Simplex Projects Promoter Acquires Company via NCLT Bankruptcy Approval

21 Aug 2024 CW Team

The promoter of Simplex Projects has secured approval from the National Company Law Tribunal (NCLT) to acquire the company through the bankruptcy process. This decision allows the promoter to take over the financially troubled infrastructure company, providing a lifeline for its future operations and restructuring efforts.

Simplex Projects, a well-known infrastructure firm, had faced severe financial difficulties, prompting its entry into the bankruptcy resolution process. With the NCLT?s approval, the promoter will now oversee the company's restructuring, aiming to stabilise operations and address outstanding debts. The acquisition marks a crucial turning point for the firm, which has been grappling with financial challenges for some time.

The NCLT?s decision is seen as a positive step toward reviving Simplex Projects, as it provides a clear path for the company's recovery under new ownership. The promoter?s acquisition is expected to lead to a strategic restructuring, focusing on improving operational efficiency, financial management, and project execution.

The move aligns with broader efforts in India to address insolvency issues and enable companies to regain their footing through structured bankruptcy proceedings. For Simplex Projects, this development represents an opportunity to rebuild its business and regain its standing in the infrastructure sector.

With the NCLT's nod, the company is poised to embark on a new phase of operations, guided by its promoter's vision for growth and recovery.

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..