Arcbolt Space and Foods Pvt Ltd, as the Successful Resolution Applicant (SRA), sought inspection of the Corporate Debtor's plant and machinery and a fresh valuation of its assets.

The last valuation of the Corporate Debtor's assets was conducted in 2022.

A major theft occurred at the plant premises in 2023, leading to FIR No. 552 dated 21/22.12.2023 and a subsequent chargesheet.

The SRA apprehended that machinery or other inventory might have been stolen, replaced, or otherwise affected, necessitating a fresh assessment.

The SRA argued that the passage of approximately four years since the last valuation, depreciation, changes in market conditions, and the reported theft could have materially affected the value and condition of the assets.

Arcbolt Space and Foods Pvt Ltd, as the Successful Resolution Applicant (SRA), sought inspection of the Corporate Debtor's plant and machinery and a fresh valuation of its assets.

The last valuation of the Corporate Debtor's assets was conducted in 2022.

A major theft occurred at the plant premises in 2023, leading to FIR No. 552 dated 21/22.12.2023 and a subsequent chargesheet.

The SRA apprehended that machinery or other inventory might have been stolen, replaced, or otherwise affected, necessitating a fresh assessment.

The SRA argued that the passage of approximately four years since the last valuation, depreciation, changes in market conditions, and the reported theft could have materially affected the value and condition of the assets.