Name: India MCA Insolvency Liquidation Filings — October 13, 2026
Creator: Gunpowder
Published: 2026-10-13T15:35:39.215Z
License: https://www.gunpowderalerts.in/terms

12 high priority 12 total filings analysed

Executive Summary

Across the 12 filings, the India MCA Insolvency & Restructuring stream is dominated by procedural CIRP/NCLT disclosures with few hard financial figures; none of the filings carry period-over-period revenue, margin, or insider-trading data, so quantitative trend analysis is not supportable from this batch and conclusions rest on process milestones.

The most material developments are Tayo Rolls' stalled resolution plan (NCLAT stay and an SRA-RP deadlock that prevents statutory compliance), the NCLAT adjourning Hi-Tech Gears' appeal with the CIRP stay continued to November 6, 2026, and Wind World (India) reaching implementation under the Inox Neo/Authum consortium plan effective October 8, 2026. Scheme-driven activity clusters around Ambuja Cements and Orient Cement, whose amalgamation hearing before NCLT Ahmedabad is fixed for November 19, 2026, and Share India's rectified appointed date shifts the Silverleaf scheme to April 1, 2026. Two SKIL Infrastructure CoC meetings (October 13 and October 15, 2026) and Quadrant Televentures' 16th CoC approval (95.6% versus 51% threshold) show creditor governance proceeding on schedule. Market implication: near-term catalysts are concentrated in the mid-November NCLT and NCLAT dates, and the resolution-plan-stall risk at Tayo Rolls is the key downside sign in the batch.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Insolvency

Tracking the trend? Catch up on the prior India MCA Insolvency Liquidation Filings digest from October 05, 2026.

Investment Signals (9)

Wind World (India) / Authum Investment & Infrastructure (BULLISH)
▲

Consortium with Inox Neo Energies discharged obligations under the February 13, 2026 resolution plan (addendum May 20, 2026); IMC declared October 8, 2026 as implementation date, moving the acquisition to completion
Quadrant Televentures ↓ (BULLISH)
▲

16th CoC resolution on senior counsel and professional fees approved with 95.6% support against a 51% threshold, indicating strong creditor alignment as the resolution plan approval application advances
Tayo Rolls ↓ (BEARISH)
▲

NCLAT New Delhi stay on implementation of the NCLT Kolkata-approved (December 17, 2024) JBVNL resolution plan, plus an SRA-RP deadlock, leaves the acquisition unconsummated and the company unable to file quarterly statements for the quarter ended June 30, 2026
Hi-Tech Gears (BEARISH)
▲

NCLAT could not hear the insolvency appeal on October 7, 2026; CIRP interim stay (granted September 3, 2024) continued and matter adjourned to November 6, 2026, so CIRP remains on hold with no near-term resolution
Sun Granite Export ↓ (BEARISH)
▲

List of creditors as of October 13, 2026 filed under CIRP regulation 13(2)(ca) and remains subject to revision; company lacks a functional website, a signal of limited disclosure capacity during the process
Share India Securities ↓ (BULLISH)
▲

NCLT Ahmedabad rectification moved the Silverleaf amalgamation appointed date from October 1, 2023 to April 1, 2026 after the Regional Director's June 19 objection was resolved by an October 7 no-objection reply; the certified order is still pending
Ambuja Cements / Orient Cement ↓ (BULLISH)
▲

Scheme of amalgamation of Orient Cement into Ambuja Cements advanced to NCLT Ahmedabad hearing on November 19, 2026, with notices published October 13, 2026 as directed by the October 8 tribunal order
SKIL Infrastructure ↓ (BULLISH)
▲

13th CoC meeting held October 13, 2026 (outcomes undisclosed) and 14th CoC scheduled for October 15, 2026, indicating an active creditor cycle at roughly two-day intervals with the AFA valid to December 31, 2026
AGS Transact Technologies ↓ (BULLISH)
▲

19th CoC meeting set for October 15, 2026 at 3:00 p.m. by video conference; filing is procedural with no financials disclosed, so the signal is neutral to watch

Risk Flags (7)

Tayo Rolls / Resolution Plan Implementation↓ [HIGH RISK]
▼

NCLAT stay on the JBVNL plan plus SRA-RP deadlock creates an open-ended impasse, and the former Compliance Officer has sought exemption from liability for missed quarterly and annual filings
Hi-Tech Gears / CIRP Stall [HIGH RISK]
▼

