Intimation under Regulation 30 of SEBI (LODR) Regulations 2015- Initiation of Corporate Insolvency Resolution Process (CIRP) and Appointment of Interim Resolution Professional (IRP)

Pradhin Ltd has been initiated with Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT) due to a financial debt of Rs. 12,98,00,000/- to Tatad Nayan Gautambhai. The company has been ordered to repay the debt, but has failed to do so, resulting in the initiation of CIRP.