Pradhin Ltd Faces Corporate Insolvency Resolution Process

Pradhin Limited has been admitted into Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Chennai. The order, dated 02.07.2026, was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, following an application by financial creditor Tatad Nayan Gautambhai. The NCLT has appointed Mr. Rajesh Jasti as the Interim Resolution Professional (IRP). Consequently, the powers of Pradhin Ltd's Board of Directors are suspended and vested with the IRP, who will manage the company as a going concern. The financial debt leading to this action is ₹12,98,00,000, with a default date of 30.09.2025.