1. Supreme Court resolution - Twin Star Technologies' approved plan (95.09% CoC vote) is stuck in Civil Appeals 509, 512 and 894 of 2022 before the Supreme Court, with status quo since February 2022. A ruling in Twin Star's favor would hand the company to a new owner and restart the idle factory - the only path to revenue from today's zero.
2. Trading resumption - The de-listing application filed June 2021 remains pending with BSE and NSE, and shares have been suspended since March 2018 (NSE) and October 2018 (BSE). Approval would restore a market price for the equity, which today has no traded value against ₹2,711 cr of debt.
3. CIRP conclusion - The RP continues managing the company under Section 25 of IBC, with the 64th CoC meeting held August 21, 2026. A final resolution order ends the insolvency process, releasing the company from court management and allowing normal board control, financial reporting and operations to resume.