Default30 Apr 2026, 10:43 am
PS IT Infra Faces NCLT Order for Insolvency
AI Summary
PS IT Infrastructure & Services Ltd has been admitted into insolvency under the Insolvency & Bankruptcy Code by the NCLT Mumbai bench due to default in loan/interest payments. Golden Medows Export Private Limited filed the application under Section 7 of the IBC. Mr. Rajneesh Kumar Aggarwal has been appointed as the Interim Resolution Professional (IRP). The NCLT order was pronounced on April 29, 2026, and uploaded on the NCLT portal.
Key Highlights
- NCLT Mumbai admitted PS IT Infrastructure under the Insolvency & Bankruptcy Code.
- The action follows a default in loan/interest payments.
- Rajneesh Kumar Aggarwal appointed as Interim Resolution Professional (IRP).
- Golden Medows Export Private Limited initiated the insolvency application.
- Total default amount claimed is ₹3,10,02,122 as of 30.09.2025.