Vikas WSP Hearing on Resolution Plan Moved to June 2

Original Hearing Date: May 18, 2026
New Hearing Date: June 2, 2026

Hearing Postponed

Vikas WSP Limited announced that its hearing at the National Company Law Tribunal (NCLT), Chandigarh Bench, has been postponed. The hearing was scheduled for May 18, 2026, to discuss the approval of its Resolution Plan and other related applications. The matters have now been rescheduled for June 2, 2026, due to the unavailability of the regular bench.

Impact on Insolvency Process

This delay in the NCLT hearing directly affects the timeline for approving Vikas WSP's Resolution Plan. As the company is undergoing a corporate insolvency resolution process (CIRP), any postponement can extend the period of uncertainty for stakeholders.

Background of the Case

Vikas WSP Limited has been in a corporate insolvency resolution process (CIRP) since February 2, 2022, when its Resolution Professional was appointed. A Committee of Creditors meeting was held on March 17, 2022. The company's stock has scrip code 519307 and ISIN INE706A01022.

What's New

The company currently remains under the management of an Interim Resolution Professional. The main development is the rescheduling of the crucial Resolution Plan approval hearing from May 18, 2026, to June 2, 2026.

Potential Risks

Further postponements of NCLT hearings could potentially prolong the corporate insolvency resolution process, leading to increased operational and financial uncertainties for Vikas WSP Limited.

What to Watch

Investors and stakeholders should monitor the NCLT hearing scheduled for June 2, 2026. Any subsequent developments or announcements regarding the resolution process will be important to track.