India MCA Insolvency Liquidation Filings — April 23, 2026

23-04-2026

The National Company Law Tribunal (NCLT) Amaravati Bench admitted the insolvency petition CP (IB)/58/7/AMR/2024 filed by National Asset Reconstruction Company Limited (NARCL), as assignee from Canara Bank, against BGR Energy Systems Limited on April 17, 2026, due to a default of Rs.584,67,81,149/- as on 31.08.2024 exceeding the Rs.1 crore threshold. The default occurred on 30.06.2022 following NPA classification amid continuous losses from FY 2020-21 to 2022-23 and invoked bank guarantees on projects including APGENCO, Ghatampur (NUPPL), and OPGCL. This triggers the Corporate Insolvency Resolution Process (CIRP) with no offsetting positive financial metrics reported.

• ·Date of default: 30.06.2022 (NPA classification effective date)
• ·Petition initially filed by Canara Bank on 07.11.2024; substituted to NARCL via IA(IBC)/366/2025 allowed on 01.04.2026
• ·Joint Assignment Agreement dated 29.09.2025 between consortium banks and NARCL
• ·Evidence includes NeSL RoD for five loan accounts and Bankers’ Book statements for eight accounts
• ·Corporate Debtor's objections on NPA classification (W.P. No.736/2025) and incomplete Form-1 rejected by NCLT

23-04-2026

The National Company Law Tribunal (NCLT), New Delhi Bench, sanctioned on April 17, 2026, the Scheme of Amalgamation of five wholly owned subsidiaries—Abhipra Trading Private Limited, Graphic Research Consultants India Private Limited, United Buildwell Private Limited, Vineeta Trading Private Limited, and Vipul Eastern Infracon Private Limited—into Vipul Limited, effective from the Appointed Date of April 1, 2022. The scheme aims to streamline operations, pool resources, reduce administrative costs, and simplify regulatory compliances without requiring shareholder or creditor meetings, as confirmed by the First Motion Order dated March 5, 2024. No objections were received from stock exchanges, SEBI, or other regulators, with the Official Liquidator noting nil revenue for most transferor companies in recent periods.

• ·Transferor Companies No.1, No.2, and No.4 reported nil revenue and no operational activities during the current and previous year to 31.03.2023
• ·All transferor companies registered at Unit No 201, C-50, Malviya Nagar, New Delhi-110017
• ·Vipul Limited CIN: L65923DL2002PLC167607
• ·First Motion Order dated 05.03.2024 dispensed with shareholder and creditor meetings
• ·NCLT order pronounced on 17.04.2026; certified copy received by company on 22.04.2026

23-04-2026

Educomp Solutions Limited disclosed the post-facto outcome of its Thirty First Meeting of the Committee of Creditors (CoC) held on April 23, 2026, as required under SEBI LODR Regulation 30(2) and Schedule III. The Resolution Professional provided an update on the status of the Corporate Debtor, and the CoC deliberated on the publication of Form G along with eligibility criteria for prospective resolution applicants. This reflects ongoing procedural steps in the Corporate Insolvency Resolution Process with no specific financial updates or resolutions noted.

• ·Scrip Code BSE: 532696; NSE: EDUCOMP
• ·IBBI Registration No.: IBBI/IPA-001/IP-P-02786/2022-2023/14259
• ·CIN: L74999DL1994PLC061353

23-04-2026

The NCLT Principal Bench, New Delhi, issued an order on April 22, 2026, directing DiGiSPICE Technologies Limited (transferee company) to convene a meeting of its equity shareholders via video conferencing to approve the Scheme of Amalgamation involving merger with its subsidiaries Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited. Meetings for shareholders and creditors of the transferor companies and certain creditors of DiGiSPICE were dispensed with due to requisite consents or NIL secured creditors. The order appoints a chairperson, alternate chairperson, and scrutinizer for the meeting, with notices to be published in specified newspapers.

• ·NCLT order pronounced on April 22, 2026; stock exchange intimation on April 23, 2026.
• ·DiGiSPICE has NIL secured creditors as on 30.11.2025; transferor companies 2 and 3 have NIL secured creditors.
• ·Consent affidavits received from requisite shareholders and unsecured creditors for all companies; secured creditors consent for Spice Money.
• ·Board approvals for scheme dated 08.08.2024.
• ·Shareholding patterns and financial statements as on 31.03.2025 (audited) and 30.09.2025 (interim).
• ·Observation letters from BSE (18.09.2025) and NSE (19.09.2025).

