India NCLT Insolvency Resolution Filings — September 25, 2026

25-09-2026

Dabur India Limited announced that the NCLT has sanctioned the Scheme of Amalgamation of Sesa Care Private Limited with Dabur India, marking a key milestone in the transaction first announced in October 2024. The merger will integrate the premium Ayurvedic hair care brand Sesa Care into Dabur's portfolio, with an appointed date of April 1, 2026. The company expects to leverage its distribution network and category expertise to expand Sesa Care's reach and unlock revenue and cost synergies.

• · Dabur India initially acquired 51% of the paid-up Cumulative Redeemable Preference Shares (CRPS) of Sesa Care from True North in October 2024.
• · The Scheme received requisite approvals from Dabur India's equity shareholders and unsecured creditors on May 2, 2026.
• · The merger will become effective upon completion of necessary statutory filings and other conditions stipulated under the Scheme.
• · Dabur's products reach 8 out of every 10 Indian households.

25-09-2026

The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench-I, has approved the resolution plan submitted by Advaita Trading Private Limited for Zicom Electronic Security Systems Limited under the Insolvency and Bankruptcy Code, 2016. The plan was approved by the Committee of Creditors with a 75.46% voting share, but the NCLT had previously returned the plan for reconsideration due to concerns over feasibility, viability, and valuation, particularly regarding intangible assets. The resolution professional has now been replaced, and the plan has been re-approved by the NCLT.

• · The CIRP commenced on 29.07.2022 under Section 7 of the IBC.
• · The resolution plan was originally submitted on 12.05.2023 and revised multiple times.
• · The NCLT had previously returned the plan on 03.06.2025 citing non-compliance with Section 30(2) of the Code and Regulation 38(3)(b) of the CIRP Regulations.
• · The resolution professional was replaced on 04.09.2025 with a 76.83% voting share.
• · An exclusion of 742 days from 24.08.2023 to 04.09.2025 was granted.
• · The CIRP period was extended multiple times, with the latest extension of 30 days from 04.12.2025.

25-09-2026

TV Vision Limited, currently under Corporate Insolvency Resolution Process (CIRP), has informed the stock exchanges that the 2nd meeting of the Committee of Creditors (CoC) is scheduled for September 25, 2026. The company is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, with Alok Kumar Murarka serving as the Resolution Professional.

• · The 2nd meeting of the Committee of Creditors is scheduled for September 25, 2026.
• · The company is under CIRP as per the Insolvency and Bankruptcy Code, 2016.
• · Alok Kumar Murarka is the appointed Resolution Professional (IBBI/IPA-001/IP-P-01934/2019-2020/13006).

25-09-2026

VAS Infrastructure Limited held its 31st AGM on September 25, 2026, via video conferencing, with the company under Corporate Insolvency Resolution Process (CIRP) since March 11, 2024. The meeting was presided over by Resolution Professional Mr. Bimal Kumar Agarwal, who was appointed by NCLT on August 13, 2026, after a re-run of the resolution process was ordered. The AGM adopted the audited financial statements for FY 2025-26 and appointed secretarial auditors, while the company's future remains dependent on the CIRP outcome, including receipt of expressions of interest and approval of a resolution plan.

• · CIRP commenced on March 11, 2024, per NCLT order dated March 11, 2024.
• · NCLT Mumbai Bench appointed Mr. Bimal Kumar Agarwal as Resolution Professional on August 13, 2026 (order uploaded August 24, 2026).
• · NCLT directed a re-run of the resolution process on July 7, 2026.
• · The AGM was held via video conferencing; quorum was present.
• · Ordinary resolutions passed: adoption of audited financial statements for FY ended March 31, 2026, and appointment of M/s. Pranay Mandhana and Associates as Secretarial Auditors for FY 2026-27.
• · M/s. RSMJ and Associates appointed as Scrutinizer for voting.
• · Voting results to be announced within 48 hours of meeting conclusion.
• · The meeting lasted from 12:30 PM to 12:54 PM IST.

25-09-2026

SEBI issued a show-cause notice to Sical Logistics Limited on September 25, 2026 under Regulation 11 of the SEBI (Prohibition of Insider Trading) Regulations, 2015 for alleged violations related to insider trading. The notice cites Regulation 3(1) and Schedule B read with Regulation 9A for failure to maintain adequate internal controls and code of conduct.

