KSERASERAKSERASERANSE
NCLT corrects KSS resolution-plan order to name Dharmendra Dhelariya as IRP
As filed · KSS Limited has informed the Exchange about General Updates about rectification of the Resolution plan approval order dated 05th August 2026 passed by the Hon'ble NCLT Mumbai bench.
DistressLowmateriality 12 out of 100
What happened
FactThe NCLT Mumbai Bench rectified a typographical error in its 5 August 2026 order approving KSS Limited’s resolution plan submitted by Micro Capitals Private Limited. The order now names Mr. Dharmendra Dhelariya, rather than Mr. Manoj Kumar Agarwal, as the Interim Resolution Professional; the resolution plan, its terms and all other directions remain unchanged.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- The correction does not change the approved resolution plan or its terms, so the filing does not indicate any change in the company’s resolution outcome.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%