DPSCLTD2026-05-16DPSCLTD2026-05-162026-05-16in-capmkt:CorporateInsolvencyResolutionProcessEvent1MemberDPSCLTD2026-05-16in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberFinancialCreditorsDomain1DPSCLTD2026-05-162026-05-16in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberDPSCLTD2026-05-16in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberiso4217:INRDPSC LIMITEDDPSCLTDINE360C01024NewInitiation of CIRP pursuant to NCLT order2026-05-162026-05-15true2026-05-16State Bank of India5004758000truePetition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by State Bank of India (SBI) against India Power Corporation Limited (IPCL) in its capacity as Corporate Guarantor. Corporate Guarantee dated 23.09.2016 executed in favour of lenders for facilities granted to M/s. Meenakshi Energy Limited (Principal Borrower-MEL). MEL had defaulted. SBI invoked the Corporate Guarantee and initiated Corporate Insolvency Resolution Process (CIRP) against IPCL. Section 7 Petition held maintainable by the Hon’ble National Company Law Tribunal, Hyderabad Bench – I (NCLT). CIRP proceedings permitted by NCLT.Ms.Medarametla Srinivasa Manoranjani