23-04-2026

Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) has disclosed under Regulation 30 a notice for an equity shareholders' meeting on May 25, 2026, at 10:30 AM IST via VC/OAVM, directed by NCLT Ahmedabad Bench orders dated April 13 and 16, 2026, to approve the Scheme of Arrangement and Amalgamation with Triumph Offshore Private Limited. The notice includes explanatory statements, the scheme document, financial statements for FY25 and period ended Dec 31, 2025, valuation report, fairness opinion, shareholding patterns, and other annexures, dispatched electronically on April 23, 2026. Remote e-voting opens May 22, 2026, with cut-off on May 18, 2026.

• ·NCLT Company Scheme Application No. C.A.(CAA)/17(AHM)2026
• ·Remote e-voting: May 22, 2026 (9:00 AM IST) to May 24, 2026 (5:00 PM IST)
• ·E-voting cut-off date: May 18, 2026
• ·Email dispatch record date: March 20, 2026
• ·Documents accessible at: https://sdhi.co.in/documents/scheme-of-amalgamation/Notice%20and%20Explanatory%20Statement%20alongwith%20Annexures%20-%20Scheme%20of%20Amalgamation.pdf

23-04-2026

The National Company Law Tribunal, Bengaluru Bench, ordered the commencement of the Corporate Insolvency Resolution Process (CIRP) for Vivimed Labs Limited on April 15, 2026 (order received April 17, 2026). T Narayana Swamy (IBBI Regn. No. IBBI/IPA-002/IP-N0 1078/2020-2021/13427) has been appointed as Interim Resolution Professional, with creditors required to submit claims by May 1, 2026. The process is estimated to close by October 11, 2026.

• ·CIN: L02411KA1988PLC009465
• ·Date of incorporation: September 22, 1988
• ·Registered office: Plot No. 78-A, Kolhar Industrial Area, Bidar, Karnataka - 585403
• ·Corporate office: GMR Towers, 3rd & 4th Floor, Green Lands, Begumpet, Beside the Plaza Hotel, Hyderabad, Telangana - 500016
• ·IRP correspondence address: 'VK Commerce', #8, 3rd Floor, 3rd Main Road, Opp. Rajajinagar IT Park, KSSIDC, Rajajinagar Industrial Estate, Bengaluru, Karnataka - 560010; Email: ciq2.vivimedlabslimited@hotmail.com
• ·Notice date: April 20, 2026; Filing date: April 23, 2026

23-04-2026

Associated Alcohols & Breweries Limited (AABL) received NCLT Kochi Bench approval on April 16, 2026, for its resolution plan to acquire SDF Industries Ltd., a distillery-cum-bottling unit in Thrissur, Kerala, for ₹30.85 crore, making it a wholly owned subsidiary upon completion. SDF offers IMFL bottling capacity of ~3.60 lakh cases per month and ENA distillery capacity of 75 lacs liters per annum on 10 acres of land, enabling AABL to shift brands like Lemount White Brandy to in-house bottling for improved efficiency. Operations are targeted to commence by September 2026, supporting growth in Kerala where AABL sells ~1.5 lakh cases per month.

• ·SDF facility located on Thrissur-Palakkad border, well-connected to Kochi, Coimbatore, and Calicut airports.
• ·Revised press release corrects IMFL capacity from 'per annum' to 'per month'.
• ·AABL entered Kerala market in 2018, ranking top 3 private players.

23-04-2026

Future Consumer Ltd disclosed an update on the NCLT (Mumbai) hearing for the insolvency petition filed by State Bank of India, following an earlier disclosure on March 24, 2026. The tribunal granted the company one week to file its reply to the recently served amended Form-1, citing delays by the financial creditor due to year-end audits. The matter has been adjourned to June 4, 2026, with the company committing to further updates.

• ·Counsel for SBI cited delay due to unavailability of bank officials for year closing and audits.
• ·Disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• ·Scrip Codes: BSE 533400, NSE FCONSUMER