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India NCLT Insolvency Resolution Filings — February 10, 2026

India Corporate Insolvency & NCLT

20 high priority17 medium priority37 total filings analysed

Executive Summary

Across 37 filings dated February 10, 2026, in the India Corporate Insolvency & NCLT stream, a dominant bearish theme emerges from 9 insolvency-related disclosures involving advanced CIRP stages, with CoC meetings reaching 26th for GVK Power & Infrastructure and Jaiprakash Associates, and 13th for Arshiya Ltd, indicating prolonged resolutions well beyond the standard 180-330 day IBC timeline. No period-over-period financial comparisons, revenue growth, or margin trends are disclosed in any filing, precluding broad quantitative portfolio trends, though qualitative signals point to distress in infrastructure, power, logistics, auto ancillaries, engineering, payments tech, IT, and NBFC sectors. Major blue-chips like Apollo Hospitals (multiple corp actions, acquisition), Reliance Industries (acquisition), and Larsen & Toubro (order award, subsidiary) report neutral-to-positive routine updates with low materiality (1-7/10), contrasting sharply with critical risks (8-10/10) in insolvent firms. NCLT convening equity shareholder meetings in Gabriel India, Viksit Engineering, and InfoBeans Technologies signals potential resolution via dilutions, offering turnaround catalysts. Overall market implication: Heightened insolvency delays amplify sector-specific downside risks, while blue-chip stability supports selective longs; no insider trading, capital allocation, or forward guidance disclosed to alter conviction.

Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from February 09, 2026.

Investment Signals(12)

  • 26th CoC meeting in ongoing CIRP, prolonged process vs standard 330-day limit

  • 26th CoC meeting in CIRP, advanced stage with high liquidation risk, no resolution progress disclosed

  • Arshiya Ltd(BEARISH)

    13th CoC meeting intimation and post-facto outcome in CIRP, mid-to-late stage delays

  • 7th CoC meeting in CIRP, exceeding early-stage norms with no plan approval

  • Global Infratech & Finance(BEARISH)

    CIRP active post-RBI NBFC certificate cancellation, finance ops restricted

  • Gabriel India Ltd(BEARISH)

    NCLT-convened equity shareholder meeting in insolvency, advanced CIRP dilution risk

  • Viksit Engineering Ltd(BEARISH)

    NCLT-directed equity issuance in board agenda amid CIRP, Q3 FY26 results pending

  • NCLT-convened equity shareholder meeting in advanced IBC proceedings

  • IDBI Bank(BEARISH)

    Strikes/Lockouts/Disturbances event, operational disruption risk medium materiality 6/10

  • Acquisition disclosure plus multiple corp actions (materiality 7/10), strategic expansion signal

  • Acquisition under Reg 30, plus press release, market leader growth play

  • Order award and overseas WOS incorporation, international expansion

Risk Flags(10)

  • 26th CoC meeting signals extreme delays (>2 years likely), critical risk 8/10, liquidation probable

  • 26th CoC in prolonged insolvency, critical risk 9/10, creditor claims undisclosed

  • Arshiya Ltd/CIRP[HIGH RISK]

    Dual filings on 13th CoC intimation/outcome, high risk 8-9/10, no resolution timeline

  • 7th CoC indicates delays beyond 330 days norm, critical risk 9/10

  • Global Infratech & Finance/NBFC Loss[CRITICAL RISK]

    RBI cancellation triggers CIRP, critical risk 10/10, ops crippled

  • Gabriel India Ltd/NCLT[CRITICAL RISK]

    Equity shareholder letter for convened meeting, critical risk 10/10, default admission

  • Equity shareholder meeting convened, critical risk 10/10, advanced insolvency

  • Viksit Engineering/NCLT[HIGH RISK]

    Equity issuance per NCLT order in CIRP, high risk 9/10 dilution

  • Lockouts/disturbances with no impact details, medium risk 6/10 operational hit

  • Reg 30 disclosure lacks details on impact, low risk 4/10 but monitor

Opportunities(9)

  • Arshiya Ltd/CoC Outcome(OPPORTUNITY)

    Post-facto 13th CoC filing may precede resolution plan vote, potential turnaround

  • Ongoing meetings offer entry for resolution applicant bids, materiality 9/10

  • Viksit Engineering/NCLT Equity(OPPORTUNITY)

    Feb 14 board for Q3 results + NCLT equity issuance, dilution as resolution signal

  • Gabriel India/NCLT Meeting(OPPORTUNITY)

    Convened equity meeting could approve plan, advanced stage alpha

  • Shareholder meeting for potential resolution approval

  • Reg 30 acquisition (materiality 6-7/10) plus investor presentation, healthcare M&A upside

