Vikram Solar shares fall 3% after NCLT admits insolvency petition against the company. Here's why (opens original article in a new tab)

Vikram Solar shares declined 3% following the admission of an insolvency petition by NCLT, with the company disputing the claims and planning to appeal, while its stock price has shown significant volatility.

• Vikram Solar shares fell 3% after NCLT admitted an insolvency petition from Isitva Steels over Rs 9.44 crore in alleged unpaid dues
• Vikram Solar disputes the claim, citing a 2019 settlement agreement and plans to appeal the NCLT decision
• An interim resolution professional has been appointed as the insolvency process proceeds
• The company's share price has fluctuated significantly, dropping over 60% from its 2025 high before recovering 20% recently