Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Sri Krishna Stockist & Traders Pvt Ltd. Mr. Chillale Rajesh was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, and it was observed
Avanti Finance Private Limited (Financial Creditor) filed a petition under Section 7 of the IBC, 2016, against Our Food Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a default of Rs. 8,42,87,387/- arising from a loan facility. The Co
City Union Bank Ltd., the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Bhavanam Spinning Mills Private Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a default amount
City Union Bank Ltd. (Financial Creditor) filed a petition under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Bhavanam Spinning Mills Private Limited (Corporate Debtor) for a default of Rs.63,15,24,009/- as on 11.05.2026. The Corporate Debtor had availed multiple credit
IFCI Venture Capital Funds Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, against Gundlathoti Ready Mix Cement Industry Private Limited (Corporate Debtor) seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was based on a default amount of Rs. 1
This judgment addresses the Liquidator's fee entitlement and the extension of the liquidation period for IND TOB International Pvt Ltd. The Liquidator filed progress reports and claimed a monthly fee of Rs. 2 Lakhs, fixed by the Stakeholders Consultation Committee (SCC). However, the Adjudicating Authority had previous
Srei Equipment Finance Ltd (Financial Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against Vijay Mining & Infra Corp Pvt Ltd (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), for a default amount of Rs.126,86,69,150/- as of 14.10.2025. The debt originated from
Mr. Kakaraparthi Kiran Kumar (Applicant) filed a claim as an Unsecured Financial Creditor for Rs. 74,70,80,806/- against SLS Power Corporation Limited (Corporate Debtor), based on Compulsorily Convertible Debentures (CCDs) assigned from IFCI Venture. His claim was initially admitted by the Interim Resolution Profession
The Resolution Professional (RP) filed an application under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking the liquidation of the Corporate Debtor, Kallam Brothers Cottons Private Limited. The application was initially e-filed on 25.06.2026, faced registry objections, and w
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Mangalagiri Textile Mills Private Limited under Section 7 of the IBC. Mr. Immaneni Eswara Rao was appointed as the Interim Resolution Professional (IRP) and subsequently the Resolution Professional (RP). The Committee of Creditors (CoC
PPG Asian Paints Pvt Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Coastal Automobiles Pvt Ltd. An Interim Resolution Professional (IRP), Mr. K.K. Balasubramanian, was initially appointed but failed to initiate the CIRP. Subsequently, R. Hari Prasad was appointed as IRP. Investigations revealed t
The Corporate Insolvency Resolution Process (CIRP) was initiated against Suvarnabhoomi Infra Developers Pvt Ltd, and an Interim Resolution Professional (IRP) was appointed. Following the commencement of CIRP and the imposition of a moratorium, the Suspended Director, Mr. Sridhar Bollineni, transferred a total of Rs. 63
Canara Bank (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against KGOC Terminals Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016, due to a default in payment of dues amounting to Rs.64,69,67,541.47 as on 01.12.2020. The Corporate Debtor contested the petition, primari
An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Amar Dairy (Operational Creditor) against Vaasudeva Milk Foods Pvt Ltd (Corporate Debtor). The Tribunal had previously issued a Bailable Warrant against the Operational Creditor on 07.01.2026, which remained unexecuted despite
The case pertains to an application filed by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against BGR Energy Systems Limited due to a default amount of Rs. 584,67,81,149/- as of 31.08.2024. National Asset Reconstruction
Union Bank of India filed a petition under Section 7 of the IBC, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Kallam Textiles Ltd. for defaulting on a debt of Rs. 2,10,49,16,990.77 as on 31.10.2025.
Axis Bank Ltd., a Financial Creditor, filed a petition under Section 7 of the IBC, 2016 against Krishna Ganga Spinning Mills Ltd., a Corporate Debtor, for defaulting on a debt of Rs. 34,07,53,683/-.
ASREC (India) Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Visakha Prime Properties Constructions Limited for default in repayment of dues amounting to Rs. 55,84,83,415.16 as on 31.03.2025, along with futu
M/s. Trust Metals & Minerals Enterprises, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Siri Smelters & Energy Private Limited, the Corporate Debtor, due to default in repayment of a loan.
M/s. Trust Metals & Minerals Enterprises, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Siri Smelters & Energy Private Limited, the Corporate Debtor, for defaulting on a loan repayment.
