Public Announcement made pursuant to order passed by the tribunal under Section 7 of IBC, 2016 against Radhagobind Commercial Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Tribunal (Kolkata Bench) has admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process (CIRP) against Radhagobind Commercial Limited, with the insolvency commencement date set as 30 October 2025. Adv. Najeeb T P has been appointed as the Interim Resolution Professional (IRP), who has issued a public announcement on 3 November 2025 in Financial Express (English) and Aajkal (Bengali) inviting creditors to submit their claims. The last date for submitting claims is 12 November 2025, and the estimated date for closing the insolvency process is 27 April 2026. The company, incorporated in 1981 with its registered office in Kolkata, is listed on BSE (Scrip Code 030070) and Calcutta Stock Exchange (Scrip Code 539673).
This is a clearly negative development for shareholders, signalling serious financial distress and the formal initiation of insolvency proceedings against the company. Trading in the stock is likely to remain suspended or face heavy volatility, and existing equity holders could face significant dilution or total loss depending on the outcome of the resolution process.