Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Regal Enterprises Limited (Corporate Debtor). The application was filed due to an alleged financial default of Rs. 1,05,74,726/- as on January 31, 2026. This default arose from an Inter-Corporate Deposit (ICD) of Rs. 1,00,00,000/- granted by the Financial Creditor to the Corporate Debtor in July 2025 for working capital and festive season inventory. The Corporate Debtor failed to repay the maturity amount by the agreed date, and two cheques issued for repayment were subsequently dishonoured on February 24, 2026, due to "Funds Insufficient".

Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Regal Enterprises Limited (Corporate Debtor). The application was filed due to an alleged financial default of Rs. 1,05,74,726/- as on January 31, 2026. This default arose from an Inter-Corporate Deposit (ICD) of Rs. 1,00,00,000/- granted by the Financial Creditor to the Corporate Debtor in July 2025 for working capital and festive season inventory. The Corporate Debtor failed to repay the maturity amount by the agreed date, and two cheques issued for repayment were subsequently dishonoured on February 24, 2026, due to "Funds Insufficient".