India Power Corp. (DPSC Ltd) under CIRP, invites EOI by Sep 17
India Power Corporation Limited (formerly DPSC Limited) is under Corporate Insolvency Resolution Process (CIRP) following an NCLT order on May 15, 2026. The Resolution Professional has invited Expressions of Interest (EOI) by September 17, 2026, with the submission of resolution plans due by November 2, 2026. The company reported FY26 sales of ₹627.30 Crore.
CIRP is a severe regulatory process that can lead to significant changes in the company's ownership and operations, impacting stakeholders.
The company has been admitted into Corporate Insolvency Resolution Process (CIRP), which is a significant negative event indicating financial distress.
India Power Corporation Limited, formerly DPSC Limited, has been admitted into Corporate Insolvency Resolution Process (CIRP) by the Hon'ble National Company Law Tribunal, Hyderabad Bench-I, via an order dated May 15, 2026. The Resolution Professional (RP) has published Form G on September 2, 2026, inviting Expressions of Interest (EOI) from prospective resolution applicants. This post-facto intimation follows the company's earlier notification on May 16, 2026, regarding the admission of the CIRP petition.
The advertisement, published in The Times of India, The Economic Times, and Ananda Bazar Patrika on September 2, 2026, is in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The invitation seeks EOI for India Power Corporation Limited, which operates in the power distribution and generation industry in and around Asansol-Raniganj, Paschim Bardwan, West Bengal.
The relevant particulars of the corporate debtor are provided, including its registered office address, website, details of fixed asset locations, installed capacity, and sales figures for the last financial year (FY 2025-26) amounting to ₹627.30 Crores. The number of employees and workmen as of June 30, 2026, is also stated.
Key dates for the CIRP process have been outlined: the last date for receipt of EOI is September 17, 2026; the provisional list of prospective resolution applicants will be issued on September 22, 2026; objections to the provisional list are due by September 27, 2026; the final list will be issued on September 30, 2026; the information memorandum and request for resolution plans will be issued on October 1, 2026; and the last date for submission of resolution plans is November 2, 2026.
A plain-language summary of a public exchange filing by DPSC Limited. Read the original for the full detail.