Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Back to alerts
BSESun Granite Export LtdCriticalNegative
Announced Thu, 6 Aug · 19:35 IST

NCLT admits insolvency petition against Sun Granite Export

Nclt Insolvency AdmittedRegulatory & Legal View source PDFExplain this filing
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NCLT Cuttack admitted Minaxi Suppliers' Section 7 IBC petition against Sun Granite Export on 5 Aug 2026, initiating Corporate Insolvency Resolution Process. Default amount is Rs 3.95 crore. Moratorium under Section 14 is in effect, freezing suits and asset transfers. Mr Raghunath Bhandari appointed as Interim Resolution Professional.

Likely market impact

Insolvency process begins. Stock likely to face sharp decline and trading restrictions. Existing shareholders face significant risk of dilution or liquidation.