  • Strategic buy by conglomerate, low risk expansion play

  • New overseas WOS incorporation signals global order pipeline growth

  • 26th CoC proximity to liquidation creates asset sale/distressed buy opportunities

Sector Themes(6)

  • Prolonged CIRP Delays in Infra/Power(BEARISH SECTOR IMPACT)

    GVK Power and Jaiprakash Associates both at 26th CoC (2/9 insolvencies), Arshiya Logistics at 13th; aggregate 3/9 filings show >1-year overruns, bearish for recovery prospects

  • NCLT Equity Interventions Accelerating

    4/9 insolvencies (Gabriel Auto, Viksit Eng, InfoBeans IT, implied Global NBFC) feature NCLT meetings/orders, signaling shift to resolution/dilution vs liquidation [MIXED, WATCH FOR BIDS]

  • Healthcare Multi-Filing Activity(BULLISH OUTLIER)

    Apollo Hospitals dominates with 8/37 filings (corp actions x3, acquisition, board, presentation, analyst meet; materiality 1-7/10), neutral-bullish expansion vs insolvency distress elsewhere

  • Logistics/Payments Distress(BEARISH CLUSTER)

    Arshiya Ltd (13th CoC x2) and AGS Transact (7th CoC) highlight sector stress, no creditor details but high materiality 8-9/10

  • Blue-Chip Routine Resilience(BULLISH RELATIVE)

    Adani Ports/Ent, Reliance (x3), L&T (x3), Bharti Airtel, Tata Motors, ONGC all neutral low materiality 1-5/10 updates (acquisitions, meets), stable amid small-cap insolvencies

  • Banking Operational/Engagement Signals(MIXED)

    ICICI ESOP, Yes Bank (x2 meets), IDBI strikes, low-med risk but cluster watch for deposit/lending trends

Watch List(8)

Filing Analyses(37)
Apollo Hospitals Enterprise LimitedCorp. Actionmateriality 7/10

10-02-2026

Apollo Hospitals Enterprise LimitedCorp. Actionmateriality 7/10

10-02-2026

Adani Ports and Special Economic Zone LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Adani Ports and Special Economic Zone Ltd disclosed the outcome of its Finance Committee meeting held on February 10, 2026, as per BSE filing. No specific corporate actions such as dividends, bonus issues, splits, buybacks, or rights issues were detailed in the summary. No quantitative financial metrics, record dates, or other key details were mentioned.

Adani Ports and Special Economic Zone LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Adani Ports and Special Economic Zone Limited (532921) issued a Press Release / Media Release under Regulation 30 of SEBI (LODR) on February 10, 2026, via BSE. No specific details on corporate actions, financial metrics, quantitative data, positive or negative performance indicators, or other material information are disclosed in the provided announcement summary. Sector details are also not specified.

UnknownInsolvencybearishmateriality 10/10

10-02-2026

Global Infratech & Finance Ltd announced under Regulation 30 a change in its CIN pursuant to the RBI's cancellation of the company's NBFC certificate, which was held prior to the initiation of the CIRP process. This indicates the company is currently in the Corporate Insolvency Resolution Process stage following financial distress leading to loss of NBFC registration. No financial metrics, creditor details, default amounts, or resolution timelines are disclosed.

  • ·Insolvency Proceeding Stage: CIRP initiated (NBFC certificate held prior to initiation)
  • ·Trigger: RBI cancellation of NBFC certificate; default amount, creditor details, company size (debt/assets/revenue), management decisions NOT_DISCLOSED
  • ·Claims and Creditors: Financial/operational creditors, secured/unsecured distribution, largest creditors NOT_DISCLOSED
  • ·Resolution Prospects: Viable business, investor interest, plan terms, timeline NOT_DISCLOSED
  • ·Stakeholder Impact: Recovery %, jobs, shareholder loss, management liability NOT_DISCLOSED
  • ·Precedent Value: Similar resolutions, success rates, regulatory changes NOT_DISCLOSED
Adani Enterprises LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Adani Enterprises Limited (BSE: 512599) provided a further update on a Wall Street Journal (WSJ) article dated June 2, 2025, disclosed on BSE on February 10, 2026. No corporate actions, financial metrics, quantitative data, or specific details about the update's content are mentioned. Sector is not specified.

Mahindra & Mahindra LimitedCompany Updateneutralmateriality 4/10

10-02-2026

Mahindra & Mahindra Limited (500520) announced a restructuring under Regulation 30 (LODR) on February 10, 2026 via BSE. No details on the nature of restructuring, financial impact, timelines, or any quantitative metrics were disclosed. This informational filing lacks specifics on positive or negative implications, requiring further disclosures for assessment.

