DPSC Limited: CIRP Admitted by NCLT Hyderabad on 15.05.2026
DPSC Limited (India Power Corporation Limited) faces Corporate Insolvency Resolution Process (CIRP) admission by NCLT Hyderabad on May 15, 2026. State Bank of India filed the petition under Section 7 of the IBC, 2016, as a financial creditor. Ms. Meenakshi Srinivasa Manoranjani appointed as IRP.
The initiation of CIRP has a direct and substantial impact on the company's operations, management, financial standing, and market perception.
The admission of a Corporate Insolvency Resolution Process (CIRP) against a company is a significant negative event, indicating severe financial distress and potential loss for stakeholders.
India Power Corporation Limited (formerly DPSC Limited) has announced that the National Company Law Tribunal (NCLT), Hyderabad Bench-I, has admitted a petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the company. The petition was filed by State Bank of India, acting as a Financial Creditor. The NCLT's order, dated 15.05.2026, also appointed Ms. Meenakshi Srinivasa Manoranjani as the Interim Resolution Professional (IRP).
The CIRP initiation stems from a Company Petition IB/205/2021 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. This petition was filed by State Bank of India against India Power Corporation Limited in its capacity as a Corporate Guarantor for financial facilities availed by M/s. Meenakshi Energy Limited. The NCLT's order on 15.05.2026 followed a remand from the Hon'ble Supreme Court, which had set aside earlier orders and directed a fresh consideration of the matter.
The detailed order from the NCLT highlights the extensive legal proceedings, including previous rejections and appeals, leading up to this admission. The corporate debtor, India Power Corporation Limited, had raised several contentions, including disputes over the existence of financial debt, the validity of corporate guarantees, and statutory prohibitions. However, the NCLT's decision to admit the petition signifies that, at this stage, the tribunal found sufficient grounds to proceed with the CIRP.
What to do with a filing like this
DPSC Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by DPSC Limited. Read the original for the full detail.