India

India's NCLT orders liquidation of Hero Electric Vehicles

→Resolution professionals must begin liquidation and halt insolvency process immediately

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Times of India ·
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India's NCLT ordered liquidation of Hero Electric Vehicles Pvt. Ltd. under Section 33(1)(a) of the Insolvency and Bankruptcy Code on March 3, 2026.
Why it matters
Resolution plans failed to secure 66% creditor support. Top proposal secured 47.66% of creditor votes.
Implications
  • — Resolution professionals at Hero Electric must commence liquidation immediately or breach the NCLT order.

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Times of India
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