We use a session cookie and first-party analytics to run this site — no third-party trackers, no ads. Details in our Privacy Policy.
RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Home/ Cases/ Cement, Glass & Ceramics/ Virgo Cements Limited
✓ RESOLVED — PLAN APPROVED

Virgo Cements Limited

Corporate insolvency resolution — resolution plan approved · Mar 2025

Metals & chemicals manufacturer · public limited company · incorporated 1986 · 37 years old at admission

Sector Cement, Glass & Ceramics Bench NCLT Guwahati CIN U26942ML1986PLC002570 Admitted 11 Dec 2023 Initiated by FC — Punjab National Bank Last process activity 05 Oct 2024 · claims re-verified
Acquired by
PRAG INDIA
Named in the NCLT plan-approval order dated 28 Mar 2025, reproduced as printed in that order. · read the order

Case record

the public record -- figures open below

Corporate insolvency record of Virgo Cements Limited, commenced 11 Dec 2023, at NCLT Guwahati, initiated by FC Punjab National Bank. Current status: Resolved. The matter concluded 28 Mar 2025.

CIN
U26942ML1986PLC002570
Incorporated
1986
Registered State
Meghalaya
NCLT Bench
Guwahati
Initiated by
FC Punjab National Bank
Commencement
11 Dec 2023
Outcome Date
28 Mar 2025
Sector
Cement, Glass & Ceramics
Resolution Professional
Subscriber access

Full case intelligence is gated

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

Admitted claims Recovery waterfall & haircut Sector benchmarks Case timeline & professionals Committee of creditors Plan value & CoC vote Intelligence note
See plans →
Just this company — Rs 1,999 · apply for access →

One company, bought outright — yours permanently, including future updates. Subscribe within 30 days and the whole Rs 1,999 comes off your first month, so starting with one case costs nothing against subscribing later.

Questions? WhatsApp us →
Other Cement, Glass & Ceramics cases
Binani Cements Ltd.
Resolved
United Seamless Tubulaar Private Limited
Resolved
Andhra Cements Limited
Resolved
Panyam Cements and Mineral Industries Limited
Resolved
Sources, basis and disclaimers → ·
report an error