Bank of India, as a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shree Badri Kedar Udyog Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016. The NCLT admitted the application and appointed Ms. Rachna Jhunjhunwala as Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Public announcements were made, and claims were invited, with Bank of India being the sole Financial Creditor holding 100% voting share. Despite inviting Expressions of Interest (EoI) through Form G, no resolution plan was received. Valuers assessed the Corporate Debtor's assets at NIL value. A Transaction Auditor's report led to an application for recovery of Rs. 23,08,99,230/-. The RP also filed applications
…Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Shree Badri Kedar Udyog Private Limited.
The NCLT admitted the application on 05.02.2026 and appointed Ms. Rachna Jhunjhunwala as Interim Resolution Professional (IRP).
Ms. Rachna Jhunjhunwala was confirmed as Resolution Professional (RP) in the 1st CoC Meeting.
A public announcement under Regulation 6(1) of CIRP Regulations was published in "Morning India" (English) and "Sanmarg" (Hindi).
The last date for submission of claims was 19.02.2026.
Bank of India was the sole Financial Creditor, holding 100% of the voting share.
The Committee of Creditors (CoC) was constituted under Section 21 of the Code on 05.03.2026.
…Sign in to view the parties.
Bank of India constituted under the Banking…
Beginning of the period…
Bank of India, as a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shree Badri Kedar Udyog Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016. The NCLT admitted the application and appointed Ms. Rachna Jhunjhunwala as Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Public announcements were made, and claims were invited, with Bank of India being the sole Financial Creditor holding 100% voting share. Despite inviting Expressions of Interest (EoI) through Form G, no resolution plan was received. Valuers assessed the Corporate Debtor's assets at NIL value. A Transaction Auditor's report led to an application for recovery of Rs. 23,08,99,230/-. The RP also filed applications
…Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Shree Badri Kedar Udyog Private Limited.
The NCLT admitted the application on 05.02.2026 and appointed Ms. Rachna Jhunjhunwala as Interim Resolution Professional (IRP).
Ms. Rachna Jhunjhunwala was confirmed as Resolution Professional (RP) in the 1st CoC Meeting.
A public announcement under Regulation 6(1) of CIRP Regulations was published in "Morning India" (English) and "Sanmarg" (Hindi).
The last date for submission of claims was 19.02.2026.
Bank of India was the sole Financial Creditor, holding 100% of the voting share.
The Committee of Creditors (CoC) was constituted under Section 21 of the Code on 05.03.2026.
…Bank of India constituted under the Banking…
Beginning of the period…