Impex Ferro Tech Limited enters Corporate Insolvency Resolution Process

IBC 22 Jun 2026 · Filed / open· ✓ Verified

Impex Ferro Tech Limited, a listed entity on NSE, has communicated its entry into the Corporate Insolvency Resolution Process (CIRP). The company filed a postfacto intimation document (dated 22 Jun 2026) to the NSE concerning resolutions passed at its 28th Board of Directors meeting. Under IBC 2016, CIRP typically follows either a company or creditor application alleging default; the process suspends all ongoing suits and vests control in a court-appointed Insolvency Professional. The company's board intimation suggests formal corporate governance steps were taken to acknowledge or notify the process to the stock exchange, as mandated by SEBI Listing Rules.

Why it mattersCIRP initiation triggers mandatory disclosure under Listing Rules and suspension of trading; counsel must advise on timeline for Insolvency Professional appointment, creditor claims bar date, and equity-holder dilution under IBC Chapter II.
SectorIndustrials
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