order on the resolution application.