M/S MICRO UNITS' DEVELOPMENT AND REFINANCE AGENCY LIMITED (MUDRA), a financial creditor, filed a Section 7 application under the IBC, 2016, to initiate CIRP against M/S ADHIKAR MICROFINANCE PRIVATE LIMITED, the corporate debtor, for an outstanding financial debt of Rs.1,68,30,860/-. The first default occurred on 10.11.
Candid Guard Services Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) under Section 10 of the IBC, and the Corporate Debtor was admitted into CIRP on 09.09.2025. Mr. Prabhat Jain was appointed as the Interim Resolution Professional (IRP) and subsequently constituted the Committee of Creditors (CoC).
Soubhagya Minerals (Operational Creditor) filed a Section 9 IBC application against Nilachakra Metal Processors Pvt. Ltd. (Corporate Debtor) for an operational debt of Rs. 2,85,12,301/- arising from the supply of Iron Ore. The Corporate Debtor disputed the claim, alleging forgery of purchase orders, supply of low-grade
Pancham Studios Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Konark Aquatics & Exports Pvt. Ltd. for the initiation of Corporate Insolvency Resolution Process (CIRP). This application followed a series of legal proceedings where the Hon'ble NCLAT had previously fou
Corporate Insolvency Resolution Process (CIRP) was initiated for Maa Durga Rice Processing & Exports Pvt. Ltd. (Corporate Debtor) on 04.09.2019. The CD was identified as an MSME. Mrs. Loramitra Rath, a director and guarantor, submitted a Resolution Plan which was accepted by the Committee of Creditors (CoC) on 19.01.20
Piramal Capital & Housing Finance Ltd. (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Tulsi Spices and Foods Private Limited (Corporate Debtor). The Financial Creditor had extended a project loan facility to Shree Baladevjew Infrastructure (Co-Borrower) an
This application was filed by In2IT Systems & Services Private Limited (Applicant/Financial Creditor) against In2IT Technologies Private Limited (Respondent/Corporate Debtor) on 13.01.2026 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The alleged financial debt stemmed from a Loan Agreement dated 30.09.2
A Section 7 application under the IBC-2016, CP (IB) No. 150/CTB/2019, was initially dismissed by the NCLT Cuttack Bench on January 7, 2022. This dismissal was subsequently challenged before the Hon'ble NCLAT. The NCLAT, through its order dated February 4, 2026, in CA (AT) (Ins) No. 436/2022, set aside the NCLT's order
Patnaik Steel International Limited filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against SSAB Energy and Minerals Limited seeking initiation of Corporate Insolvency Resolution Process (CIRP) for a default of Rs. 1,31,90,803/-.
M/s. Kashvi Power and Steel Pvt Ltd. filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Maa Tarini Steel LLP, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for a default of Rs. 26,40,16,000/-.
The case involves an application for the initiation of liquidation process for Nayaagarh Sugar Complex Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016.
M/s Volga Credit and Leasing Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s AJS Agro Trade Private Limited, the Corporate Debtor, due to default in repayment of a financial debt
The application IA (IB) No. 17/CB/2026 was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 31A (11) of IBBI (Liquidation Process) Regulations, 2016 and Rule 11 of the NCLT Rules, 2016 by the liquidator for replacement of the present liquidator.
The case involves an application filed under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Sambandh Finderve Private Limited, the Corporate Debtor.
Tata Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Sustainable Outreach and Universal Leadership Soul Limited, the Corporate Debtor, due to defaults in repayment of a financial debt.
Tata Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Sustainable Outreach and Universal Leadership Soul Limited, the Corporate Debtor, due to defaults in repayment of a financial debt.
Shresth Builders Pvt. Ltd. initiated CIRP against Virajaa Steel & Power Pvt. Ltd. under Section 7 of the IBC. The CIRP was admitted, and Mr. Umesh Chandra Sahoo was appointed as the Interim Resolution Professional (IRP).
M/S Sree UGCL Projects Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Geosphere Industries Pvt. Ltd. for a default of Rs. 18,56,78,817/-.
Daga Power Systems & Engineers Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against ASB Energy Systems and Construction Private Limited, claiming a default of Rs. 3,19,92,738/- along with interest.
Canara Bank, as the financial creditor, filed an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order for Grids Steel & Alloys Limited, the corporate debtor. The corporate debtor was admitted into CIRP on 31.01.2023.
