Rithwik Facility Management Services Ltd — Updates, 26-06-2025: Company Update

Rithwik Facility Management Services Limited is named respondent in an application filed under Section 43 of the Insolvency and Bankruptcy Code (IBC) against RR Infopark Private Limited, the corporate debtor currently under insolvency resolution. The application alleges that RR Infopark made a preferential repayment of Rs. 50 lakh security deposit to Rithwik Facility, a related party, within the one-year look-back period before the insolvency commencement. This repayment occurred outside the ordinary course of business, favoring Rithwik Facility over other creditors, including unrelated parties with pending dues. The transaction audit also highlights related-party relationships involving suspended directors. The resolution professional seeks directions to declare the transaction preferential and for recovery of the amount with interest to the corporate debtor’s estate. This case reflects concerns about preferential and potentially improper related-party transactions affecting creditor interests during insolvency proceedings.