NCLT Mumbai approves resolution plan for KSS Limited; Regulation 30 intimation filed

IBC 5 Aug 2026 · Ruling· ✓ Verified

KSS Limited, a listed company, underwent a Corporate Insolvency Resolution Process. The NCLT Mumbai Bench (Court-V) issued an order on 5 August 2026 approving the resolution plan submitted during the CIRP and passing consequential orders to give effect to it. The company's disclosure to NSE on 7 August 2026 under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 intimated this order. The approval concludes the insolvency proceedings and binds all creditors and stakeholders to the terms of the approved resolution plan.

Why it mattersApproval of a resolution plan by NCLT marks successful conclusion of the CIRP process and is binding on all stakeholders; listed companies must file Regulation 30 disclosures within 2 business days of the court order.
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