Impex Ferro Tech Limited enters Corporate Insolvency Resolution Process

IBC 7 Jul 2026 · Filed / open· ✓ Verified

IFTL, a company engaged in ferro alloy and related production, has entered formal insolvency proceedings following an admission of a petition by the National Company Law Tribunal (NCLT) or an initiating creditor event. The company is required to constitute an Insolvency Resolution Professional (IRP) and a creditors' committee to oversee the process. The statutory timeline is 180 days from the admission date, extendable by up to 90 additional days. All creditors must submit claims by the specified deadline.

Why it mattersThe initiation triggers the 180-day (extendable) resolution window under IBC 2016; secured creditors and operational creditors will compete for claims, and the resolution process gates all material commercial decisions pending either a successful plan or liquidation.
SectorMetals & Mining
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