Tag
Kanakadhara Ventures Pvt Ltd.
5 articles
Kanakadhara Ventures Pvt Ltd. is undergoing insolvency proceedings following petitions filed by IDBI Bank, as confirmed by the National Company Law Tribunal (NCLT) in Hyderabad. The NCLT has appointed Resolution Professionals – Kalvakolanu Murali Krishna Prasad and Azra Banu – to manage the resolution process, directing them to submit reports within ten days and setting a hearing date for September 1, 2026. This development signals significant financial distress for the company and highlights ongoing challenges within the Indian corporate sector, potentially impacting creditors and stakeholders. The protracted timeline suggests a complex resolution process ahead, underscoring the need for careful monitoring of the proceedings.
NCLT Appoints RP for Kanakadhara Ventures Insolvency
NCLT Hyderabad appoints Kalvakolanu Murali Krishna Prasad as Resolution Professional for Kanakadhara Ventures insolvency petition.
IDBI Bank filed the petition under Section 95 of IBC 2016 against per
NCLT Appoints Resolution Professional for Kanakadhara Ventures
NCLT Hyderabad appoints Azra Banu as Resolution Professional for insolvency resolution of Kanakadhara Ventures Pvt Ltd.
RP directed to submit Section 99 report within 10 days with remuneration fixed a
NCLT Appoints RP in IDBI Bank Insolvency Petition
NCLT Hyderabad appoints Kalvakolanu Murali Krishna Prasad as Resolution Professional for an insolvency petition filed by IDBI Bank.
The RP is directed to submit a report under Section 99 of IBC within
NCLT Appoints RP in IDBI Bank Insolvency Petition
NCLT Hyderabad appoints Kalvakolanu Murali Krishna Prasad as Resolution Professional for an insolvency petition against a personal guarantor.
The RP is directed to submit his report under Section 99 o
NCLT Appoints RP for Kanakadhara Ventures Insolvency
NCLT Hyderabad appoints Ms. Azra Banu as Resolution Professional for Kanakadhara Ventures insolvency petition filed by IDBI Bank.
The RP is directed to submit her report under Section 99 of IBC within