Intelligence note
Admitted to insolvency on 18 Sep 2026 by the New Delhi bench, on a petition by Saarthak Vanijya India Pvt. Ltd. (an operational creditor). The admission order states the default at Rs 7.29 Cr. The process is 11 days old as of 29 Sep 2026; cases that ended in a resolution plan took a median of 624 days. Rajesh Kumar Parakh is the resolution professional. Creditors have filed claims of Rs 160.20 Cr, of which Rs 160.20 Cr is admitted so far (as on 19 Oct 2024). This is process 3 of 3 on record for the company.
Saarthak Vanijya India filed under Section 9 for Rs. 7,29,27,564/- (principal) for printing paper supplied on a running account until August 2019, with the last invoice dated 28-Jan-2020; the NCLT New Delhi admitted the petition on 18-Sep-2026. This is the company's third CIRP. The first, on OPJK Paper Company's petition, was admitted on 31-Jul-2023 and appealed to the NCLAT. The second, on Canara Bank's petition, was admitted on 11-Jun-2024 and closed by the NCLAT on 07-Nov-2024 after all three financial creditors - Canara Bank, HDFC Bank and State Bank of India - accepted a one-time settlement. The IRP the petitioner proposed was not appointed because his authorisation had expired; the tribunal appointed Mr. Rajesh Kumar Parakh from IBBI's panel.
Saarthak Vanijya India filed under Section 9 for Rs. 7,29,27,564/- (principal) for printing paper supplied on a running account until August 2019, with the last invoice dated 28-Jan-2020; the NCLT New Delhi admitted the petition on 18-Sep-2026. This is the company's third CIRP. The first, on OPJK Paper Company's petition, was admitted on 31-Jul-2023 and appealed to the NCLAT. The second, on Canara Bank's petition, was admitted on 11-Jun-2024 and closed by the NCLAT on 07-Nov-2024 after all three financial creditors - Canara Bank, HDFC Bank and State Bank of India - accepted a one-time settlement. The IRP the petitioner proposed was not appointed because his authorisation had expired; the tribunal appointed Mr. Rajesh Kumar Parakh from IBBI's panel.
Claims at a glance
FC 70%
OC 23%
Other 7%
Total admitted Rs 160.20 Cr · as on 19 Oct 2024
Case details
CIN
U22219DL1981PLC012808
Incorporated
1981
Registered State
Delhi
NCLT Bench
New Delhi
Petition
CP IB NO. 189/(ND)/2025
Initiated by
OC — Saarthak Vanijya India Pvt. Ltd.
Public Announcement
24 Sep 2026
EoI Last Date
data unavailable
PRA List Date
data unavailable
Objections By
data unavailable
Amount in Default (per admission order)
Rs 7.29 Cr
Commencement
18 Sep 2026
NCLT New Delhi: median 522 days admission → verdict · 35% of concluded matters ended in plan approval (n=777, full record) · all benches →
Recent movement
18 Sep 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT New Delhi
During process
Resolution Professional
Rajesh Kumar Parakh
24 Sep 2026
Public announcement
Admission announced — claims invited
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
Case timeline
18 Sep 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT New Delhi
During process
Resolution Professional
Rajesh Kumar Parakh
24 Sep 2026
Public announcement
Admission announced — claims invited
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
5 days elapsed · in cirp so far
Business, promoters & security
Petition
CP IB NO. 189/(ND)/2025 · Section 9
Company
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
11 Dec 1981
Authorised capital
Rs 20.00 Cr
Industry (MCA)
Manufacturing (Paper and Paper products, Publishing, printingand reproduction of recorded media)
ROC
ROC Delhi
Company status
Active
Registered address
Ground, 1st and 2nd floor, Mohan Co-operative,,MCIE Industrial Estate, Mathura Road 24/9 & 24/10,New Delhi,South Delhi,Delhi,110044-India
Claims filing history
Latest claims position · version 2, as on 19 Oct 2024, filed by Mr. Mukesh Kumar Grover
| Creditor class (as IBBI lists it) | Claims | Claimed | Admitted | Admitted % |
|---|---|---|---|---|
| Secured financial creditors (other than financial creditors belonging to any class of creditors) | 3 | Rs 112.66 Cr | Rs 112.66 Cr | 100% |
| Operational creditors (Government Dues) | 3 | Rs 25.51 Cr | Rs 25.51 Cr | 100% |
| Operational creditors (other than Workmen and Employees and Government Dues) | 15 | Rs 11.04 Cr | Rs 11.04 Cr | 100% |
| Other creditors, if any, (other than financial creditors and operational creditors) | 1 | Rs 11.00 Cr | Rs 11.00 Cr | 100% |
| Total (as IBBI prints it) | 22 | Rs 160.20 Cr | Rs 160.20 Cr | 100% |
Classes with no claims are not shown.
Source: IBBI claims summary for this version · IBBI PDF ↓. Claims are revised as the process runs; this page shows the latest version only.
v2 · latest
as on 19 Oct 2024 · filed by Mr. Mukesh Kumar Grover
v1
as on 02 Jul 2024 · filed by Mr. Mukesh Kumar Grover
Sources, basis and disclaimers → ·
report an error
Key parties
IRP at commencement
Rajesh Kumar Parakh · Sep 2026
CIRP initiated by
Saarthak Vanijya India Pvt. Ltd. OC
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