Sun Granite Export Ltd faces CIRP initiation

Sun Granite Export Ltd has been admitted into Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Cuttack Bench. The admission follows a petition filed by Minaxi Suppliers Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, citing a default amount of ₹3,95,96,011. The CIRP commenced on August 5, 2026, with Mr. Raghunath Bhandari appointed as the Interim Resolution Professional. The company is evaluating the implications and will make further disclosures as material developments occur.