Setubandhan Infrastructure Ltd

Setubandhan Infrastructure Update 📉: CIRP Status & Financial Delays Explained

- CIRP initiated by State Bank of India under Section 7 of IBC, 2016.

- NCLT Mumbai admitted application on 28 November 2022, Sandeep D. Maheshwari appointed IRP (later confirmed as RP by CoC).

- Board suspended; RP now exercises powers under IBC & SEBI rules.

- Resolution Plan rejected by NCLT on 24 March 2025; appeal filed (pending at NCLAT).

- Audited financial results for March 2026 delayed—records unavailable due to non-cooperation from suspended management.

- RP pursuing legal avenues to recover documents and finalize results.