The Corporate Insolvency Resolution Process (CIRP) for Forbes Technosys Limited commenced on March 24, 2025, with Mr. Rakesh Kumar Jindal appointed as the Interim Resolution Professional (IRP) and subsequently acting as the Resolution Professional (RP). Despite multiple Committee of Creditors (CoC) meetings, no resolution plan was approved, nor were key agenda items like the appointment of an RP or criteria for Prospective Resolution Applicants. The statutory 180-day period for CIRP expired on September 20, 2025, without any approved resolution plan or application for extension. Consequently, the RP filed an application under Section 33(1)(a) of the IBC for the initiation of the Corporate Debtor's liquidation.

The Corporate Insolvency Resolution Process (CIRP) for Forbes Technosys Limited commenced on March 24, 2025, with Mr. Rakesh Kumar Jindal appointed as the Interim Resolution Professional (IRP) and subsequently acting as the Resolution Professional (RP). Despite multiple Committee of Creditors (CoC) meetings, no resolution plan was approved, nor were key agenda items like the appointment of an RP or criteria for Prospective Resolution Applicants. The statutory 180-day period for CIRP expired on September 20, 2025, without any approved resolution plan or application for extension. Consequently, the RP filed an application under Section 33(1)(a) of the IBC for the initiation of the Corporate Debtor's liquidation.