According to hindu_businessline, the National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing.
Vikram Solar insolvency proceedings stayed by NCLAT
The appellate tribunal's stay offers a temporary reprieve for the solar manufacturer, though the underlying financial distress remains unresolved.
VIKOVikram Solar Ltd
200.63+0.41%