Spectra Industries Ltd's Committee of Creditors met on July 3, 2026. Key outcomes included approving insurance renewal and CIRP costs. The company remains under insolvency resolution.
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Sterlite Technologies has resolved a UK patent litigation concerning its Celesta cable family. The European Patent Office revoked the opposing patent, removing IP risk and allowing Sterlite to seek cost recovery.
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Spectra Industries Ltd will hold its 27th Committee of Creditors meeting on July 3, 2026, via video conference. The meeting will discuss the Corporate Insolvency Resolution Process (CIRP) update, insurance renewal, and CIRP costs. This i...
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TeamLease Services has won a legal battle as the Karnataka High Court quashed an EPFO show cause notice concerning a ₹184.58 crore disputed claim. While the immediate threat is removed, regulatory proceedings will continue with a fresh i...
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Vikram Solar Ltd secured a significant relief as the NCLAT set aside the NCLT's insolvency admission order. The ruling was based on the claim amount being below the ₹1 crore threshold, leading to the refund of ₹0.92 crore.
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Aksh Optifibre's promoter has proposed a settlement of ₹3.33 crore to the NCLAT, which has stayed further insolvency proceedings. The company will continue operations under the IRP's supervision.
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Supha Pharmachem Ltd is under Corporate Insolvency Resolution Process (CIRP). The NCLAT has prohibited the Committee of Creditors from voting on resolution plans and selling company assets until June 29, 2026.
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K-Lifestyle & Industries Ltd held its 10th Committee of Creditors meeting on June 25, 2026, as part of its ongoing Corporate Insolvency Resolution Process. Investors face significant risk.
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Vikram Solar's insolvency threat is over as the National Company Law Appellate Tribunal (NCLAT) set aside a previous order admitting an insolvency application. This provides significant relief and operational clarity for investors.
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Vikram Solar has received a significant reprieve as the National Company Law Appellate Tribunal (NCLAT) cancelled the previous NCLT order that had admitted the company into insolvency. This removes the immediate threat of Corporate Insol...
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ADF Foods Ltd's US subsidiary has received a substantially favorable order from a US court regarding trade secret misappropriation, with entitlement to disgorgement damages of over US$2.29 million. While a positive legal development, the...
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The Directorate of Enforcement has issued a Provisional Attachment Order against Hampton Sky Realty, attaching assets worth ₹55.57 crore. The order relates to an investigation into purported mobile phone sales.
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Honasa Consumer received a favorable arbitration order, increasing its award by AED 5.58 million to AED 9.92 crore (₹25.54 crore). The company also secured a permanent injunction against its counterparty.
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Gujarat Themis Biosyn is pursuing arbitration against Optimus Drugs, claiming ₹90.24 crore. The dispute stems from Optimus Drugs' alleged wrongful termination of a supply agreement. The company expects no negative financial impact.
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Vikram Solar secured a stay from NCLAT on an insolvency order, depositing ₹0.92 crore to settle with an operational creditor. This provides temporary relief from insolvency proceedings.
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Vikram Solar received a stay from NCLAT on an NCLT order, pausing insolvency proceedings. The company has settled the creditor's claim for ₹0.09 crore, offering immediate relief to investors.
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Vikram Solar has received a significant reprieve as the NCLAT stayed an insolvency petition. The company also reported robust Fiscal 2026 results with ₹4,802 crore revenue and ₹470 crore PAT, highlighting its financial strength.
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Reliance Infrastructure's shares in three key subsidiaries, BSES Yamuna Power, BSES Rajdhani Power, and Mumbai Metro One, have been attached by the PMLA Adjudicating Authority. The company plans to appeal the order, which impacts assets...
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Manali Petrochemicals announced it has received an interim stay on a previous court order, subject to certain conditions. The legal battle continues in the Madras High Court.
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Omkar Overseas Limited's board met to formalize an Extra Ordinary General Meeting (EGM) scheduled for July 27, 2026. The NCLT is overseeing the process, with appointments made for a chairperson and scrutinizer.
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