Vikram Solar Limited enters Corporate Insolvency Resolution Process

IBC 29 Jun 2026 · Filed / open· ✓ Verified

Vikram Solar Limited, a renewable energy equipment manufacturer, has entered into CIRP following a petition (by creditor or debtor self-admission). The company intimated NSE of the insolvency status via formal disclosure on 29 June 2026. Under IBC 2016, the company is now subject to a maximum 180-day resolution period (extendable by 90 days) during which a Resolution Professional (RP) will manage operations and oversee creditor-led restructuring or asset realisation. The admission order determines the insolvency estate and triggers suspension of promoter actions, freezing of related-party transactions, and commencement of claims process.

Why it mattersSolar manufacturing sector insolvency triggers statutory 180-day CIRP timeline and mandatory creditor governance via Committee of Creditors (CoC); resolution plan must be voted and approved by CoC before NCLT confirmation, precedent for energy-sector distressed M&A and asset sales.
SectorEnergy & Renewables
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