Default30 Apr 2026, 10:45 am
PS IT Infrastructure & Services admitted to CIRP; IRP appointed
AI Summary
PS IT Infrastructure & Services Ltd has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT, Mumbai bench, following a default in loan and interest payments. Mr. Rajneesh Kumar Aggarwal has been appointed as the Interim Resolution Professional (IRP). The application was filed by Golden Medows Export Private Limited, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The total default amount claimed is ₹3,10,02,122 as of September 30, 2025, which includes ₹2,90,00,000 in principal from an Inter Corporate Deposit and ₹20,02,122 in interest.
Key Highlights
- PS IT Infrastructure & Services admitted to CIRP by NCLT Mumbai.
- Admission due to default in loan and interest payments.
- Mr. Rajneesh Kumar Aggarwal appointed as Interim Resolution Professional.
- Financial Creditor Golden Medows Export filed the Section 7 application.
- Total default claimed is ₹3.10 Cr as of September 30, 2025.