ICICI Bank LimitedCompany Updateneutralmateriality 2/10

10-02-2026

ICICI Bank Limited announced allotment of ESOP / ESPS under Regulation 30 (LODR) on February 10, 2026, via BSE filing (Scrip code: 532174). No details on quantum, share count, price, dilution impact, or any financial metrics were disclosed in the provided information. This is a routine employee incentive disclosure with no specified positive or negative implications.

GVK Power & Infrastructure LimitedInsolvencybearishmateriality 8/10

10-02-2026

GVK Power & Infrastructure Limited (BSE: 532708) is undergoing Corporate Insolvency Resolution Process (CIRP), with this filing providing an update on the Twenty Sixth meeting of the Committee of Creditors. No specific outcomes from the meeting, financial metrics, creditor details, or timelines were disclosed. The company remains in the ongoing CIRP stage without indications of resolution plan approval or liquidation.

  • ·Event date: February 10, 2026
  • ·Source: BSE
  • ·Sector: NOT_DISCLOSED
Larsen & Toubro LimitedCompany Updateneutralmateriality 3/10

10-02-2026

Larsen & Toubro Limited (500510) announced an Award of Order / Receipt of Order under Regulation 30 (LODR) on February 10, 2026 via BSE. No specific details such as order value, client, scope, sector, financial impact, or timelines were disclosed in the filing.

Maruti Suzuki India LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Maruti Suzuki India Ltd (BSE: 532500) has issued an intimation under Regulation 30 (LODR) for an Analyst / Investor Meet scheduled on February 10, 2026. No details on agenda, participants, outcomes, financial metrics, leadership changes, or any quantitative data are disclosed in the filing. This is a routine pre-event disclosure with no material information provided.

UnknownInsolvencybearishmateriality 8/10

10-02-2026

Arshiya Ltd (BSE: 506074) has disclosed the scheduling of its 13th Committee of Creditors (CoC) meeting on February 10, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). This intimation is pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements). No financial metrics, creditor details, resolution plans, or other quantitative data were provided in the filing.

  • ·BSE Code: 506074
  • ·Event Type: Corporate Insolvency Resolution Process (CIRP) - Intimation of CoC meeting
  • ·Current stage: Ongoing CIRP (13th CoC meeting indicates mid-to-late stage without resolution or liquidation mentioned)
  • ·All other details on trigger, creditors, claims, resolution prospects, and stakeholder impacts: NOT_DISCLOSED
Jaiprakash Associates LimitedInsolvencybearishmateriality 9/10

10-02-2026

Jaiprakash Associates Limited (532532) has intimated the 26th Meeting of the Committee of Creditors (CoC) under the Corporate Insolvency Resolution Process (CIRP), indicating an advanced stage in the insolvency proceedings. No details on meeting date, agenda, outcomes, creditor claims, resolution plans, or financial metrics are provided in the disclosure. This update provides no new positive developments but underscores the ongoing and prolonged nature of the CIRP.

  • ·Event Type: Insolvency - CIRP
  • ·Source: BSE
  • ·Sector: NOT_DISCLOSED
  • ·Current stage: Advanced CIRP (26th CoC meeting)
  • ·No details on default amount, creditors, claims, resolution plans, or timelines
UnknownInsolvencybearishmateriality 10/10

10-02-2026

Gabriel India Ltd (BSE: 505714) has issued a letter to equity shareholders regarding an NCLT convened meeting in the context of insolvency proceedings, announced on February 10, 2026 via BSE. No details on the meeting date, default amounts, creditors, financial position, or resolution plans are disclosed. This indicates an advanced stage in the Corporate Insolvency Resolution Process (CIRP) but lacks quantitative or timeline specifics.

  • ·Event Type: Insolvency
  • ·NCLT Convened Meeting referenced
  • ·Letter addressed to Equity Shareholders
  • ·Sector: NOT_DISCLOSED
Bharti Airtel LimitedCompany Updateneutralmateriality 3/10

10-02-2026

Bharti Airtel Limited (BSE: 532454) filed a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 10, 2026, categorized as a General event. No specific details on corporate actions, financial metrics, quantitative data, or operational changes are provided in the filing summary. No positive or negative metrics are mentioned, resulting in purely informational content.

Reliance Industries LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Reliance Industries Limited (500325) made an Announcement under Regulation 30 (LODR) - Press Release / Media Release on February 10, 2026, via BSE. No specific details on corporate actions, financial metrics, or other content are disclosed in the provided filing summary. Sector information is not specified.