• · SEBI's show-cause notice dated September 25, 2026 pertains to trading activity of two designated persons whose trades exceeded the permissible limit without pre-clearance.
• · The company has been directed to appoint an independent external auditor within 30 days to review its internal controls and compliance framework.
• · Sical Logistics has 21 days from receipt of the notice to file its reply, failing which SEBI may proceed ex-parte.
• · This is the second regulatory action against Sical Logistics in the past 12 months; SEBI had issued a warning letter in March 2026 for similar lapses.

25-09-2026

Jatalia Global Ventures Ltd, under CIRP, announced the cessation of three erstwhile directors effective 09.07.2026, following NCLT approval of its resolution plan submitted by Norfolk Technology Services Ltd. The board also appointed Ms. Manshi Gandhi as Company Secretary & Compliance Officer effective 24.09.2026. This marks a key step in the company's restructuring and plan implementation.

• · NCLT order dated 09.07.2026 approved the resolution plan in CP No. IB-263/ND/2023.
• · New directors were appointed on 08.09.2026 and intimated to BSE.
• · Board meeting held on 24.09.2026 via video conferencing.
• · Cessation of erstwhile directors effective from 09.07.2026.
• · Ms. Manshi Gandhi is an Associate member of ICSI with membership number 60088.

25-09-2026

Sun Granite Export Ltd has informed BSE that the second meeting of its Committee of Creditors (CoC) under the Corporate Insolvency Resolution Process (CIRP) is scheduled for September 30, 2026, via video conferencing. The company is undergoing insolvency proceedings, indicating significant financial distress.

• · The second CoC meeting is scheduled for 30th September 2026 at 5:00 PM via video conferencing.
• · The company's CIRP is ongoing, with the Resolution Professional's IPA registration number IBBI/IPA-0024P-N0102312020-2021/13276 and AFA valid until 31.12.2026.
• · The filing is made under Regulation 30 read with sub-clause 16(e) of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015.

25-09-2026

Magnum Ventures Limited has informed the exchanges that the NCLT Allahabad Bench has pronounced its order on September 22, 2026, in relation to the First Motion Application for a Scheme of Arrangement between Magnum Ventures (Demerged Company) and its wholly owned subsidiary Magnum Paperz Limited (Resulting Company). The scheme involves the demerger of the Paper Business from Magnum Ventures into Magnum Paperz, along with a reduction of share capital of the Demerged Company and cancellation of the pre-scheme share capital of the Resulting Company. The order was uploaded on the NCLT portal on September 25, 2026.

• · The Demerged Company (Magnum Ventures) has two business verticals: Paper Business (manufacturing paper from wastepaper) and Hotel Business (Five Star Hotel under 'Country Inn & Suites by Radisson', certified all-vegetarian by HRACC, Ministry of Tourism).
• · The Resulting Company (Magnum Paperz Limited) was incorporated on September 22, 2025, as a wholly owned subsidiary of Magnum Ventures.
• · The scheme includes a reduction of share capital of the Demerged Company to realign capital structure with the residual Hotel Business, and cancellation of the pre-scheme share capital of the Resulting Company to avoid duplication of economic interests.
• · The NCLT order dispensed with meetings of Preference Shareholders of the Demerged Company and Equity Shareholders and Unsecured Creditors of the Resulting Company based on consent affidavits, and directed convening of meetings of Equity Shareholders, Secured Non-Convertible Debenture Holders, Secured Creditors, and Unsecured Creditors of the Demerged Company via video conferencing with remote e-voting.
• · The scheme is intended to provide focused management, operational flexibility, optimized capital structures, and independent growth for each business vertical.

26-09-2026

Sammaan Capital Limited announced that the NCLT, New Delhi Bench, has admitted the Second Motion Petition for the proposed Scheme of Arrangement (demerger) between Sammaan Capital Limited and Sammaan Finserve Limited, with the next hearing scheduled for November 16, 2026. The order was received on September 25, 2026, and notices have been directed to statutory authorities and newspapers. No financial figures were disclosed in this update.

• · NCLT order dated September 21, 2026, admitted the Second Motion Petition under Sections 230-232 of the Companies Act, 2013.
• · Next hearing date fixed for November 16, 2026.
• · Notices to be issued to Central Government, Regional Director (Northern Region), ROC Delhi and Haryana, Income Tax Department, BSE Limited, and RBI.
• · Notice publication required in Financial Express (English) and Jansatta (Hindi) in Delhi NCR edition.
• · Applicant must serve notices and file proof of service within four weeks; statutory authorities to submit reports within two weeks of notice receipt.
• · Petitioner may file response to reports within two weeks thereafter.
• · Order received by the company on September 25, 2026.