Oswal Overseas Limited’s CIRP withdrawn after settlement and Committee of Creditors approval Back
<p>Oswal Overseas Limited informed the BSE Limited that the National Company Law Tribunal’s New Delhi Bench has allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the company in CP (IB) No. 655/ND/2025, following a settlement with the sole financial creditor and 100% approval from the Committee of Creditors. The tribunal’s order, dated September 2, 2026, restores Oswal Overseas Limited to its position prior to the commencement of the CIRP, discharges the Interim Resolution Professional, and dismisses the related application.</p>