StockWatch
·
Plastic Products - Industrial
Legal21 Oct 2026, 02:19 pm

Gujarat Toolroom Ltd Initiates Corporate Insolvency Resolution Process

AI Summary

Gujarat Toolroom Limited has officially entered the Corporate Insolvency Resolution Process (CIRP) as per an order from the Hon'ble NCLT, Ahmedabad Bench, dated September 30, 2026. The petition was admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Iqbal Singh Gandhi has been appointed as the Interim Resolution Professional (IRP) to oversee the process. This intimation is for record and information purposes.

Key Highlights

  • Corporate Insolvency Resolution Process (CIRP) initiated against Gujarat Toolroom Ltd.
  • NCLT Ahmedabad admitted the petition under the Insolvency and Bankruptcy Code, 2016.
  • Mr. Iqbal Singh Gandhi appointed as Interim Resolution Professional (IRP).
  • The company is now under CIRP, managed by the IRP.