India

India's National Company Law Tribunal orders liquidation of Hero Electric Vehicles

Financial Services Mergers & Acquisitions Manufacturing Energy Transition
Times of India ·
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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.
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Times of India
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