Description
Trading in equity shares of Goenka Diamond and Jewels Limited (GOENKA) suspended from December 16, 2025 due to initiation of liquidation proceedings by NCLT Jaipur Bench.
Summary
National Stock Exchange of India has suspended trading in equity shares of Goenka Diamond and Jewels Limited (Symbol: GOENKA) effective from December 16, 2025 (closing hour of December 15, 2025). The suspension follows the Hon’ble NCLT Jaipur Bench’s order dated December 02, 2025 admitting the company into liquidation proceedings under the Insolvency and Bankruptcy Code. However, NCLAT Principal Bench, New Delhi has granted a stay on the appointment of liquidator vide order dated December 09, 2025.
Key Points
- Trading in GOENKA equity shares suspended from December 16, 2025
- Suspension pursuant to Regulation 3.1.2 of NSE (Capital Market) Trading Regulations, Part A
- NCLT Jaipur Bench admitted Goenka into liquidation vide order dated December 02, 2025
- Case details: IA(IBC) Plan No.04/JPR/2024, IA(IBC)No.277/JPR/2024, IA(IBC)No.289/JPR/2025 in CP No. (IB)-114/7/JPR/2019
- NCLAT has granted stay on appointment of liquidator (Company Appeal (AT) (Insolvency) No. 1946 of 2025 with No. 1949 of 2025)
- NCLAT stay order dated December 09, 2025
Regulatory Changes
This circular implements trading suspension under existing NSE Capital Market Trading Regulations, Part A, Regulation 3.1.2, which provides for suspension of trading in securities under specified circumstances including insolvency and liquidation proceedings.
Compliance Requirements
- All NSE members must cease trading in GOENKA equity shares from December 16, 2025
- Members should update their systems and communicate to clients about the trading suspension
- Existing positions and holdings remain unchanged but cannot be traded on NSE platform
Important Dates
- December 02, 2025: NCLT Jaipur Bench order admitting Goenka into liquidation
- December 09, 2025: NCLAT order granting stay on liquidator appointment
- December 15, 2025: Circular issued by NSE
- December 15, 2025 (closing hour): Last trading opportunity
- December 16, 2025: Trading suspension becomes effective
Impact Assessment
Market Impact: High - Complete halt to trading activity in GOENKA shares affects liquidity and investor ability to enter/exit positions.
Investor Impact: Severe - Existing shareholders cannot sell their holdings on NSE. New investors cannot purchase shares. The liquidation proceedings indicate financial distress, though the stay on liquidator appointment suggests ongoing legal proceedings.
Legal Status: The company is subject to concurrent proceedings at NCLT (liquidation admitted) and NCLAT (stay on liquidator), creating uncertainty about the final resolution path.
Operational Impact: Trading members must ensure compliance with suspension, update risk management systems, and handle client queries regarding inability to trade the security.
Impact Justification
Complete trading suspension of a listed security due to liquidation proceedings affects all shareholders and market participants holding or trading this stock