The Stakeholders Consultation Committee (SCC) of Shree Mahalaxmi Corporation Private Limited, represented by State Bank of India, filed an application under Section 60(5) of the IBC, 2016, seeking to replace the current liquidator, Mr. Debdas Chakraborty. The SCC unanimously resolved to replace Mr. Chakraborty with Mr.
Piyush Securities Private Limited (Financial Creditor) filed a Section 7 IBC petition against M/s Shree Vaishnavi Ispat Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor, a Non-Banking Financial Institution, disbursed an inter-corporate loan of Rs. 4 crores
Bank of India, as a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shree Badri Kedar Udyog Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016. The NCLT admitted the application and appointed Ms. Rachna Jhunjhunwala as Interim Resolution Professional (IRP), later co
Evanie Eco Nest Home Buyers Association, representing homebuyers, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Evanie Infrastructure Private Limited (Corporate Debtor). The homebuyers had advanced monies for fla
Assets Care & Reconstruction Enterprise Limited (Financial Creditor/Applicant) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Wizard E-Marketing Private Limited (Corporate Debtor/Respondent) for initiating Corporate Insolvency Resolution Process (CIRP). The application was bas
Rama Management & Consultancy Private Limited initiated voluntary liquidation proceedings on December 15, 2025, with Mr. Mohan Ram Goenka appointed as Liquidator. A public announcement for claims was made. Subsequently, the Board of Directors and members reconsidered the decision due to changed commercial circumstances
YES BANK LIMITED (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Ideal Aurum Nirman LLP (Corporate Debtor) due to a default in loan repayment. The Corporate Debtor had availed various cred
CFM Asset Reconstruction Private Limited, claiming to be a Financial Creditor, filed an application under Section 7 of the IBC to initiate CIRP against Sri Munisuvrata Agri International Limited (Corporate Debtor). The debt originated from working capital consortium agreements with various banks, including Standard Cha
Tribute Trading and Finance Limited (Financial Creditor) disbursed an Inter-Corporate Deposit (ICD) of Rs. 1,45,00,000/- to Florin Realtors Private Limited (Corporate Debtor) with 9% interest. The Corporate Debtor made partial interest payments but subsequently defaulted on the principal and accrued interest. The Finan
Tribute Trading and Finance Limited (Financial Creditor) filed a Section 7 application under the Insolvency and Bankruptcy Code, 2016, against Florin Realtors Private Limited (Corporate Debtor) for default in repaying an Inter-Corporate Deposit (ICD) of Rs. 1,45,00,000/-. The Corporate Debtor made partial interest paym
M/s. Jagannath Textile Company Private Limited (Financial Creditor/Applicant) filed an application under Section 7 of the IBC against M/s. ShreeSatya Sponge & Power Private Limited (Corporate Debtor/Respondent) for initiating CIRP due to an alleged default of Rs. 1,09,56,712/-. The Financial Creditor had disbursed an u
M/s Globe Capital Market Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Surya Kiran Textiles Private Limited (Corporate Debtor). The alleged default amounted to Rs. 27,83,59,616.
Mahaveer Impex (Operational Creditor) filed an application under Section 9 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Beepee Enterprise Private Limited (Corporate Debtor) for an unpaid operational debt of Rs. 2,02,24,499/-. The debt arose from the supply of textile material/fab
Akzo Nobel India Limited (later JSW Dulux Limited), as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Gopal Auto Private Limited, the Corporate Debtor. The debt arose from Bodyshop Agr
Kotak Mahindra Bank Limited (Financial Creditor) filed a Section 7 IBC application against Simaaya Ensembles Private Limited (Corporate Debtor), which acted as a corporate guarantor for Alipore Condominiums & Investments Private Limited (Principal Borrower). The Principal Borrower defaulted on multiple LAP facilities a
Axis Bank Limited, as Financial Creditor, filed a Section 7 application under the IBC, 2016, against Maa Chinnamasta Food Processors Private Limited (Corporate Debtor) for initiating CIRP due to default in repayment of credit facilities totaling INR 22,03,24,509.99/-. The Corporate Debtor contested the application on g
Roofers Infrastructure India Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) by NCLAT on 11.02.2025. Mr. Tapan Chakraborty was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). Public announcements w
Pink City Fincap Private Limited (Financial Creditor) filed a Section 7 application against Arthmate Tech Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP), claiming a default on Optionally Convertible Debentures (OCDs) and accrued interest. The Corporate Debtor subsequent
Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Riverbank Developers Private Limited. Mr. Sujay Shankar Mukherjee, an allottee of a flat and car parking space in the Corporate Debtor's project, filed an application seeking reinstatement of his allotment or an alternative unit. He had previo
Paymark Payment Technologies & Services Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on December 13, 2024, with Mr. Hansraj Jaria appointed as Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Claims were received from one unsecured financia
