Corporate Insolvency Resolution Process (CIRP)
Pursuant to an order dated February 3, 2026, passed by the National Company Law Tribunal, Chandigarh Bench, Vatika Limited has been admitted into the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
In terms of the aforesaid order, Mr. Jayant Prakash has been appointed as the Interim Resolution Professional (IRP). Upon commencement of the CIRP, the management of the affairs of the Company vests with the IRP, and the powers of the Board of Directors stand suspended in accordance with Section 17 of the Insolvency and Bankruptcy Code, 2016. The IRP is responsible for managing the operations of the Company as a going concern, subject to the provisions of the Code. All CIRP-related communications, correspondence, and submission of claims shall be addressed exclusively to the IRP at ip.jayantprakash@gmail.com.