Repeated adjournment and continued interim stay (since September 3, 2024, now past two years) suspends the resolution timeline indefinitely pending the November 6, 2026 hearing
Sun Granite Export / Disclosure Gap↓ [MEDIUM RISK]
▼

No functional website forces reliance on exchange-only creditor disclosure, and the creditor list is explicitly subject to revision, raising claim-quantum uncertainty
Share India Securities / Scheme Retroactivity↓ [MEDIUM RISK]
▼

Appointed date rectified backward-to-forward by more than two years (October 2023 to April 2026) after a Regional Director objection, creating accounting and effective-date uncertainty until the certified order is received and steps completed
Ambuja Cements / Orient Cement Timing Risk↓ [MEDIUM RISK]
▼

Amalgamation outcome depends on the November 19, 2026 NCLT Ahmedabad hearing; any adjournment or objection would delay synergy realisation for both companies
Talwalkars Better Value Fitness / Capital Reduction↓ [MEDIUM RISK]
▼

Capital reduction directed by an NCLT order with record date October 26, 2026; the filing discloses no reduction quantum, percentage, or share count, limiting shareholder assessment
SKIL Infrastructure / Rapid CoC Cadence↓ [LOW RISK]
▼

Two CoC meetings within three days (October 13 and 15, 2026) with undisclosed outcomes for the 13th meeting suggests an accelerated decision process that is opaque to outside investors

Opportunities (7)

Wind World (India) / Post-Implementation Re-rating (OPPORTUNITY)
◆

With the October 8, 2026 implementation date set, Authum Investment & Infrastructure and Inox Neo Energies can now move from plan approval to integration, and Authum's stake in the consortium is a direct beneficiary
Quadrant Televentures / Plan Approval Path↓ (OPPORTUNITY)
◆

95.6% creditor support on the RP's counsel funding indicates the interlocutory application for resolution plan approval is on track, creating potential catalyst value on NCLT approval
Ambuja Cements / Orient Cement Amalgamation↓ (OPPORTUNITY)
◆

November 19, 2026 hearing before NCLT Ahmedabad is a defined catalyst; successful sanction would consolidate Orient Cement's capacity into Ambuja, a clear event-driven setup for merger-arbitrage-style positioning
Share India Securities / Scheme Completion↓ (OPPORTUNITY)
◆

Regional Director no-objection (October 7, 2026) and the NCLT rectification order clear the main regulatory hurdle on the Silverleaf amalgamation, leaving the certified copy and completion steps as the remaining catalysts
Hi-Tech Gears / Appeal Outcome (OPPORTUNITY)
◆

The November 6, 2026 NCLAT hearing is a binary catalyst; a favourable decision would lift the CIRP stay and allow resolution to resume
SKIL Infrastructure / Resolution Milestone↓ (OPPORTUNITY)
◆

With the 14th CoC meeting on October 15, 2026 and AFA valid through December 31, 2026, the process is moving toward a resolution decision that could crystallise recovery values for creditors and equity
AGS Transact Technologies / CoC Decision Point↓ (OPPORTUNITY)
◆

The 19th CoC meeting on October 15, 2026 at 3:00 p.m. sits at a mature stage of CIRP and may produce a resolution plan step that re-prices the stock

Sector Themes (5)

Scheme-Led Consolidation in Cement (THEME)
◆

Ambuja Cements and Orient Cement are progressing an amalgamation through the same NCLT Ahmedabad process, with both filings citing the October 8, 2026 tribunal order and November 19, 2026 hearing; this signals capital-structure consolidation as a sector pattern, with implications for capacity and pricing discipline
CIRP Timelines Under Appellate Strain (THEME)
◆

The Hi-Tech Gears NCLAT adjournment and Tayo Rolls NCLAT stay show appellate bottlenecks prolonging resolution, with at least two of the twelve filings (about 17%) affected by appellate stays or adjournments, extending uncertainty for creditors and acquirers
Resolution Professional Governance Activity (THEME)
◆

Multiple CoC cycles are active (AGS Transact 19th, SKIL 13th and 14th, Quadrant 16th), with creditor approvals routinely above threshold (Quadrant at 95.6% versus 51%), indicating strong creditor consensus on process-level decisions even where outcomes are opaque
Disclosure Quality Variability Across CIRP Companies (THEME)
◆

Filings range from fully procedural notices with no financials (AGS, Ambuja, Orient, SKIL) to disclosure-constrained situations (Sun Granite without a website, Tayo Rolls' compliance officer unable to file), suggesting uneven transparency that favours investors who monitor exchange filings closely
Retroactive and Rectified Scheme Terms (THEME)
◆

