The Corporate Insolvency Resolution Process (CIRP) was initiated against Nexus Electro Steel Limited on 2021-03-30. Mr. Mathur Sabhapathy Viswanathan was appointed as the Interim Resolution Professional (IRP). The IRP issued Form-G on 2021-06-25, inviting Expression of Interest (EoI) from Prospective Resolution Applicants (PRA). No eligible EoI was received, leading the CoC to issue a second Form-G on 2021-08-21. Two EoIs were received in response to the second Form-G, but both were deemed ineligible. On 2022-02-01, the Adjudicating Authority appointed the Applicant, Radhakrishnan Dharmarajan, as the Resolution Professional (RP). The RP appointed SPR & Co Chartered Accountants to conduct a forensic audit. The RP filed two applications under Section 66 of IBC, 2016.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Nexus Electro Steel Limited on 2021-03-30. Mr. Mathur Sabhapathy Viswanathan was appointed as the Interim Resolution Professional (IRP). The IRP issued Form-G on 2021-06-25, inviting Expression of Interest (EoI) from Prospective Resolution Applicants (PRA). No eligible EoI was received, leading the CoC to issue a second Form-G on 2021-08-21. Two EoIs were received in response to the second Form-G, but both were deemed ineligible. On 2022-02-01, the Adjudicating Authority appointed the Applicant, Radhakrishnan Dharmarajan, as the Resolution Professional (RP). The RP appointed SPR & Co Chartered Accountants to conduct a forensic audit. The RP filed two applications under Section 66 of IBC, 2016.