63 moons subsidiary Ticker updates on NCLT order affecting Baron Infotech resolution

Business Desk — Wed, 06 May 2026 03:21:56 +0000

63 moons technologies limited’s non-material subsidiary, Ticker Limited, has provided an update regarding the ongoing resolution process of Baron Infotech Limited. The update follows a communication from Mr. Vivek Kumar Ratakonda, the prospective Resolution Applicant, concerning a recent order from the National Company Law Tribunal (NCLT), Hyderabad Bench.

The NCLT order, dated May 5, 2026, directs the Resolution Professional (RP) to consider the legal and procedural contentions raised by Mr. Ratakonda. The tribunal has instructed that these contentions must be addressed before finalising the resolution plan for Baron Infotech Limited. This development implies that the resolution plan approved by the Committee of Creditors (CoC) is not yet final, pending NCLT approval.

Mr. Ratakonda emphasised that the RP has filed the resolution plan with the NCLT, but the order regarding his contentions has not been communicated to the BSE. This omission, according to Mr. Ratakonda, results in a lack of full transparency in the public disclosures made by the RP.

The communication from Ticker Limited highlights the importance of the NCLT’s directive and the need for the RP to adhere to legal procedures before proceeding with the resolution plan. The update underscores the ongoing complexities in the resolution process of Baron Infotech Limited and the critical role of the NCLT in ensuring due process is followed.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Baron Infotech Limited | Business Upturn

63 moons subsidiary Ticker updates on NCLT order affecting Baron Infotech resolution