Share India's appointed-date rectification from 2023 to 2026 and Talwalkars' NCLT-directed capital reduction show that scheme terms are being reshaped post-sanction, a pattern that adds effective-date and per-share valuation uncertainty for holders

Watch List (8)

AGS Transact Technologies / 19th CoC Meeting↓
👁

Procedural CIRP meeting on October 15, 2026 at 3:00 p.m. by video conference; watch for any resolution plan step or CoC decision that alters the recovery path
SKIL Infrastructure / 13th and 14th CoC Meetings↓
👁

13th meeting held October 13, 2026 (outcome not disclosed) and 14th scheduled October 15, 2026 at 4:00 p.m.; monitor for disclosed resolutions and the AFA renewal before December 31, 2026
Talwalkars Better Value Fitness / Record Date↓
👁

Capital reduction record date October 26, 2026 under Regulation 42; watch for the reduction ratio and share-count impact once quantum is disclosed
Ambuja Cements and Orient Cement / NCLT Hearing
👁

Scheme of amalgamation hearing before NCLT Ahmedabad on November 19, 2026 at 10:30 a.m.; watch for sanction, objections, or adjournment
Hi-Tech Gears / NCLAT Hearing
👁

Company Appeal (AT) (Ins) No. 1734 of 2024 next heard November 6, 2026; the outcome determines whether the CIRP stay continues
Tayo Rolls / NCLAT Stay and SRA-RP Deadlock↓
👁

No date disclosed for resolution of the stay; watch for NCLAT ruling, plan implementation, and any compliance-officer exemption request decision
Quadrant Televentures / Resolution Plan Approval Application↓
👁

Interlocutory application for resolution plan approval, now backed by approved senior-counsel funding; watch for NCLT listing and hearing date
Wind World (India) / Post-Implementation Disclosures
👁

Following the October 8, 2026 implementation date, watch Authum and Inox Neo for integration updates, governance changes, and any subsequent IMC intimations

Filing Analyses (12)

AGS Transact Technologies Limited Insolvency neutral materiality 4/10

13-10-2026

AGS Transact Technologies Limited, which is under Corporate Insolvency Resolution Process (CIRP), has informed the stock exchanges that its 19th Committee of Creditors (CoC) meeting is scheduled for Thursday, 15 October 2026 at 3:00 p.m. via video conferencing. The disclosure is made by the Deemed Resolution Professional, Brijendra Kumar Mishra, under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing is procedural and contains no financial figures.

· The 19th CoC meeting is set for 15 October 2026 at 3:00 p.m. through video conferencing
· BSE Scrip Code 543451; NSE Symbol AGSTRA
· Resolution Professional registration: IBBI/IPA-002/IP-N00109/2017-2018/10257; AFA valid till 31.12.2026

The Hi-Tech Gears Limited Insolvency neutral materiality 7/10

13-10-2026

The Hi-Tech Gears Limited disclosed that the Hon'ble NCLAT could not hear its insolvency-related appeal on October 07, 2026, and has adjourned the matter to November 06, 2026. The Tribunal has directed the continuation of the interim stay on the Corporate Insolvency Resolution Process (CIRP) granted on September 03, 2024, leaving the CIRP on hold pending the next hearing.

· NCLAT Company Appeal (AT) (Ins) No. 1734 of 2024 and I.A. No. 2735 of 2025 was not heard on October 07, 2026 due to paucity of time.
· The next hearing is scheduled for November 06, 2026.
· The interim stay on CIRP was originally granted by NCLAT on September 03, 2024, and has now been continued.
· The NCLAT order was uploaded to its website on October 13, 2026.
· The filing follows an earlier intimation dated October 06, 2026 on the same subject.

SKIL Infrastructure Ltd Insolvency neutral materiality 6/10

13-10-2026

SKIL Infrastructure Limited, which is under Corporate Insolvency Resolution Process (CIRP) per a February 1, 2024 order of the Hon'ble NCLT Mumbai, disclosed the outcome of its Thirteenth Committee of Creditors (COC) meeting held virtually on October 13, 2026, from 11:00 AM to 1:30 PM. The filing was submitted by Resolution Professional Purusottam Behera under Regulation 30 and Schedule III of the SEBI LODR Regulations, 2015. The filing contains no financial figures, resolutions, or decisions taken at the meeting.

