Radhagobind Commercial Ltd — Important, 02-11-2025: Company Update

Radhagobind Commercial Ltd. is now under Corporate Insolvency Resolution Process (CIRP) as the National Company Law Tribunal admitted a petition from Fort Café Food Services Pvt. Ltd. The company defaulted on a loan totaling 1.026 Cr, including interest, which was taken for a planned rights issue. Due to financial challenges, the company was unable to repay. An Interim Resolution Professional has been appointed, and management control of Radhagobind Commercial Ltd. now vests with this professional, initiating a moratorium on all company actions. This is a crucial development for shareholders.