India NCLT Insolvency Resolution Filings — September 22, 2026

22-09-2026

Satiate Agri Ltd, undergoing Corporate Insolvency Resolution Process (CIRP), disclosed the outcome of its 1st Committee of Creditors (CoC) meeting held on September 21, 2026. The CoC approved key resolutions including ratification of IRP expenses, approval of estimated CIRP costs, ratification of IRP remuneration, and appointment of the IRP as Resolution Professional. However, voting on the appointment of registered valuers was deferred, and the appointment of a Transaction Auditor was deferred to the next CoC meeting.

• · CoC meeting held on September 21, 2026, commenced at 3:00 PM and concluded at 3:55 PM via hybrid mode.
• · NCLT Indore bench order dated August 20, 2026 was apprised to the CoC.
• · Appointment of registered valuers voting deferred to next CoC meeting.
• · Appointment of Transaction Auditor deferred till next CoC meeting.
• · Shorter notice of at least 48 hours for future CoC meetings approved.

22-09-2026

Astron Paper & Board Mill Limited, under Corporate Insolvency Resolution Process (CIRP), disclosed the e-voting results of the fourth Committee of Creditors (CoC) meeting held on September 2, 2026, with adjournments to September 8 and 9, 2026. The CoC approved four resolutions with requisite majority, including filing an application under Sections 43 and 66 of the Insolvency and Bankruptcy Code, 2016, and incurring CIRP expenses of Rs 23,10,852. The company remains under insolvency proceedings, with no financial turnaround indicated.

• · The e-voting concluded at 8:00 PM on September 21, 2026.
• · The CoC meeting was originally scheduled for September 2, 2026, and was adjourned twice to September 8 and September 9, 2026.
• · Resolution 1 approved filing of IA under Section 43 and Section 66 of the Insolvency and Bankruptcy Code, 2016.
• · Resolution 3 approved procurement of a 1 TB Seagate Hard Disk for secure storage, backup, and preservation of records.
• · Resolution 4 approved expenditure towards obtaining BENPOS data from Central Depository Services (India) Limited.
• · The company's CIN is L21090GJ2010PLC063428, with registered office at 407, Satyamev Eminence, Science City Road, Sola, Ahmedabad - 380060.

22-09-2026

Raama Paper Mills Limited (formerly Rama Paper Mills Limited) reported a net loss of ₹140.97 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹120.52 lakh in the year-ago quarter, with revenue from operations declining sharply to ₹114 lakh from ₹1,238 lakh. The company remains under Corporate Insolvency Resolution Process (CIRP) since June 2024, with a negative net worth of ₹5,256.45 lakh and accumulated losses of ₹7,390.23 lakh, while the manufacturing plant is non-operational and the auditor has issued a qualified opinion with a material uncertainty related to going concern.

• · The company has been admitted into Corporate Insolvency Resolution Process (CIRP) under IBC, 2016 via NCLT order dated 07th June 2024.
• · The Committee of Creditors (COC) approved a resolution plan on 16th April 2025, which was set aside by NCLT, Allahabad Bench on 07/01/2026 with specific directions; a fresh resolution plan has been received and approved by COC, pending NCLT approval.
• · The manufacturing plant at Kiratpur (Bijnor) is non-operational.
• · The company has not provided interest of ₹136.10 Lakh for the quarter ended 30th June 2026 on two secured Inter Corporate Deposits; cumulative interest not provided from 08/06/2024 to 30/06/2026 is ₹1,126.82 Lakh.
• · No physical verification of inventory was carried out for the period 01/04/2026 to 30/06/2026.
• · Trade payables have not been bifurcated into MSME and others, a non-compliance with MSMED Act, 2006.
• · The company has failed to convert 6% Preference Shares of ₹500 Lakh as per shareholder approval in AGM held on 06.09.2009; Redeemable 14% non-cumulative non-convertible Preference Shares of ₹500 Lakh were reclassified as other financial liabilities.
• · The company has only one reportable segment: Manufacturing of Paper and Paper related products, but is not doing any manufacturing activities at present.

22-09-2026

EFC (I) Limited has disclosed that the NCLT Mumbai Bench, via order dated September 21, 2026, has dispensed with the requirement to convene meetings of equity shareholders, secured creditors, unsecured creditors, and CCD holders of both EFC Limited (wholly owned subsidiary) and EFC (I) Limited in connection with a Scheme of Arrangement (Demerger). The scheme involves the demerger of the asset-light managed workspace business (Demerged Undertaking) of EFC Limited into EFC (I) Limited with an appointed date of January 1, 2026. The order streamlines the approval process, but the scheme remains subject to other regulatory approvals.

• · The Demerged Undertaking (asset-light model) is to be transferred to the Resulting Company on a going concern basis with effect from the Appointed Date of January 1, 2026.
• · The Remaining Undertaking (asset-heavy model) will stay with EFC Limited post-demerger.
• · The NCLT order was uploaded on its website at around 4:30 PM IST on September 22, 2026.
• · The scheme was approved by the Boards of both companies on July 29, 2026.
• · A certified copy of the NCLT order is awaited.

22-09-2026

Baron Infotech Ltd's Monitoring Committee held its 2nd meeting on September 22, 2026, approving CIRP costs, payments to operational and financial creditors, and noting the appointment of a new Board of Directors as part of the implementation of the resolution plan approved by NCLT Hyderabad Bench-II on September 8, 2026. The resolution plan, submitted by M/s Innopark (India) Private Limited (SRA), includes the merger of PurpleTalk India Private Limited into Baron Infotech. Five new directors were appointed, including Sridhar Muppidi as Chairman & Managing Director and Sreeram Reddy Vanga as Non-Executive Non-Independent Director, all subject to shareholder approval.

• · The NCLT Hyderabad Bench-II approved the resolution plan on September 8, 2026, under Section 31 of the Insolvency and Bankruptcy Code, 2016.
• · The Monitoring Committee meeting also considered a proposal to shift the registered office of Baron Infotech to the registered office of the transferor company (PurpleTalk India Private Limited) and opening of new bank accounts.
• · All five new director appointments are subject to shareholder approval.
• · Sridhar Muppidi is the Co-Founder and Chairman of the PurpleTalk Group and also serves as Chairman of the Game Developer Association of India.

22-09-2026

The 11th meeting of the Committee of Creditors (CoC) of Radhagobind Commercial Limited, held on September 22, 2026, focused on the progress of the Corporate Insolvency Resolution Process (CIRP). Key discussions included the evaluation and selection of a resolution plan, further extension of the CIRP period by 90 days, and the status of CIRP costs and interim finance. No financial figures or comparative performance data were disclosed in this filing.

• · The meeting commenced at 2:00 pm and concluded at 4:46 pm on 22-09-2026.
• · The CoC discussed and considered the extension of the CIRP period by 90 days.
• · The meeting noted an order by the Hon’ble NCLT, Kolkata bench in I.A. (IBC) No. 549/KB/2026.
• · The Resolution Professional was originally appointed as Interim Resolution Professional on 30.10.2025 and later as Resolution Professional on 27-01-2026.