India's National Company Law Tribunal orders liquidation of Hero Electric Vehicles
Change
India's National Company Law Tribunal's New Delhi Bench ordered liquidation of Hero Electric Vehicles Pvt. Ltd. on March 3, 2026 after no resolution plan secured the 66% creditor approval required under the Insolvency and Bankruptcy Code, with the leading proposal receiving 47.66% support.
Why it matters
The liquidation compels the start of statutory winding-up and asset-realisation procedures, removing the remaining route to revive the company under the insolvency framework. Creditors and interested buyers can no longer approve a resolution plan and must engage with the liquidation estate process instead.
Implications
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Topics
Mergers & Acquisitions Manufacturing Energy Transition Financial Services