The corporate debtor, M/s Cengres Tiles Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on April 27, 2022. Mr. Navin Kanjwani was initially appointed as the Interim Resolution Professional (IRP). A public announcement of the CIRP was made on April 30, 2022, inviting claims from creditors. Subsequently, the Committee of Creditors (CoC) was constituted, comprising financial creditors such as State Bank of India (62.69%), Axis Bank Limited (31.72%), Edelweiss Asset Reconstruction Company Limited (5.45%), and Dhani Loans & Services Limited (0.14%), totaling 100% voting share.

The corporate debtor, M/s Cengres Tiles Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on April 27, 2022. Mr. Navin Kanjwani was initially appointed as the Interim Resolution Professional (IRP). A public announcement of the CIRP was made on April 30, 2022, inviting claims from creditors. Subsequently, the Committee of Creditors (CoC) was constituted, comprising financial creditors such as State Bank of India (62.69%), Axis Bank Limited (31.72%), Edelweiss Asset Reconstruction Company Limited (5.45%), and Dhani Loans & Services Limited (0.14%), totaling 100% voting share.