India NCLT Insolvency Resolution Filings — May 02, 2026

02-05-2026

ICICI Bank Limited informed stock exchanges that Mr. Radhakrishnan Nair (DIN: 07225354) retired as an Independent Director on May 1, 2026, upon completion of his second term. The notice was issued by Prachiti Lalingkar, Company Secretary, and copied to BSE Limited, National Stock Exchange of India Limited, NYSE, Singapore Stock Exchange, Japan Securities Dealers Association, and SIX Swiss Exchange Ltd.

• ·Retirement effective May 1, 2026, pursuant to completion of second term.
• ·Filing dated May 2, 2026.

02-05-2026

Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) has an open offer for up to 34,17,54,286 equity shares (26.05% of expanded voting share capital) of Sammaan Capital Limited at face value of INR 2 each. As of April 30, 2026, only 41,110 equity shares (0.01% of offer size) have been tendered into the escrow demat account, with nil shares tendered on that specific day. Tendered shares remain subject to validation and verification per SEBI (SAST) Regulations and the Letter of Offer dated April 03, 2026.

• ·Open Offer Escrow Demat Account: MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT with Ventura Securities Limited (DP ID: IN303116, Client ID: 15728188, PAN: AABCI3612A)
• ·Disclosure based on Letter of Offer dated April 03, 2026, and Addendum dated April 09, 2026

02-05-2026

TVS Motor Company reported a 7% YoY sales growth to 473,970 units in April 2026 from 443,716 units in April 2025, with strong performances in scooters (+24% to 211,158 units), EVs (+36% to 37,771 units), and three-wheelers (+37% to 18,637 units). However, motorcycles declined 9% YoY to 200,039 units from 220,347 units, domestic two-wheeler growth was modest at 8% to 348,545 units, international business grew only 3% to 120,008 units, and dispatch volumes were impacted by supply chain issues including workforce shortages, raw material constraints, and limited container availability.

• ·Production expected to recover in May 2026 following countermeasures to supply chain issues.
• ·Customer retails remain robust in domestic and international markets despite dispatch impacts.

02-05-2026

Sandur Manganese & Iron Ores Limited announced that the National Company Law Tribunal, Bengaluru Bench approved the voluntary liquidation of its wholly owned subsidiary, Sandur Pellets Private Limited (SPPL), via order dated 29 April 2026 (uploaded 1 May 2026), leading to its dissolution. SPPL, incorporated on 7 May 2022, had not conducted any business operations and contributed negligible revenue, income, or net worth to the company during the last financial year. This closure has no material impact on the listed entity's operations.

• ·SPPL incorporated on 7 May 2022 with objects including production, beneficiation, pelletization, manufacturing, trading, and marketing of ferrous and non-ferrous metals and by-products
• ·NCLT order passed under Insolvency and Bankruptcy Code, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017
• ·No binding agreement for sale; date of closure aligned with NCLT order on 29 April 2026

02-05-2026

The National Company Law Tribunal, Chandigarh Bench, appointed Ms. Sunita of Ducturus Resolution Professionals Pvt Ltd as Interim Resolution Professional (IRP) for Telephone Cables Limited via order dated 19.02.2026 in C.P. No. (IB)/140/CHD/2024. On 13th March 2026, the IRP constituted the Committee of Creditors (CoC) based on verified financial claims up to 12th March 2026, totaling ₹59,208,710,586, with Omkara Assets Reconstruction Pvt Ltd holding the dominant 87.82% voting share (₹51,997,898,470). This insolvency process highlights severe financial distress for the corporate debtor, with no operational or recovery positives noted.

• ·CoC first meeting to be held within seven days of filing the constitution report
• ·Claims received and verified up to 12th March 2026
• ·NCLT order reference: C.P. No. (IB)/140/CHD/2024 dated 19.02.2026
• ·Correspondence email: cirp.telephonecables@gmail.com; Mobile: +91-9875921492

02-05-2026

Gautam Deswal, Erstwhile Resolution Professional and Chairman of Monitoring Committee for Ambition Mica Limited, successfully paid the filing fee for an Interlocutory Application (IBC) against Devenkumar Rameshbhai Patel, the Successful Resolution Applicant, at NCLT Mumbai. The payment of Rs. 1,000 was processed on April 11, 2026, via Punjab National Bank with Transaction ID 0103310215832026.

• ·Filing No: 2401105/01014/2026
• ·Transaction Date: 11-04-2026
• ·Bank: Punjab National Bank, Memnagar Branch, Ahmedabad
• ·PIN Code: 400098, State: Maharashtra, District: MUMBAI

02-05-2026

Narayana Hrudayalaya Limited disclosed the newspaper publication of Form NCLT-3A advertisement on May 02, 2026, pursuant to NCLT Bengaluru Bench order dated April 17, 2026, detailing a Scheme of Arrangement involving demerger of NH Integrated Care Private Limited into Narayana Hrudayalaya Limited. The advertisement was published in The Hindu (English) and Udayavani (Kannada), with the petition hearing scheduled for June 25, 2026. No financial impacts or performance metrics are mentioned in the filing.

• ·Petition details: CP (CAA) No.14/BB/2026 connected with CA (CAA) NO. 50/E3B/2025.
• ·Petition filed on 08.04.2026, admitted on 17.04.2026.
• ·Advertisement available on company website: www.narayanahealth.org.
• ·Advocate contact: SPJ Legal, Unit No 306, 3rd Floor, #30, Prestige Meridian II, MG Road, Bengaluru - 560 001; Ph: +91 98452 09798; Email: saji@spjlegal.com.

02-05-2026

The Committee of Creditors (CoC) of Raama Paper Mills Limited, under Corporate Insolvency Resolution Process (CIRP), has approved the Resolution Plan submitted by M/s Poddar Global Private Limited with 99.38% voting share via e-voting. The plan will now be submitted to the National Company Law Tribunal (NCLT), Prayagraj Bench, for approval under Section 31 of the Insolvency and Bankruptcy Code, 2016. Upon NCLT approval, it will become binding on the corporate debtor, employees, members, creditors, and other stakeholders.

• ·E-voting conducted from 25.04.2026 (10:00 AM) till 01.05.2026 (06:00 PM)
• ·Further updates to be shared upon receipt of NCLT order