Vikas WSP Ltd — Updates, 03-07-2025: Company Update

Vikas WSP Limited is under corporate insolvency resolution, with its affairs managed by an Interim Resolution Professional since February 2022. The National Company Law Tribunal (NCLT) heard arguments related to the approval of the company's resolution plan, which is key to its restructuring process. The matter will have a further hearing, reflecting ongoing steps toward resolving the company’s financial difficulties and impacting stakeholders awaiting clarity on the company’s turnaround prospects.