Owais Metal Exits CIRP After NCLT Approves Settlement Withdrawal Order

30 September 2026

Owais Metal & Mineral Processing Ltd.

NCLT Indore on 23 Sep 2026 approved Section 12A withdrawal of CIRP initiated 13 Aug 2026 following 25 Aug 2026 settlement with Hinduja Leyland Finance and CoC approval with 96.52% votes; board restored, IRP relieved. Context: clears insolvency overhang.