BPL Limited Addresses NCLT Proceedings Following Creditor Application
BPL Limited has provided an update on ongoing legal proceedings concerning an application filed by a creditor before the National Company Law Tribunal (NCLT), Kochi. The company confirmed that the legal matter involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016.The matter was registered as Case No. KOB C.P. (IB) 10/2026. A communication from NCLT, Kochi, detailing the matter was received by BPL Limited on April 13, 2026.
In relation to the proceeding, the company noted that the creditor is currently requesting the NCLT to act upon an order issued by the Supreme Court of India. BPL Limited clarified that the company's review petition related to the matter has not yet been listed for hearing. As of the date of the communication, no further orders have been passed regarding the Section 7 application, and the company has been granted an opportunity to file its objections before the Tribunal.
Regarding the potential impact of the proceedings, the company stated that the application filed by the Creditor is not expected to affect BPL Limited's financial or operational activities. Management confirmed that business activities are continuing as normal. The company remains confident in its position and is taking appropriate steps, in consultation with legal counsel, to file its objections before the Tribunal, ensuring continued focus on business stability.
BPL Stock Price Movement
BPL Limited shares slipped by 0.62% on Monday, settling for ₹49.74 in a single-session decline. The stock traded with a volume of 56,774 shares on the close.Source:
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