BSECompany Update5d ago · 7 Aug 2026, 06:59 pm

Intimation regarding Corrigendum order dated 07th August, 2026 to NCLT Admission order dated 05th August, 2026 passed by Hon''ble NCLT, Cuttack Bench (Rectification of clerical error therein)

Sun Granite Export Ltd · 531013

✦ AI SummaryInsolvency

Sun Granite Export Ltd has received a corrigendum order from the National Company Law Tribunal (NCLT) correcting a clerical error in the order admitting the company to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The correction does not affect the substantive directions in the original order.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact0/10
Market Sentiment0/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Sun Granite Export Ltd - 531013 - Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal

Attachments (1)

📄

ebef9ef1-68bd-46dd-abbb-1b78c12859c0.pdf

pdf

Download →
View document text
Sun Granite Export Ltd. Regd. Office: VILL PANIORA, P.O.-PALASPUR, KHURD A - 7 52054, ODISHA, INDIA Phone :91-674-2584 194 E-mail : sungranite@sancharnet. in, sungranite20 I 2 @yahoo.com Website : www. sungranite.co. in, CIN : L I 4 1 02OR 1 99 I PLC0 0283 4 Date: 7th August, 2026 The Manager, Listing Operation, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001 Scrip Code: 531013 Ref.: - Intimation under Reeulation 30 read with Master Circular -H0/49l14l14(n2025- CFD -P OD2t ll37 62 I 2026 dated J antaw 30. 2026 Sub: Corporate Insolvencv Resolution Process- Intimation regarding Corrigendum Order dated 07 August. 2026 to NCLT Order dated 05 Aueust. 2026 oassed bv the Hon'ble National Companv Law Tribunal. Cuttack Bench Respected Sir/ Ma'am, This is in continuation of our earlier disclosure dated 06ft August, 2026 regarding the order dated 05th August, 2026 passed by the Hon'ble National Company Law Tribunal, Cuttack Bench (o'Hon'ble NCLT"), admitting the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sun Granite Export Limited ("Company") and commencement ofthe Corporate Insolvency Resolution Process ("CfRp"l of the Company. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we hereby inform you that the Hon'ble NCLT has issued a Corrigendum Order dated 07th August, 2026 to the aforesaid order dated 05th August 2026, rectifying a clerical error therein. The correction made pursuant to the Corrigendum is clerical in nature and does not affect or otherwise alter the substantive directions contained in the order dated 05tr August, 2026. A copy of the Corrigendum Order dated 07th August, 2026, along with the original order dated 05ff August, 2026,is enclosed herewith for your information and records. The present disclosure may kindly be read in continuation of the Company's earlier disclosure dated 06ft August 2026. IPREOI You are requested to kindly take the same on record. Thanking You. For Sun Granite Export Limited Yours faithfully, rnsoMofessional pA-O I Li tJ I /l 021 lP- N0 1 A23t 2020-ZOZI I 1 3ZT 6 Raghunath Bhandari Interim Resolution Professional of Sun Granite Export Limited IP Registration no: IBBI/IPA-002/IP-N01023 12020-202111327 6 AFA Valid aptoz 31.12.2026 Correspondence Address: 402, 4th Floor, "A" Wing, Pushp Vinod No.2, S. V. Road, Borivali West, Mumbai - 400 092. Process Specific Email ID: cirp.suneranite@gmail.com Encl.: Corrigendum Order dated 07 August, 2026 to NCLT Order dated 05 August, 2026 IN- CP (IB) No. 14/CB/2026 dated 07th August, 2026. NATIONAL COMPANY LAW TRIBUNAL CUTTACK BENCH cP(IBl No. 14lCBl2o26 (An Application under Section 7 of the Insoluencg and Bankruptcg Code,2016 r/w Rule 4 of the Insoluencg and Bankruptcg (Applicationto Adjudicating Authoritg ) Rules, 2 0 1 6) In the Matter of: MINAXI SUPPLIERS PRIVATE LIMITED crN-us 1 909W8 1 996PTC 07 89 40 Having its Corporate Office at: 136-8, Ansa Industrial Estate Saki Vihar Road, Saki Naka, Andheri (E), Mumbai-4OOO72 ...... ArnLIcANT/FTNANcTAL CRppmoR VpRsus SUN GRANITE EXPORT LIMITED crN-L 4 020R 99 PLCOO2834 1 1 1 1 Having its Registered Office at: Vil1-Paniora, PO-Palaspur via Janla, Khordha, Odisha, lndia-7 52054 ....... Rpsporopur/ConroRATE DpstoR Coneu: Cnppxerr Repne KRlsnre, MpruspR (Juolcnl) Bewwaru Ler, Mpple, Msuaun (Tucnrrcelf OnppR Darp: O7.Oa.2O26 CORRIGENDUM ORDER lln Chamber) In the order dated 05.08.2026, pronounced in open court, inadvertently at Para 20 lal, the following has been stated: The Petition bearing CP (IB) No. 