· CIN: L36911MH1983PLC178299; NSE Symbol: SKIL; BSE Scrip Code: 539861
· CIRP order dated February 1, 2024 by Hon'ble NCLT Mumbai
· Resolution Professional registration: IBBI/IPA-002/IP-N00940/2019-20/12993; AFA valid till December 31, 2026
· Meeting held through audio-visual means in virtual mode, 11:00 AM to 1:30 PM

Sun Granite Export Ltd Insolvency negative materiality 7/10

13-10-2026

Sun Granite Export Ltd. has filed an intimation with BSE under SEBI LODR Regulation 30 disclosing the List of Creditors as on 13 October 2026, as required under IBBI CIRP regulation 13(2)(ca) during its Corporate Insolvency Resolution Process. The company does not currently maintain a functional website, so the list is submitted to the exchange instead, and the list remains subject to revision as the process continues.

· Scrip Code on BSE: 531013; CIN: L14102OR1991PLC002834
· Resolution Professional's AFA valid up to 31 December 2026
· Company does not presently maintain a functional website; filing made to the exchange in lieu of website disclosure

Ambuja Cements Limited Insolvency neutral materiality 4/10

13-10-2026

Ambuja Cements Limited disclosed a newspaper advertisement regarding the hearing of a Joint Company Petition before the Hon'ble NCLT, Ahmedabad Bench, on the Scheme of Amalgamation of Orient Cement Limited (Transferor) with Ambuja Cements (Transferee). The hearing is fixed for Thursday, November 19, 2026, at 10:30 a.m., and the notice was published in Indian Express (English) and Financial Express (Gujarati, Ahmedabad edition) as directed under the Companies Act, 2013. The filing is procedural and contains no financial results or performance metrics.

· Tribunal order dated October 8, 2026 directed the hearing and publication of notice
· Notice published in Indian Express (All Editions, English) and Financial Express (Ahmedabad Edition, Gujarati translation)
· Newspaper advertisements and documents to be posted on the company website www.ambujacement.com

Talwalkars Better Value Fitness Ltd Insolvency neutral materiality 5/10

13-10-2026

Talwalkars Better Value Fitness Limited has intimated to BSE and NSE that 26 October 2026 is the record date for a capital reduction approved under an NCLT (National Company Law Tribunal) order. The filing is a Regulation 42 record-date intimation signed by Managing Director Shilpa Singh, and it notes that the related meeting ran from 5:00 PM to 5:30 PM. No financial amounts, percentages, or share counts are disclosed in the filing.

· Record date: 26 October 2026 (Monday), set under Regulation 42 of SEBI (LODR) Regulations, 2015
· Stated purpose: capital reduction as directed by an NCLT order
· The related meeting commenced at 5:00 PM and concluded at 5:30 PM on 13 October 2026
· Scrip code BSE 533200; NSE symbol TALWALKARS

Orient Cement Limited Insolvency neutral materiality 4/10

13-10-2026

Orient Cement Limited disclosed that the NCLT Ahmedabad Bench has fixed November 19, 2026 as the hearing date for the Joint Company Petition under Sections 230 to 232 concerning the proposed Scheme of Amalgamation of Orient Cement Limited (Transferor Company) with Ambuja Cements Limited (Transferee Company). The notice of hearing was published on October 13, 2026 in the Indian Express (all editions, English) and the Financial Express (Ahmedabad edition, Gujarati translation). The filing contains no financial results or amounts attributable to Orient Cement itself.

· Tribunal order governing the petition is dated October 8, 2026
· Joint Company Petition filed under Sections 230 to 232 of the Companies Act
· Hearing scheduled for Thursday, November 19, 2026 before the NCLT Ahmedabad Bench
· Notice published in English in Indian Express (all editions) and Gujarati in Financial Express (Ahmedabad edition)
· Disclosure is a procedural notice; no regulatory action against the company is reported

SKIL Infrastructure Ltd Insolvency neutral materiality 4/10

13-10-2026

SKIL Infrastructure Limited, under Corporate Insolvency Resolution Process (CIRP) before the Hon'ble NCLT Mumbai (order dated 1 February 2024), has given pre-facto intimation of its Fourteenth Committee of Creditors (COC) meeting, to be held on Thursday, October 15, 2026 at 4:00 P.M. via audio-visual virtual mode. The filing is a procedural governance disclosure made by the Resolution Professional under SEBI LODR Regulation 30 and Schedule III, and it discloses no financial figures, outcomes, or resolution plan details.

