Lakshya Powertech Limited — Others, 23-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Lakshya Powertech announced that the National Company Law Tribunal (NCLT) Ahmedabad rejected an application filed by Arka Projects to initiate an insolvency process against the company. The NCLT found the application frivolous, citing a pre-existing dispute between the parties. The Tribunal emphasized that the insolvency framework is for resolving insolvency, not for recovering disputed dues. This decision prevents the company from undergoing a corporate insolvency resolution process based on this specific claim, removing a potential legal overhang for shareholders.