The main Corporate Debtor, Sigtia Constructions Pvt. Ltd., was admitted into CIRP. The original Financial Creditor (Piramal Capital & Housing Finance Ltd./DHFL) assigned its debt to Omkara Assets Reconstruction Pvt. Ltd., which was substituted as the Financial Creditor. CIRP for four other Corporate Debtors was also initiated and subsequently consolidated with the main CD's CIRP. Mr. Jayesh Natvarlal Sanghrajka was initially appointed IRP, and later Mr. Vithal M. Dahake became the Resolution Professional for all CDs.
An Interlocutory Application (IA(IBC)(LIQ.)/ 57(MB)2026) was filed on 14.08.2026 by RP Mr. Vithal M. Dahake under Section 33 of IBC, 2016, to initiate liquidation against Sigtia Constructions Pvt. Ltd. (Corporate Debtor).
The Tribunal admitted the Main Corporate Debtor into CIRP on 07.02.2025 and appointed Mr. Jayesh Natvarlal Sanghrajka as IRP.
The Company Petition was initially filed by M/s. Piramal Capital & Housing Finance Ltd. (erstwhile FC), based on a loan disbursed by M/s. Dewan Housing Finance Ltd. (DHFL).
DHFL was admitted into CIRP on 03.12.2019, and its resolution plan was approved, leading to its reverse merger with the erstwhile FC.
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Main CD defau…
DHFL admitted into CIRP…
The main Corporate Debtor, Sigtia Constructions Pvt. Ltd., was admitted into CIRP. The original Financial Creditor (Piramal Capital & Housing Finance Ltd./DHFL) assigned its debt to Omkara Assets Reconstruction Pvt. Ltd., which was substituted as the Financial Creditor. CIRP for four other Corporate Debtors was also initiated and subsequently consolidated with the main CD's CIRP. Mr. Jayesh Natvarlal Sanghrajka was initially appointed IRP, and later Mr. Vithal M. Dahake became the Resolution Professional for all CDs.
An Interlocutory Application (IA(IBC)(LIQ.)/ 57(MB)2026) was filed on 14.08.2026 by RP Mr. Vithal M. Dahake under Section 33 of IBC, 2016, to initiate liquidation against Sigtia Constructions Pvt. Ltd. (Corporate Debtor).
The Tribunal admitted the Main Corporate Debtor into CIRP on 07.02.2025 and appointed Mr. Jayesh Natvarlal Sanghrajka as IRP.
The Company Petition was initially filed by M/s. Piramal Capital & Housing Finance Ltd. (erstwhile FC), based on a loan disbursed by M/s. Dewan Housing Finance Ltd. (DHFL).
DHFL was admitted into CIRP on 03.12.2019, and its resolution plan was approved, leading to its reverse merger with the erstwhile FC.
…Main CD defau…
DHFL admitted into CIRP…