Reliance Industries LimitedCompany Updateneutralmateriality 5/10

10-02-2026

Reliance Industries Limited (BSE: 500325) announced an acquisition under SEBI LODR Regulation 30 on February 10, 2026, as per BSE filing. No details on deal structure, parties involved beyond the acquirer, valuation, or financial terms were disclosed. No quantitative metrics, positive or negative changes, or scheduled events were mentioned.

Tata Motors LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Tata Motors Limited issued an Announcement under Regulation 30 (LODR) for Press Release / Media Release on February 10, 2026, via BSE (code 544569). No specific details on corporate actions, financial metrics, quantitative data, or performance indicators (positive, negative, or flat) are disclosed in the provided filing summary.

UnknownInsolvencybearishmateriality 9/10

10-02-2026

Viksit Engineering Ltd (BSE: 506196) has informed BSE of a Board meeting scheduled on February 14, 2026, to approve unaudited financial results for the quarter ended December 31, 2025, and to consider issuance of equity shares in compliance with an NCLT order. This indicates involvement in insolvency proceedings under the IBC, likely at a stage where NCLT has directed equity issuance as part of a resolution process. No financial metrics, default amounts, creditor details, or quantitative impacts are disclosed in the filing.

  • ·BSE Code: 506196
  • ·Filing Date: 2026-02-10
  • ·Quarter for Results: Ended 31 December 2025
Larsen & Toubro LimitedCompany Updateneutralmateriality 3/10

10-02-2026

Larsen & Toubro Limited has made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the incorporation of an overseas wholly owned subsidiary. No additional details such as the subsidiary's name, location, purpose, investment amount, or strategic rationale are provided in the filing.

Yes Bank LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Yes Bank Limited (532648) has issued an intimation under Regulation 30 (LODR) for an Analyst / Investor Meet scheduled on February 10, 2026. No details on agenda, time, venue, dial-in numbers, webcast, or participants were disclosed. This is a routine disclosure with no financial, operational, or governance updates provided.

Oil & Natural Gas Corporation LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Oil and Natural Gas Corporation Limited (ONGC, BSE: 500312) has filed an intimation under SEBI LODR Regulation 30 for an Analyst/Investor Meet scheduled on February 10, 2026. No details on agenda, speakers, venue, or outcomes are provided in the announcement. This is a routine disclosure with no quantitative or operational metrics disclosed.

AGS Transact Technologies LimitedInsolvencybearishmateriality 9/10

10-02-2026

AGS Transact Technologies Limited (BSE: 543451) has intimated the holding of its 7th Committee of Creditors (CoC) meeting as part of the ongoing Corporate Insolvency Resolution Process (CIRP), per BSE filing dated February 10, 2026. No financial metrics, creditor details, claims distribution, resolution plans, or timelines are disclosed in the filing. The absence of positive developments like plan approvals contrasts with the prolonged CIRP stage indicated by the 7th CoC meeting.

  • ·Event Type: CIRP - Intimation of 7th CoC meeting
  • ·Source: BSE
  • ·Filing Date: 2026-02-10
  • ·Sector: NOT_DISCLOSED
  • ·INSOLVENCY STAGE: CIRP ongoing (7th CoC meeting; post-initiation, pre-resolution/liquidation)
  • ·TRIGGER/FINANCIAL POSITION: NOT_DISCLOSED
  • ·CLAIMS/CREDITORS: NOT_DISCLOSED
  • ·RESOLUTION PROSPECTS: NOT_DISCLOSED
  • ·STAKEHOLDER IMPACT: NOT_DISCLOSED (shareholders face high wipeout risk)
  • ·PRECEDENT VALUE: NOT_DISCLOSED
Kansai Nerolac Paints LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Kansai Nerolac Paints Limited (BSE: 500165) announced its earnings call transcript under SEBI LODR Regulation 30 on February 10, 2026, sourced from BSE. No financial metrics, leadership changes, board outcomes, corporate actions, quantitative data, or performance comparisons are explicitly stated in the provided filing summary. This is a routine compliance disclosure with no positive or negative metrics disclosed.

Apollo Hospitals Enterprise LimitedCorp Actionmateriality 7/10

10-02-2026

Apollo Hospitals Enterprise LimitedCorp Actionmateriality 7/10

10-02-2026

Sammaan Capital LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Sammaan Capital Limited (BSE: 535789) announced the Earnings Call Transcript under Regulation 30 (LODR) on February 10, 2026, via BSE. No financial metrics, leadership changes, board outcomes, or quantitative data are disclosed in the provided announcement metadata. Sector details are not specified.

