Intelligence note
Admitted to insolvency on 21 Jul 2026 by the Mumbai bench, on a petition by CDP Ventures (an operational creditor). The admission order states the default at Rs 1.22 Cr. The process is 63 days old as of 22 Sep 2026; cases that ended in a resolution plan took a median of 631 days. Palak Swapnil Desai is the resolution professional. Expressions of interest are open until 04 Oct 2026 - 12 days from today.
Case details
CIN
AAE4277
Incorporated
data unavailable
NCLT Bench
Mumbai
Initiated by
OC — CDP Ventures
Public Announcement
24 Jul 2026
EoI Last Date
04 Oct 2026
PRA List Date
12 Oct 2026
Objections By
17 Oct 2026
Amount in Default (per admission order)
Rs 1.22 Cr
Commencement
21 Jul 2026
NCLT Mumbai: median 553 days admission → verdict · 34% of concluded matters ended in plan approval (n=1,248, full record) · all benches →
Recent movement
During process
Resolution Professional
Palak Swapnil Desai
24 Jul 2026
Public announcement
Admission announced — claims invited
24 Jul 2026
Form A — public announcement
Public announcement of CIRP (Form A) | IRP: Palak Swapnil Desai | claims last date 04 Aug 2026
04 Oct 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
Case timeline
21 Jul 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT Mumbai
During process
Resolution Professional
Palak Swapnil Desai
24 Jul 2026
Public announcement
Admission announced — claims invited
24 Jul 2026
Form A — public announcement
Public announcement of CIRP (Form A) | IRP: Palak Swapnil Desai | claims last date 04 Aug 2026
04 Oct 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
2 months elapsed · in cirp so far
Business, promoters & security
Real-estate developer; Sabari Gayathri and Sabari Horizon projects.
Petition
Section 9
Company
Type
data unavailable
Listing
data unavailable
Incorporated
data unavailable
Authorised capital
data unavailable
Paid-up capital
data unavailable
Industry (MCA)
data unavailable
ROC
data unavailable
Company status
data unavailable
Registered address
data unavailable
Claims filing history
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Unsecured financial creditors (list printed NIL) | Rs 0 | Rs 0 | — |
| Operational creditors (list printed NIL) | Rs 0 | Rs 0 | — |
v1 · latest
as on 10 Aug 2026 · filed by Palak Swapnil Desai
Sources, basis and disclaimers → ·
report an error
Key parties
IRP at commencement
CIRP initiated by
CDP Ventures OC
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