Intelligence note
Admitted to insolvency on 03 Dec 2025 by the Mumbai bench, on a petition by Canara Bank (a financial creditor). The admission order dates the default to 29 Jun 2023, 2.4 years before admission. The process is 292 days old as of 21 Sep 2026; cases that ended in a resolution plan took a median of 630 days. Mayank Rameshchandra Jain is the resolution professional. The window for expressions of interest closed on 19 Sep 2026; the invitation has been issued twice.
Case details
CIN
AAI5051
Incorporated
2017
Registered State
Maharashtra
NCLT Bench
Mumbai
Petition
C.P. (IB) No. 957/MB/2024
Initiated by
FC — Canara Bank
Public Announcement
05 Dec 2025
EoI Last Date
19 Sep 2026
PRA List Date
24 Sep 2026
Objections By
27 Sep 2026
Date of Default (per admission order)
29 Jun 2023
Commencement
03 Dec 2025
NCLT Mumbai: median 553 days admission → verdict · 34% of concluded matters ended in plan approval (n=1,245, full record) · all benches →
Recent movement
07 Mar 2026
EoI window closed
EoI window closed | 1 round held
07 Mar 2026
Expressions of interest invited
RP: Mr. Mayank Rameshchandra Jain
19 Sep 2026
EoI deadline
Last date for expressions of interest from resolution applicants
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
EoI / Form-G detail
Plan submission by
27 Sep 2026
Case timeline
03 Dec 2025
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT Mumbai
05 Dec 2025
Public announcement
Admission announced — claims invited
07 Mar 2026
EoI window closed
EoI window closed | 1 round held
07 Mar 2026
Expressions of interest invited
RP: Mr. Mayank Rameshchandra Jain
19 Sep 2026
EoI deadline
Last date for expressions of interest from resolution applicants
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
10 months elapsed · in cirp so far
Company
Legal name
INDIANA LED LIGHTING LLP
Type
LLP
Listing
Unlisted
Incorporated
08 Feb 2017
Authorised capital
data unavailable
Paid-up capital
data unavailable
Industry (MCA)
Manufacturing (Machinery and Equipments)
ROC
ROC Pune
Company status
Under CIRP
Registered address
Flat No. D-102, S.No. 210/2, 211/2, Park Street, Park Titanium,Wakad,,Pune,Pune,Maharashtra,India-411057
Claims filing history
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Secured financial creditors | Rs 44.79 Cr | Rs 44.79 Cr | 100% |
| Operational creditors | Rs 82.44 L | Rs 82.44 L | 100% |
| Total of listed classes | Rs 45.61 Cr | Rs 45.61 Cr | 100% |
v1 · latest
as on 05 Mar 2026 · filed by Mr. Mayank Rameshchandra Jain
Sources, basis and disclaimers → ·
report an error
Key parties
Resolution Professional
6 IBBI mandates · 87.8% of liquidation value realised across concluded work
IRP at commencement
Mayank Rameshchandra Jain → · Dec 2025
CIRP initiated by
Canara Bank FC
Get full access
Weekly intelligence digest, RP tracker, live case movement and sector analysis for ARCs, PE funds and resolution professionals.
Apply for access →That was the whole dossier — nothing held back, because this company is showcased. Every company on stressed.in carries the same depth.
Or buy any single company outright for Rs 1,999 — yours permanently, and credited in full against your first month if you subscribe within 30 days.