Shriram Finance Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Karthik Travels Private Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor alleged that the Corporate Debtor d
Arihant Retail Private Limited, a private limited company incorporated in 1996 and an MSME involved in retail textile business, incurred losses since 2020 due to the Covid-19 lockdown. Consequently, a Company Petition (CP(IBC)/265(CHE)/2024) was filed by the Corporate Debtor itself under Section 10 of the IBC, 2016, fo
Sumukha Farm Products Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC, 2016, against Stalwart Agronomics Private Limited (Corporate Debtor/Respondent) for defaulting on operational debt. The Corporate Debtor, engaged in trading agricultural products, had approached the Peti
Rajalakshmy Packaging Pvt Ltd, a manufacturer of plastic products, faced severe financial difficulties starting from the COVID-19 lockdown in 2020, exacerbated by the 2021 ban on single-use plastics, which was its primary source of income. This led to a factory shutdown, loss of workforce, inability to generate revenue
Qlar Technology India Private Limited (Operational Creditor), formerly Schenck Process Solutions India Private Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Kupps & Sachs India Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Pr
Kisetsu Saison Finance (India) Private Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Radar Ventures Private Limited, the Corporate Debtor and Corporate Guarantor, for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor h
Canara Bank, as a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), against M/s. RMN Infrastructures Ltd (Corporate Debtor/Guarantor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had executed a corporate guarantee for a loa
Canara Bank Limited, as a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against GVRMP Dharwad Ramanagar Tollway Private Limited, the Corporate Debtor. The Corporate Debtor, a Special Purpose Vehicle, had avail
Punjab National Bank (Financial Creditor) filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Mr. Reji Abraham (Personal Guarantor) to initiate insolvency resolution proceedings. Mr. Reji Abraham had provided a personal guarantee for loan facilities availed by foreign entities, n
Sowcar Electricals Private Limited (Corporate Applicant/Debtor), an MSME engaged in trading electrical appliances, filed for Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016. The company faced severe financial distress due to the Covid-19 pandemic, which led to
Corporate Insolvency Resolution Process (CIRP) was initiated against Greenocare Engineering Pvt Ltd on March 24, 2025. Jayashree S Iyer was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, comprising Canara Ban
Mrs. V. Lakshmi, a personal guarantor for Vahanashree Marketing Services Private Limited, Shree Varsha Papers, and Valarthiru Print Packs, filed an application under Section 94(1) of the IBC, 2016, to initiate her insolvency resolution process. Debts are owed to Tamilnad Mercantile Bank Limited (TMB) and Mr. M. Ramacha
The Applicant, an unsecured creditor and member of the Committee of Creditors (CoC), had accepted a resolution plan offering 60% of its admitted claim, amounting to Rs. 45 Lakhs. This plan was unanimously approved by the CoC and subsequently by the NCLT on 23.12.2019.
State Bank of India, as a financial creditor, filed a Section 7 petition under the IBC, 2016, against Prakash Gold Palace Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, engaged in the jewellery business, had availed significant credit faciliti
Lakhari Resources Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Aeronet Technologies Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor was engaged in the business of wholesale trading of computer
S. Sephulohniam (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Hotel Radhaprasad Pvt. Ltd. (Corporate Guarantor) to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on a Guarantee Agreement dated 16.07.2018 for a loan of Rs.
The Liquidator, R. Raghavendran, filed a Contempt Petition against K. Paramasivam, the suspended Managing Director of Sri Maharaja Oil Imports & Exports India (P) Ltd., for alleged non-compliance with an NCLT order dated 24.01.2025 (corrected on 31.01.2025). This order directed Mr. Paramasivam to pay Rs. 12,20,99,683/-
Rajendra Mittal, proprietor of Mittal Construction Company (Operational Creditor), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Semac Consultants Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Petitioner claimed an operational debt of
Wootu Nutrition Pvt Ltd, a chain of diet and nutrition clinics, filed a Section 10 application under the IBC, 2016, for initiating CIRP against itself. The company faced severe financial distress due to unprecedented revenue loss from the Covid-19 pandemic, subsequent lockdowns, and heavy rainfall in November 2023. Thi
The Corporate Insolvency Resolution Process (CIRP) for CMYK Health Boutique Private Limited (Corporate Debtor) was initiated on 26.11.2025 based on a petition filed by a Financial Creditor under Section 7 of the IBC. Kathiresan Nachimuthu was appointed as the Interim Resolution Professional (IRP) and subsequently as th
