Intelligence note
Admitted to insolvency on 12 Jun 2026 by the Kolkata bench, on a petition by Bank of Baroda (a financial creditor). The process is 103 days old as of 23 Sep 2026; cases that ended in a resolution plan took a median of 627 days. Sanjai Kumar Gupta is the resolution professional. The window for expressions of interest closed on 22 Sep 2026; the invitation has been issued twice.
Case details
CIN
U27106WB1993PLC058995
Incorporated
1993
Registered State
West Bengal
NCLT Bench
Kolkata
Petition
C.P. (IB)/265/KB/2023
Initiated by
FC — Bank of Baroda
Public Announcement
18 Jun 2026
EoI Last Date
22 Sep 2026
PRA List Date
27 Sep 2026
Objections By
02 Oct 2026
Commencement
12 Jun 2026
NCLT Kolkata: median 441 days admission → verdict · 34% of concluded matters ended in plan approval (n=532, full record) · all benches →
Recent movement
18 Jun 2026
Admitted to CIRP
IRP: Mr. Sanjai Kumar Gupta
26 Aug 2026
EoI window closed
EoI window closed | 1 round held
26 Aug 2026
Expressions of interest invited
Form G round 1 | RP: Mr. Sanjai Kumar Gupta | EoI closes 26 Aug 2026
22 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
02 Oct 2026
Case timeline
12 Jun 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT Kolkata
18 Jun 2026
Public announcement
Admission announced — claims invited
18 Jun 2026
Admitted to CIRP
IRP: Mr. Sanjai Kumar Gupta
26 Aug 2026
EoI window closed
EoI window closed | 1 round held
26 Aug 2026
Expressions of interest invited
Form G round 1 | RP: Mr. Sanjai Kumar Gupta | EoI closes 26 Aug 2026
22 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
3 months elapsed · in cirp so far
Company
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
28 May 1993
Authorised capital
Rs 1.25 Cr
Paid-up capital
Rs 79.03 L
Industry (MCA)
Manufacturing (Metals and Chemicals, and products thereof)
ROC
ROC Kolkata
Company status
Active
Registered address
NH-6 , SOUTH CHAMRAIL,BOMBAY ROAD, NEAR LOKENATH SEVA PRATISTHAN, P.O - LIL,UAH,HOWRAH,West Bengal,711114-India
Claims filing history
v1 · latest
as on 05 Jul 2026 · filed by Mr. Sanjai Kumar Gupta
Sources, basis and disclaimers → ·
report an error
Key parties
Resolution Professional
21 IBBI mandates · 107.9% of liquidation value realised across concluded work
IRP at commencement
Sanjai Kumar Gupta → · Jun 2026
CIRP initiated by
Bank of Baroda FC
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