Setubandhan Infrastructure Ltd

Setubandhan Infrastructure Update: NCLT Rejects Resolution Plan ⚖️

- CIRP initiated for Setubandhan Infrastructure by State Bank of India under IBC, admitted by NCLT Mumbai on 28 November 2022.

- Sandeep D. Maheshwari appointed as IRP, later confirmed as RP by CoC on 28 December 2022.

- Resolution Plan approved by CoC but rejected by NCLT Mumbai on 24 March 2025.

- Appeal filed with NCLAT on 09 July 2025, pending adjudication.

- Trading Window closed from 01 January 2026 until 48 hours after RP Committee approves Q3 unaudited results (31 December 2025).

- Trading restrictions apply to suspended Board of Directors and Designated Employees per SEBI regulations.