Intelligence note
Admitted to insolvency on 14 May 2026 by the Kolkata bench, on a petition by SREI Equipment Finance Limited (a financial creditor). The process is 132 days old as of 23 Sep 2026; cases that ended in a resolution plan took a median of 627 days. Bijay Murmuria is the resolution professional. Expressions of interest are open until 23 Sep 2026 - today; the invitation has been issued twice.
Case details
CIN
U40100WB1995PTC070451
Incorporated
1995
Registered State
West Bengal
NCLT Bench
Kolkata
Petition
Company Petition (IB) No. 67/KB/2025
Initiated by
FC — SREI Equipment Finance Limited
Public Announcement
18 May 2026
EoI Last Date
23 Sep 2026
PRA List Date
03 Oct 2026
Objections By
08 Oct 2026
Commencement
14 May 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 May 2026
Public announcement
Admission announced — claims invited
08 Sep 2026
Expressions of interest invited
Form G round 1 | RP: Mr. Bijay Murmuria | EoI closes 08 Sep 2026
23 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
08 Oct 2026
Case timeline
14 May 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT Kolkata
18 May 2026
Public announcement
Admission announced — claims invited
08 Sep 2026
Expressions of interest invited
Form G round 1 | RP: Mr. Bijay Murmuria | EoI closes 08 Sep 2026
23 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
4 months elapsed · in cirp so far
Company
Type
Private · Company limited by shares
Listing
Unlisted
Incorporated
30 Mar 1995
Authorised capital
Rs 1.00 Cr
Paid-up capital
Rs 10.62 L
Industry (MCA)
Electricity, Gas and Water companies
ROC
ROC Kolkata
Company status
Active
Registered address
Room No. 701, 7th Floor, Sidco Global Tower CN 8/2, Sector-V, Salt Lake City,Kolkata,Kolkata,West Bengal,700091-India
Claims filing history
Operational creditors ↓
2 ↓
3 ↓
4 ↓
Other stakeholders ↓
Secured FC — class of creditors ↓
Secured financial creditors ↓
FC — class of creditors (homebuyer-type) ↓
Unsecured financial creditors ↓
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Secured financial creditors | Rs 1,510.32 Cr | Rs 1,470.12 Cr | 97% |
| Unsecured financial creditors | Rs 66.52 L | Rs 66.52 L | 100% |
| Operational creditors | Rs 40.17 L | Rs 40.17 L | 100% |
| FC — class of creditors (homebuyer-type) (list printed NIL) | Rs 0 | Rs 0 | — |
| Secured FC — class of creditors (list printed NIL) | Rs 0 | Rs 0 | — |
| Other stakeholders (list printed NIL) | Rs 0 | Rs 0 | — |
| Total of listed classes | Rs 1,511.39 Cr | Rs 1,471.18 Cr | 97% |
Of Rs 1,511.39 Cr claimed across these classes, Rs 1,471.18 Cr stands admitted — 97 paise per Rs 1 claimed made it past verification.
v2 · latest
as on 16 Jul 2026 · filed by Mr. Bijay Murmuria
v1
as on 14 May 2026 · filed by Mr. Bijay Murmuria
Sources, basis and disclaimers → ·
report an error
Key parties
Resolution Professional
17 IBBI mandates · 134.2% of liquidation value realised across concluded work
IRP at commencement
Bijay Murmuria → · May 2026
CIRP initiated by
SREI Equipment Finance Limited FC
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