Radhagobind Commercial Ltd — Important, 03-11-2025: Company Update

Radhagobind Commercial Ltd., a BSE-listed company, is entering the Corporate Insolvency Resolution Process (CIRP). The National Company Law Tribunal (NCLT) admitted a petition by Fort Café Food Services Pvt. Ltd. due to an unpaid loan of 1.026 Crore. This debt arose from a loan taken for a rights issue. Subsequent financial reports revealed the company's investments and loan assets had become non-performing and written off, along with a significant 3.5 Crore income tax liability. An Interim Resolution Professional has been appointed, and a moratorium is now in effect, transferring company management.