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

Radhagobind Commercial Ltd. has entered Corporate Insolvency Resolution Process (CIRP) following an NCLT order. A petition was admitted due to a default of Rs. 1.026 Cr, including Rs. 0.126 Cr in interest, on a loan from Fort Café Food Services. An Interim Resolution Professional (IRP) has been appointed, suspending the Board's powers and vesting company management with the IRP. A moratorium is now in effect, prohibiting new lawsuits, asset transfers, and recovery actions against the company. This indicates a major shift in the company's operational control and future.