Vikas WSP Ltd Receives Update on Critical Applications Before NCLT in Ongoing Proceedings
Vikas WSP Limited provided an update regarding the proceedings before the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, concerning applications related to its corporate insolvency resolution process. The company released this information following a hearing held on June 02, 2026.The disclosure followed a previous communication issued on May 20, 2026. On June 02, 2026, the NCLT heard arguments pertaining to IA (I.B.C.) No. 764/2022, which relates to the Section 19(2) Application seeking cooperation. Submissions from respondents R-1 through R-6 and R-10 were noted during the session.
However, due to a paucity of time during the proceedings, IA (I.B.C.) No. 1538/2022, which pertains to the approval of the Resolution Plan, could not be addressed by the Tribunal on that day. The matter is currently scheduled for further hearing on July 08, 2026.
The update confirms the status of these key applications in relation to the NCLT proceedings.
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