14/CB/2026 filed bg htnJab Natlonal Bank uruder Section 7 of the Code read with rule 4(1) of the Insoluencg & Bankruptcg (Petition to Adjudicating NCLT, CUTTACK BENCH CP(IB) No" 1.4/CB 12026 Authoritg) Rules, 2016 for initiating CIRP against Sun GnanrrB Exponr Lnwrcpo ICIN: L14102AR1991PLC002834], the Corporate Debtor, is ADMITTED. It is hereby clarified that Para 20 (a) of the order dated 0,5.0,A.20126 shall be read as: The Petition bearins CP (IB) No. 14/ CB/ 2026 filed by Minaxi Suppliers Priaate Limtted under Section 7 of the Code read with rule 4(1) of the Insoluency & Bankruptcy (Petition to Adjudicating Authority) Rules, 2016 for initiating CIRP against Sur,r GRanrre Exponr Lrurrrpn ICIN: L14102OR1991PLC002834], tlrc Corporate Debtor, is ADMITTED" The remaining portion of the order remains as it is and this order shall be treated as part of the main order dated 05.08.2026. sxfi-wani LAL MEENA MEMBER (TECHNICAL) Page 2 of2 NATIONAL COMPANY LAW TRIBUNAL CUTTACK BENCH CP(IB) No" 14lCBl2O26 (An Applicationunder Section 7 of the Insoluency arud BankruptcA Code,2116 r/w Rule 4 of the Insoluency and Bankruptcg (Application to Adjudicating Authoritg ) Rules, 2 0 1 6) In the Matter of: MINAXI SUPPLIERS PRIVATE LIMITED crN-us 909W8 996PTC 07 8940 Having its Corporate Office at: 136-8, Ansa Industrial Estate Saki Vihar Road, Saki Naka, Andheri (E), Mumbai-4OOO72 ...... Appr,rcANT/FTNANcTAL CRpprroR VpRsus SUN GRANITE EXPORT LIMITED ctN-L 4 020R 99 PLC002834 1 1 1 1 Having its Registered Office at: Vill-Paniora, PO-Palaspur via Janla, Khordha, Odisha, lndia-7 52054 ....... Rpspounpnt/ConpoRATE DpstoR OnnpR PRowourcED oN: 05.08"2026 CoReu; Cuppxerr Repna KnrsHrve, MpMspn (Juurcnl) Betwaru Lal Mpple, Muuren {TucHwrcal} Apppenaucp: Fon Appt IcANT: Mn. Pnasesn CHeupna MIsnne, ADv Mn. Ine Mrsnne, Aov Fon RoSpoNDENT: Mn. Perrre PeseN Brsnwal, Aov ORDER Ppn: Beuwaru Lel Mppue. MpvrnpR lTpcHlrcell 1. The instant application was filed on 06.02.2026 by Minaxi Suppliers Private Limited (hereinafter referred to "Applicant/Financial Creditor") under Section 7 of the Insolvency NCIT, CUTTACK BENCH cP(xB) No" 14lCB 12026 and Bankruptcy Code, 2016 (hereinafter referred to as "Code") read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (hereinafter referred to as "Adjudication Rules") for initiation of Corporate Insolvency Resolution Process ("CIRP") against Sun Granite Export Limited (hereinafter referred to as "Respondent/Corporate Debtor") for the alleged default amount of Rs" 3,95,96,OLL1- including interest calculated as on 30"IL.2O25. The Date of Default as stated by the applicant is 30.06.2025. SUMMAR.Y OF PLEADINGS CONTENTIONS BY APPLICANT: The averments made by the Financial Creditor/Applicant ("FC") in its application and as argued by the Learned Counsel are summarised as under: a" The Applicant is a private limited Non-Banking Finance Company (NBFC) limited by shares, registered under the provisions of the Companies Act, 2013, and duly registered under Section 45I of the Reserve Bank of India Act, 1934. The Respondent is a Public listed Non-Government Company limited by shares, incorporated under the provisions of the Companies Act, 1956, and is primarily engaged in the trading of commodities, real estate, and trading, manufacturing, and polishing activities of granite slabs. The Respondent/ Corporate Debtor ("CD"), in the month of April 2024, approached the FC seeking financial assistance for its business expansion and working capital obligations" Pursuant to the Board Resolution passed by the Applicant on 27.O4.2024 to sanction the loan, and the corresponding Board Resolution passed by the Respondent on 2O.O4.2O24 to avail the loan, the parties executed a formal Loan Agreement dated 3O,O4.2O24. Under the terms of the said Loan Agreement, the FC agreed to Page 2 of 17 .Siilii#IT-%"',P,T?t advance an aggregate commercial loan amount of up to Rs" 4,00,00,000 l- to be disbursed in one or multiple tranches at an interest rate of 9o/o per annum. Further, as per the agreed terms, the accumulated interest up to 31.03.2025 was payable on or before 15.O4.2025, and subsequent interest was payable on the 7th day of each succeeding month, with the entire outstanding principal and interest to be fully repaid on or before 30.A6.2025. c. The Applicant submitted that in performance of its obligat [Showing first 8,000 characters — download PDF for full document]