HERANBA INDUSTRIES : NCLT ALLOWS WITHDRAWAL OF INSOLVENCY PLEA ⚖️

• 🏛️ Ahmedabad NCLT has permitted withdrawal of the insolvency application filed by Haresh Petrochem Pvt Ltd against Heranba Industries • 🤝 Applicant sought withdrawal after the matter was settled between the parties • 📅 NCLT passed the final order on June 8, 2026 • ❌ Insolvency application under Section 9 of IBC stands disposed of as withdrawn • ✅ No Corporate Insolvency Resolution Process (CIRP) has been initiated against Heranba • 📌 Company stated there is no material adverse impact on Heranba Industries due to the order 🟢 Impact: Positive (Removal of insolvency-related overhang and settlement of the dispute reduces legal uncertainty for the company.)

HERANBA INDUSTRIES LTD

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