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Home/ Cases/ NILACHAKRA METAL PROCESSORS PRIVATE LIMITED
● UNDER CIRP

NILACHAKRA METAL PROCESSORS PRIVATE LIMITED

Corporate insolvency resolution — proceedings ongoing · source: NCLT order (pre-PA) - Newly Admitted

Admitted by NCLT on 23 Sep 2026. IBBI's public announcement is awaited; the claim deadline and other IBBI details will appear here once it is published.

Business: The applicant says the company is engaged in the business of manufacturing of basic iron and steel; registered office at Shop No- A-113, Nirmal Market Power house Rourkela, Dist-Sundergarh, Odisha 769001. · 22 years old at admission

Bench NCLT Cuttack CIN U27101OR2004PTC007668 Admitted 23 Sep 2026 Initiated by OC — Soubhagya Minerals
CIRP statutory clock · day 5 of the process
180d
base 270d
extended 330d
outer limit
Admitted 23 Sep 2026 · 5 days elapsed 175 days to the 180-day base deadline
OWED MONEY BY THIS COMPANY?
The last date in the public announcement is not on our record. Regulation 12 lets a creditor file up to 22 Dec 2026 — 85 days left — ninety days from admission on 23 Sep 2026, or later still if the request for resolution plans has not yet gone out. File with SWETA AGARWALA on the official form for your creditor category.
Reg. 12, IBBI (CIRP) Regulations 2016
How to file your claim → The professional’s record →
Public Announcement
—
CIRP admission notice
EoI Deadline
—
expression of interest
PRA List
—
prospective applicants
Objections By
—
to provisional list
In CIRP
5d
since admission
Statutory Position
Day 5
175d to 180-day base

Intelligence note

Admitted to insolvency on 23 Sep 2026 by the Cuttack bench, on a petition by SOUBHAGYA MINERALS (an operational creditor). The process is 5 days old as of 28 Sep 2026; cases that ended in a resolution plan took a median of 624 days. SWETA AGARWALA is the resolution professional.

Soubhagya Minerals, an iron-ore trading firm, filed under Section 9 claiming Rs. 2,85,12,301/- for iron ore supplied, after crediting Rs. 1,30,00,000/- paid on 12-Apr-2024 and a Rs. 35,48,570/- adjustment; the date of default was amended from 13-Feb-2024 to 09-Mar-2024. The debtor alleged a forged purchase order, sub-grade ore and a settlement leaving only Rs.5,00,000/-; the tribunal found no dispute raised before the demand notice. Ms. Sweta Agarwala was appointed IRP from the IBBI panel. The Cuttack bench admitted the petition on 23-Sep-2026.

Case details

CIN
U27101OR2004PTC007668
Incorporated
2004
Registered State
Odisha
NCLT Bench
Cuttack
Petition
CP(IB) No. 41/CB/2024
Initiated by
OC — SOUBHAGYA MINERALS
Commencement
23 Sep 2026

NCLT Cuttack: median 537 days admission → verdict · 35% of concluded matters ended in plan approval (n=49, full record) · all benches →

Recent movement

full timeline →
23 Sep 2026
CIRP commenced
Insolvency proceedings began · NCLT Cuttack
During process
Resolution Professional
Sweta Agarwala
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources

Financial summary

Claimed in default
Rs 2.85 Cr claimed — not yet crystallised

Case timeline

23 Sep 2026
CIRP commenced
Insolvency proceedings began · NCLT Cuttack
During process
Resolution Professional
Sweta Agarwala
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources

Business, promoters & security

Business: The applicant says the company is engaged in the business of manufacturing of basic iron and steel; registered office at Shop No- A-113, Nirmal Market Power house Rourkela, Dist-Sundergarh, Odisha 769001.

Petition
CP(IB) No. 41/CB/2024 · Section 9
Sources, basis and disclaimers → ·
report an error
Key parties
Resolution Professional
Sweta Agarwala →
IRP at commencement
Sweta Agarwala → · Sep 2026
CIRP initiated by
Soubhagya Minerals OC

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