Info-Drive Software: Resolution Professional Appointed for CIRP
Info-Drive Software Ltd has announced the appointment of Mr. Sumeet Surendra Chimbalkar as the Resolution Professional (RP). This appointment follows an order from the Hon'ble National Company Law Tribunal (NCLT) dated 11.08.2026, read with a subsequent order dated 19.08.2026. The company was initially admitted into liquidation, but the liquidation order was stayed and later set aside by the Hon'ble National Company Law Appellate Tribunal (NCLAT). The NCLAT directed the Committee of Creditors to appoint an RP to continue the Corporate Insolvency Resolution Process (CIRP). Mr. Chimbalkar has assumed charge and will conduct the CIRP in accordance with the Insolvency and Bankruptcy Code, 2016. The company is seeking assistance from BSE for login credentials to effect necessary filings.
Key Highlights
- Mr. Sumeet Surendra Chimbalkar appointed as Resolution Professional.
- Appointment follows NCLAT order to continue Corporate Insolvency Resolution Process.
- Company was previously under liquidation, order has been set aside.
- CIRP will be conducted under the Insolvency and Bankruptcy Code, 2016.
- Seeking BSE assistance for login credentials for filings.
Price Impact
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