Impex Ferro Tech Resolution Plan Filed with NCLT

Impex Ferro Tech Limited's Corporate Insolvency Resolution Process (CIRP) has reached a significant milestone with the filing of a resolution plan with the Hon'ble NCLT Kolkata Bench. The plan was previously approved by the Committee of Creditors.

What just happened

The Resolution Professional filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking NCLT's approval for the resolution plan of Impex Ferro Tech Limited. This follows the Committee of Creditors' approval on July 25, 2026.

Why this matters

This filing moves the company closer to a potential resolution of its insolvency. The future ownership and operations of Impex Ferro Tech now hinge on the NCLT's judicial review and approval of the submitted plan by M/s. Ankoor Distilleries Private Limited.

The backstory

Impex Ferro Tech Limited is undergoing the Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) has given its nod to a resolution plan submitted by M/s. Ankoor Distilleries Private Limited.

What changes now

The resolution plan has been formally submitted to the NCLT for final decision. This is a procedural step, and the ultimate outcome for shareholders and the company's structure is pending judicial confirmation.

Risks to watch

The company is still within the CIRP. The final resolution, continuity, and ownership are entirely dependent on NCLT's approval of the proposed resolution plan.

Investor Takeaway

This filing is a step forward in the insolvency resolution, indicating progress in the process led by Resolution Professional Mr. Ashok Kumar Sarawagi and involving M/s. Ankoor Distilleries Private Limited. Investors should track NCLT proceedings closely.