Reform Ferro Cast Limited, an unlisted public limited company incorporated on December 7, 2006, faced financial difficulties leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The company's factory has been closed since mid-2015. The CIRP was initiated on November 21, 2022, and Mr. Arun Kumar Gupta was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements and constituted the Committee of Creditors (CoC). The last date for submission of claims was December 5, 2022. The CoC comprised State Bank of India, Adhunik Dealtrade Pvt. Ltd., and Shivam Singh. Algoquant Financials LLP submitted a resolution plan, which was approved by the CoC with 100% voting share. The SRA deposited a Performance Security of Rs.

Reform Ferro Cast Limited, an unlisted public limited company incorporated on December 7, 2006, faced financial difficulties leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The company's factory has been closed since mid-2015. The CIRP was initiated on November 21, 2022, and Mr. Arun Kumar Gupta was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements and constituted the Committee of Creditors (CoC). The last date for submission of claims was December 5, 2022. The CoC comprised State Bank of India, Adhunik Dealtrade Pvt. Ltd., and Shivam Singh. Algoquant Financials LLP submitted a resolution plan, which was approved by the CoC with 100% voting share. The SRA deposited a Performance Security of Rs.