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Pradhin Limited is in the business of producing, marketing and trading in all kinds of dairy products.Product Profile: Presently, the company deals in 5 variants of dairy products viz., a) Pure Ghee b) Skimmed Milk Powder c) White Butter d) Yellow Butter e) Dairy Whitener
Pradhin Limited's Committee of Creditors (CoC) at its second meeting admitted total claims of Rs. 23.47 Cr, including Rs. 23.24 Cr from financial creditors. A shareholder raised serious allegations of Rs. 110+ Cr fund siphoning and questioned the eligibility of two financial creditors, claiming their advances were for share warrants,...
Pradhin Limited, currently undergoing a Corporate Insolvency Resolution Process (CIRP), announced the conclusion of its first Committee of Creditors (CoC) meeting. This gathering is a critical step in the company's insolvency proceedings. The process began following an order from the National Company Law Tribunal, admitting the company into CIRP. The...
Pradhin Limited, currently undergoing Corporate Insolvency Resolution Process, has formally filed its list of admitted creditors. The company faces admitted financial claims totaling ₹23.24 Cr from two unsecured financial creditors, who collectively hold 100% of the voting share in the Committee of Creditors. Additionally, operational creditors include Government dues of...
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) against Pradhin Limited, following its default on a financial debt of Rs. 12.98 Crore. An Interim Resolution Professional has been appointed, taking over the company's management as the Board's powers are now superseded. This decision triggers a moratorium on Pradhin's...