NCLT rectifies typographical error in Resolution Plan approval order; plan terms unchanged

KSS Ltd has informed the exchanges that NCLT, Mumbai Bench, rectified a typographical error in its 5 August 2026 Resolution Plan approval order.

Thu 8 Oct 2026

NCLT Order Date

28 September 2026

Application / Case Number

IA No. 4179/2026 in C.P. (IB) No. 748(MB)/2022

IRP Name Corrected

Mr. Dharmendra Dhelariya in place of Mr. Manoj Kumar Agarwal

What the company told the exchanges

KSS Limited has informed BSE and NSE that the Hon'ble NCLT, Court-V, Mumbai Bench, has passed an order dated 28 September 2026 in IA No. 4179/2026 in C.P. (IB) No. 748(MB)/2022. This order rectifies a typographical error in the earlier order dated 5 August 2026, which approved the Resolution Plan submitted by Micro Capitals Private Limited in respect of the company.

What exactly was corrected

• In the order dated 5 August 2026, the name of the Interim Resolution Professional (IRP) had been mentioned as Mr. Manoj Kumar Agarwal.
• The IRP appointed by the Hon'ble NCLT in C.P. (IB) No. 748(MB)/2022 was Mr. Dharmendra Dhelariya.
• The NCLT found the mistake apparent from the record and directed that the name of the IRP be read as Mr. Dharmendra Dhelariya in place of Mr. Manoj Kumar Agarwal.
• The NCLT further directed that the rest of the order shall remain the same. The application was accordingly allowed and disposed of.

Who shared the application

Mr. Dharmendra Dhelariya, Chairman of the Monitoring Committee and erstwhile Resolution Professional of the Company, shared IA No. 4179/2026 under Rule 154(1) of the National Company Law Tribunal Rules, 2016, seeking rectification of the order dated 5 August 2026.

What it means for the Resolution Plan

According to the company, the rectification is confined to the correction of this typographical error and does not alter the Resolution Plan as approved, its terms, or the directions contained in the order dated 5 August 2026 in any manner.

The takeaway

• This is a correction of a name in the order, not a change to the Resolution Plan itself.
• The approval of the Resolution Plan, its terms and the directions in the 5 August 2026 order continue unchanged.
• The correction relates to the identity of the IRP recorded in the order; the company has stated that nothing else in the order changes.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.