· COC meeting scheduled for Thursday, October 15, 2026 at 4:00 P.M., held through audio-visual virtual mode
· CIRP ordered by Hon'ble NCLT Mumbai on 1 February 2024
· Resolution Professional registration: IBBI/IPA-002/IP-N00940/2019-20/12993, AFA valid till 31 December 2026
· NSE Symbol: SKIL; BSE Scrip Code: 539861

Tayo Rolls Ltd-$ Insolvency negative materiality 8/10

13-10-2026

Tayo Rolls Limited, a corporate debtor under the Insolvency and Bankruptcy Code, 2016, has been acquired by Jharkhand Bijli Vitran Limited (JBVNL) via a resolution plan approved by the NCLT Kolkata on December 17, 2024. The implementation of the resolution plan has been stayed by the NCLAT, New Delhi, and a deadlock between the Successful Resolution Applicant (SRA) and the Resolution Professional (RP) has left the erstwhile Compliance Officer unable to meet quarterly and annual statutory filings, which he has requested be exempted from liability.

· NCLT Kolkata approved the resolution plan on December 17, 2024; NCLAT New Delhi has stayed its implementation
· Resolution Professional appointed by the Adjudicating Authority via order dated October 30, 2019
· Filing relates to quarterly compliance for the quarter ended June 30, 2026
· Compliance Officer requests exemption of erstwhile key managerial personnel from statutory liability
· Company's official email IDs and website are reported as inoperative
· Company is listed on BSE under stock code 504961 and CIN L27105JH1968PLC000882 (as shown in letterhead)

Quadrant Televentures Limited Insolvency neutral materiality 4/10

13-10-2026

Quadrant Televentures Limited, currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025, disclosed the outcome of its 16th Committee of Creditors (CoC) meeting, held via e-voting. The single resolution put to vote, ratifying the appointment of senior counsel and professional fees for representing the Resolution Professional in the interlocutory application for approval of the resolution plan, was approved by 95.6% against a 51% required threshold. The filing is procedural and does not disclose any financial figures or change in the company's operating position.

· The 16th CoC meeting was originally convened for September 28, 2026, per a September 23, 2026 intimation, and voting was conducted under Regulation 26 of the CIRP Regulations, 2016.
· Disclosure was made under Regulation 30 read with Clause 16(f) and (g) of Para A of Part A of Schedule III of the SEBI LODR Regulations, 2015, as a post-facto intimation.
· The company operates under a Resolution Professional, and the CoC approved funding for senior counsel representing the RP in the resolution plan approval application.

Authum Investment & Infrastructure Limited Insolvency positive materiality 7/10

13-10-2026

Authum Investment & Infrastructure Limited, as part of a consortium with Inox Neo Energies Limited (Lead Member), has been informed by the Implementation and Monitoring Committee of Wind World (India) Limited that the consortium has discharged its obligations under the February 13, 2026 Resolution Plan (as amended by an addendum dated May 20, 2026). The IMC has declared October 08, 2026 as the Implementation Date for the acquisition of Wind World (India) Limited through the insolvency resolution process.

· Prior intimations regarding this matter were made on February 20, 2026, July 28, 2026, and October 10, 2026
· Consortium members are Inox Neo Energies Limited (Lead Member) and Authum Investment & Infrastructure Limited
· Wind World (India) Limited CIN: U31200DD2003PLC003236
· IMC communicated the implementation confirmation to the company on October 12, 2026

Get daily alerts with 9 investment signals, 7 risk alerts, 7 opportunities and full AI analysis of all 12 filings

Start free trial Browse all digests

₹500/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.

More from: India MCA Insolvency Liquidation Filings

October 03, 2026

India MCA Insolvency Liquidation Filings — October 03, 2026

October 02, 2026

India MCA Insolvency Liquidation Filings — October 02, 2026

October 01, 2026

India MCA Insolvency Liquidation Filings — October 01, 2026

September 30, 2026

India MCA Insolvency Liquidation Filings — September 30, 2026

🇮🇳 More from India

View all →

October 06, 2026

India Pre-Market Regulatory Roundup — October 06, 2026

India Pre-Market Regulatory Roundup

October 06, 2026

India Quarterly Results BSE NSE Announcements — October 06, 2026

India Quarterly Results BSE NSE Announcements

October 06, 2026

India Upcoming Corporate Actions BSE NSE — October 06, 2026

India Upcoming Corporate Actions BSE NSE

October 06, 2026

India MCA Corporate Compliance Enforcement — October 06, 2026

India MCA Corporate Compliance Enforcement

← All India digests