/raid1/www/Hosts/bankrupt/TCRAP_Public/220324.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

          Thursday, March 24, 2022, Vol. 25, No. 54

                           Headlines



A U S T R A L I A

ANAMBAH CONSTRUCTIONS: First Creditors' Meeting Set for March 31
DS GARAGE: First Creditors' Meeting Set for April 1
LORD OF THE FRIES: First Creditors' Meeting Set for March 31
QUIGLEY & CO: First Creditors' Meeting Set for March 30
UTU TECHNOLOGY: First Creditors' Meeting Set for March 31



C H I N A

CHINA EVERGRANDE: Pledges to Roll Out Restructuring Plan by July
HNA GROUP: HNA Aviation Chairman Bao Qifa Taken Away by Police
KAISA GROUP: To Delay Publishing 2021 Earnings Results


I N D I A

AKASVA INFRA: ICRA Keeps D Debt Ratings in Not Cooperating
ANANYA INFRA PROJECTS: Insolvency Resolution Process Case Summary
BHADRA INTERNATIONAL: ICRA Reaffirms D Rating on INR168.67cr Loan
BHUMI COTTEX: ICRA Keeps B+ Debt Ratings in Not Cooperating
BHUVANAA FABRIC: Voluntary Liquidation Process Case Summary

BL KASHYAP AND SONS: Insolvency Resolution Process Case Summary
BNR INFRASTRUCTURE: ICRA Keeps B+ Debt Ratings in Not Cooperating
BROADBAND PACENET: Insolvency Resolution Process Case Summary
DRS INFRATECH: ICRA Keeps B+ Debt Ratings in Not Cooperating
EMPOWER SOFTRADE: Insolvency Resolution Process Case Summary

FANATIC SYSTEMS: Insolvency Resolution Process Case Summary
FLEXITUFF VENTURES: ICRA Keeps D Debt Ratings in Not Cooperating
GRADUATE AGRO: ICRA Keeps B+ Debt Ratings in Not Cooperating
GRUHAM EXOTICA: ICRA Keeps B+ Debt Rating in Not Cooperating
HARI GROUP: ICRA Keeps B+ Debt Rating in Not Cooperating Category

INDI SHOPEE PRIVATE: Voluntary Liquidation Process Case Summary
INDURE PRIVATE: ICRA Keeps D Debt Ratings in Not Cooperating
JKS CONSTRUCTION PRIVATE: Insolvency Resolution Case Summary
LIMITORQUE INDIA: ICRA Keeps B Debt Ratings in Not Cooperating
MANDEEP INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating

NAGARJUNA WAREHOUSING: ICRA Keeps B Ratings in Not Cooperating
OZONE PROJECTS: Insolvency Resolution Process Case Summary
POPPYS KNITWEAR: ICRA Keeps B+ Debt Ratings in Not Cooperating
PRECISION CONTAINEURS: Insolvency Resolution Process Case Summary
PRJ POLYMERS: ICRA Keeps B+ Debt Rating in Not Cooperating

PROSTAR TEXTILE: Insolvency Resolution Process Case Summary
RADIANT HOTELS: ICRA Keeps B+ Debt Rating in Not Cooperating
RAMA PAPER: ICRA Keeps D Debt Ratings in Not Cooperating Category
REAL VIDEO: Liquidation Process Case Summary
RK NIRMAN PRIVATE: Insolvency Resolution Process Case Summary

SAPS INFRASTRUCTURE PVT: Liquidation Process Case Summary
SHANTI INTEGRATED: ICRA Keeps B Debt Rating in Not Cooperating
SHIV VEGPRO: ICRA Keeps B+ Debt Rating in Not Cooperating
SHIVA POLYTUBES: ICRA Keeps B+ Debt Ratings in Not Cooperating
SHUBHJIVAN DEVELOPERS: ICRA Keeps B Ratings in Not Cooperating

SIDHI VINAYAK: ICRA Keeps D Debt Ratings in Not Cooperating
SINTEX INDUSTRIES: Lenders Approve Reliance Industries-ACRE Plan
SPARRON VITRIFIED: ICRA Keeps B+ Debt Ratings in Not Cooperating
SUBRAMANYESWARA POLYMERS: ICRA Keeps B+ Ratings in Not Cooperating
TEXPLAS INDIA: Insolvency Resolution Process Case Summary

