Oswal Overseas Ltd — Important, 11-06-2026: Company Update

The National Company Law Tribunal has admitted an insolvency petition against Oswal Overseas Limited, initiated by LH Sugar Factories Limited due to an unpaid loan of 2.25 Cr. The Tribunal has appointed Mr. Mansij Arya as the Interim Resolution Professional (IRP) for the company. This action triggers a moratorium, prohibiting new legal proceedings, asset transfers, and enforcement of security interests against the company. This marks the beginning of the Corporate Insolvency Resolution Process, placing the company's control with the IRP to address its financial challenges, impacting its operations and shareholder value.