Intelligence note
Admitted to insolvency on 06 Aug 2025 by the Ahmedabad bench, on a petition by CFM Asset Reconstruction Private Limited. The admission order dates the default to 05 Feb 2020, 5.5 years before admission. A resolution plan was approved on 09 Sep 2026, 399 days after admission (median for resolved cases: 627 days).
Case details
CIN
U25201GJ1983PTC006485
Incorporated
1983
Registered State
Gujarat
NCLT Bench
Ahmedabad
Petition
CP (IB) 294 (AHM) 2023
Initiated by
CFM Asset Reconstruction Private Limited
Date of Default (per admission order)
05 Feb 2020
Commencement
06 Aug 2025
Outcome Date
09 Sep 2026
NCLT Ahmedabad: median 467 days admission → verdict · 32% of concluded matters ended in plan approval (n=446, full record) · all benches →
Recent movement
01 Nov 2025
Expressions of interest invited
RP: Mr. Dhaval C Khamar
08 Jan 2026
Expressions of interest invited
RP: Mr. Dhaval C Khamar
24 Mar 2026
Expressions of interest invited
RP: Mr. Dhaval C Khamar
24 Mar 2026
EoI window closed
EoI window closed | 3 rounds held
09 Sep 2026
Resolution plan approved
EoI / Form-G detail
Plan submission by
31 Mar 2026
Case timeline
06 Aug 2025
CIRP commenced
Insolvency proceedings began · NCLT Ahmedabad
01 Nov 2025
Expressions of interest invited
RP: Mr. Dhaval C Khamar
08 Jan 2026
Expressions of interest invited
RP: Mr. Dhaval C Khamar
24 Mar 2026
Expressions of interest invited
RP: Mr. Dhaval C Khamar
24 Mar 2026
EoI window closed
EoI window closed | 3 rounds held
09 Sep 2026
Resolution plan approved
13 months elapsed · admission → resolution
Company
Legal name
BHAGIRATH CONSTRUCTION COMPANY PRIVATE LIMITED
Type
Private · Company limited by shares
Listing
Unlisted
Incorporated
22 Sep 1983
Authorised capital
Rs 1.00 Cr
Paid-up capital
Rs 37.51 L
Industry (MCA)
Manufacturing (Metals and Chemicals, and products thereof)
ROC
ROC Ahmedabad
Company status
Under CIRP
Registered address
33 RAJ RATNA COMPLEX THIRD FLOOR NR NAVRANGPURA BUS STAND NAVRANGPURA 9,AHMEDABAD,Gujarat,000000-India
Claims filing history
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Secured FC — class of creditors (list printed NIL) | Rs 0 | Rs 0 | — |
v3 · latest
as on 26 Oct 2025 · filed by Mr. Dhaval C Khamar
v2
as on 18 Sep 2025 · filed by Mr. Dhaval C Khamar
v1
as on 28 Aug 2025 · filed by Mr. Dhaval C Khamar
Sources, basis and disclaimers → ·
report an error
This case vs Chemicals & Plastics
Time to resolution399 days
typical for this sector 618 days · median of 63
Key parties
IRP at commencement
Dhaval C Khamar → · Aug 2025
CIRP initiated by
CFM Asset Reconstruction Private Limited
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