NCLT admits insolvency petition against Sun Granite Export, CIRP begins

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NCLT Cuttack Bench admitted Section 7 IBC petition filed by Minaxi Suppliers Pvt Ltd against Sun Granite Export on 5 Aug 2026. Default of Rs 3.96 crore admitted. CIRP initiated, moratorium declared, and IRP Raghunath Bhandari appointed. Company is BSE-listed (scrip 531013).

Likely market impact

CIRP and moratorium now in force. Equity holders face high uncertainty on value and recovery. Expect heavy stock price volatility.