Apollo Hospitals Enterprise LimitedBoard Meetingneutralmateriality 1/10

10-02-2026

Apollo Hospitals Enterprise Limited (BSE: 508869) announced the outcome of its Board Meeting on February 10, 2026, via BSE. No specific details on leadership changes, governance implications, dividends, corporate actions, financial results, or strategic decisions were provided in the disclosure. All key outcomes and metrics are NOT_DISCLOSED.

Larsen & Toubro LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Larsen & Toubro Limited (500510) has filed an intimation under SEBI LODR Regulation 30 for an Analyst / Investor Meet scheduled on February 10, 2026, as announced on BSE. No details on agenda, participants, location, time, or outcomes are provided in the filing. Sector information is not specified.

Apollo Hospitals Enterprise LimitedCompany Updateneutralmateriality 6/10

10-02-2026

Apollo Hospitals Enterprise Limited (BSE: 508869) announced an Acquisition under SEBI LODR Regulation 30 on February 10, 2026 via BSE. No details on target entity, deal structure, valuation, transaction type, or financial impacts are disclosed in the provided announcement summary.

  • ·BSE stock code: 508869
  • ·Source: BSE announcement
  • ·Sector: NOT_DISCLOSED
Apollo Hospitals Enterprise LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Apollo Hospitals Enterprise Limited (BSE: 508869) has issued an intimation under SEBI LODR Regulation 30 for an Analyst / Investor Meet scheduled on February 10, 2026. No details on agenda, participants, timing, venue, dial-in details, or expected outcomes are provided in the announcement. Sector information is not specified.

IDBI Bank LimitedCompany Updatebearishmateriality 6/10

10-02-2026

IDBI Bank Limited (BSE: 500116) announced an event classified under Strikes /Lockouts / Disturbances in compliance with Regulation 30 (LODR) on February 10, 2026, via BSE. No specific details such as the nature, location, duration, scale, affected employees, or business/financial impact are disclosed in the filing. No quantitative metrics, period-over-period comparisons, or other operational/financial data provided.

UnknownInsolvencyneutralmateriality 9/10

10-02-2026

Arshiya Ltd (BSE: 506074) has provided post facto intimation for the outcome of the 13th (Thirteenth) Meeting of the Committee of Creditors under the Corporate Insolvency Resolution Process (CIRP). No specific details on meeting decisions, creditor claims, resolution plans, financial metrics, or timelines are disclosed in the filing. The announcement confirms ongoing CIRP proceedings without any quantitative updates.

  • ·Event date: February 10, 2026
  • ·Source: BSE
  • ·Event Type: Insolvency (CIRP CoC meeting outcome)
Apollo Hospitals Enterprise LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Apollo Hospitals Enterprise Limited (BSE: 508869) released an Investor Presentation on February 10, 2026, pursuant to SEBI (LODR) Regulation 30. No quantitative financial metrics, leadership changes, board outcomes, governance details, or scheduled events are explicitly stated in the provided announcement. The disclosure appears informational with no material facts or numbers disclosed.

Reliance Industries LimitedCompany Updateneutralmateriality 2/10

10-02-2026

Reliance Industries Limited (BSE: 500325) has disclosed an update on an institutional investors' meeting at the Nuvama India Conference 2026. No quantitative financial metrics, corporate actions, period-over-period comparisons, or specific details such as dates, times, agendas, or outcomes were mentioned in the filing. This appears to be a routine regulatory disclosure for investor interactions.

Yes Bank LimitedCompany Updateneutralmateriality 1/10

10-02-2026

Yes Bank Limited announced the outcome of an Analyst / Investor Meet held on February 10, 2026, under Regulation 30 (LODR) as per BSE filing. No specific details on discussions, financial metrics, leadership changes, board outcomes, or any quantitative data were disclosed in the announcement. This appears to be a routine compliance disclosure without material information.

InfoBeans Technologies LimitedInsolvencybearishmateriality 10/10

10-02-2026

NCLT has convened a meeting of the equity shareholders of InfoBeans Technologies Limited (BSE: 543644). No quantitative financial metrics, default amounts, creditor details, resolution plans, or timelines are disclosed in the filing. This development signals an advanced stage in insolvency proceedings under the IBC, with no positive turnaround indicators mentioned.

  • ·Event Type: Insolvency
  • ·NCLT Convened Meeting of Equity Shareholders
  • ·Announcement Date: February 10, 2026
  • ·Source: BSE
  • ·Sector: NOT_DISCLOSED

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India NCLT Insolvency Resolution Filings — February 10, 2026 | Gunpowder Blog