16-Jul-2026 19:54:10
OSWAL OVERSEAS LIMITED : NCLAT PROCEEDINGS UPDATE
• Intimation regarding proceedings before the Hon'ble National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No. 1081 of 2026. • NCLAT order dated June 24, 2026, notes amicable settlement between Oswal Overseas Limited and L H Sugar Factories Limited. • Parties are to approach the Adjudicating Authority for withdrawal of the Corporate Insolvency Resolution Process (CIRP) as per Section 12A of IBC, 2016 and Regulation 30A of CIRP Regulations, 2016. • Interim Resolution Professional (IRP) directed not to take further steps pursuant to the impugned order until the next listing date. • Matter listed for further hearing on July 8, 2026. Impact: Neutral (Procedural update on NCLAT proceedings; settlement reached, further action pending Adjudicating Authority's order.)
Oswal Overseas Ltd
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