Vikas WSP Ltd — Important, 11-05-2026: Company Update

Vikas WSP Limited, which is under corporate insolvency resolution, had a hearing before the National Company Law Tribunal (NCLT) Chandigarh Bench. During the proceedings, an application concerning alleged fraudulent transactions was heard at length for final arguments. However, other crucial applications, including one for the approval of the Resolution Plan, could not be taken up due to time limitations. The NCLT has now listed the matter for further hearing. This ongoing judicial process is central to determining the company's resolution and addressing historical issues.