Gunpowder Alerts has analyzed 2,282 insolvency filings since February 2026 — 40% scored neutral, 15% positive, and the median materiality score is 8 out of 10.
Insolvency disclosures track companies through India’s bankruptcy process: petitions before the NCLT, admissions into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, moratoriums, resolution plans, and liquidation orders. For shareholders these are often the most material filings a company ever makes.
The numbers below cover the insolvency-related disclosures Gunpowder has analyzed, scored for sentiment and materiality at analysis time. They describe our analyzed corpus, not every case on the NCLT’s docket.
New to this form? Read What is the NCLT? — or see how Gunpowder scores filings.
2,282
insolvency filings analyzed
8/10
median materiality
69%
high materiality (8+)
15%
scored positive
Monthly filing volume
insolvency filings analyzed by Gunpowder per calendar month, by filing date.
| Month | Filings | Relative volume |
|---|---|---|
| Feb 2026 | 21 | |
| Mar 2026 | 398 | |
| Apr 2026 | 297 | |
| May 2026 | 331 | |
| Jun 2026 | 338 | |
| Jul 2026 | 315 | |
| Aug 2026 | 262 | |
| Sep 2026 | 312 | |
| Oct 2026 | 8 | |
Sentiment distribution
Pipeline-assigned sentiment at analysis time across 2,280 scored filings.
| Positive | 332 (15%) | |
|---|---|---|
| Neutral | 909 (40%) | |
| Mixed | 133 (6%) | |
| Negative | 906 (40%) | |
Materiality score distribution
Scores run 0 (routine) to 10 (highly material); 2,282 filings scored. Median 8, 69% at 8 or above. Definitions in the methodology.
| 0 | 0 | |
|---|---|---|
| 1 | 4 | |
| 2 | 43 | |
| 3 | 130 | |
| 4 | 30 | |
| 5 | 183 | |
| 6 | 223 | |
| 7 | 87 | |
| 8 | 653 | |
| 9 | 683 | |
| 10 | 246 | |
Most frequent filers
Companies with the most insolvency filings in the analyzed corpus.
| Company | Ticker | Filings |
|---|---|---|
| SKIL Infrastructure Ltd | BSE | 46 |
| Baron Infotech Ltd | BSE | 42 |
| Quadrant Televentures Limited | BSE | 41 |
| Unitech International Ltd | BSE | 39 |
| Future Consumer Ltd | BSE | 36 |
| Reliance Home Finance Limited | NSE | 36 |
| Astron Paper & Board Mill Limited | NSE | 34 |
| Vas Infrastructure Ltd | BSE | 34 |
| Ansal Properties & Infrastructure Limited | NSE | 33 |
| Radhagobind Commercial Limited | BSE | 32 |
What this page counts
Exchange filing categories rolled into these statistics.
| Insolvency | 2,282 |
|---|
Recent insolvency coverage
- India MCA Insolvency Liquidation Filings — October 01, 2026
- India NCLT Insolvency Resolution Filings — October 01, 2026
- India MCA Insolvency Liquidation Filings — September 30, 2026
- India Stock Market Daily Regulatory Digest — September 30, 2026
- India MCA Insolvency Liquidation Filings — September 29, 2026
- Browse the live hub →
An NCLT admission can halve a stock before most investors hear about it. Gunpowder flags insolvency filings the moment they are disclosed and scores how material each development is.
₹500/mo after a 14-day free trial — no credit card required. See pricing.