VADSOLA CERAMIC: ICRA Keeps B Debt Ratings in Not Cooperating


N E W   Z E A L A N D

AYLMER CLOTHING: Creditors' Proofs of Debt Due on May 3
BEST NEW ZEALAND: Creditors' Proofs of Debt Due on April 26
EVERSONS INT'L: Owner to Face Court Probe Over Overseas Assets
NEW ZEALAND AVIATION: Court to Hear Wind-Up Petition on April 4
PAPATOETOE FUNERAL: Court to Hear Wind-Up Petition on May 13

TOP SHELF: Creditors' Proofs of Debt Due on April 22


S I N G A P O R E

DXC TECHNOLOGY: Faces Legal Action Over Alleged Payment Default


S O U T H   K O R E A

EASTAR JET: Exits Court Receivership, To Resume Operations
SSANGYONG MOTOR: Creditors Oppose Edison Motors' Acquisition Bid

                           - - - - -


=================
A U S T R A L I A
=================

ANAMBAH CONSTRUCTIONS: First Creditors' Meeting Set for March 31
----------------------------------------------------------------
A first meeting of the creditors in the proceedings of Anambah
Constructions Pty Ltd will be held on March 31, 2022, at 11:00 a.m.
via Zoom.

Mitchell Griffiths of Rapsey Griffiths Turnaround was appointed as
administrator of Anambah Constructions on March 21, 2022.


DS GARAGE: First Creditors' Meeting Set for April 1
---------------------------------------------------
A first meeting of the creditors in the proceedings of DS Garage
Pty Ltd, trading as Autobody Therapy, will be held on April 1,
2022, at 11:30 a.m. at the offices of Robson Cotter Insolvency
Group, Unit 1 78 Logan Road, in Woolloongabba, QLD.

Abdul Chambal and W. Roland Robson of Robson Cotter Insolvency were
appointed as administrators of DS Garage on March 22, 2022.


LORD OF THE FRIES: First Creditors' Meeting Set for March 31
------------------------------------------------------------
A first meeting of the creditors in the proceedings of Lord of the
Fries Property Pty. Ltd. will be held on March 31, 2022, at 11:00
a.m. via virtual meeting technology.

Stephen Dixon of Hamilton Murphy Advisory was appointed as
administrator of Lord of the Fries on March 22, 2022.


QUIGLEY & CO: First Creditors' Meeting Set for March 30
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Quigley & Co
will be held on March 30, 2022, at 2:00 p.m. at the offices of
Quigley & Co, Level 5, 231 Adelaide Terrace, in Perth, WA.

Peter Reymond Quigley of Quigley & Co was appointed as
administrator of Quigley & Co on March 18, 2022.


UTU TECHNOLOGY: First Creditors' Meeting Set for March 31
---------------------------------------------------------
A first meeting of the creditors in the proceedings of UTU
Technology Pty Ltd will be held on March 31, 2022, at 10:30 a.m.
via virtual meeting.

Matthew James Byrnes and Andrew Stewart Reed Hewitt of Grant
Thornton were appointed as administrators of UTU Technology on
March 21, 2022.




=========
C H I N A
=========

CHINA EVERGRANDE: Pledges to Roll Out Restructuring Plan by July
----------------------------------------------------------------
South China Morning Post reports that China Evergrande Group is
working on a restructuring plan with its financial and legal
advisors and promised to roll it out by the end of July, executive
director Shawn Siu said during a call with global investors on
Tuesday evening [March 22].

The company has US$22.7 billion in offshore debts, including bonds,
private financing loans and project loans, Siu revealed.

As of March 22, it had contacted 89 offshore creditors to seek
their opinions, and would continue to proactively communicate with
them, said Siu, the Post relays.

Evergrande will provide more details about the restructuring plan
agreed with offshore creditors - who have signed non-disclosure
agreements – when things have moved forward, Siu added.

He said the company was actively seeking third-party investors for
its listed property management arm and electric vehicle (EV)
subsidiary.

Earlier on March 22, China Evergrande Group said it would delay the
release of its 2021 financial results due to ongoing audit work
while it investigates banks' seizure of its deposits at a unit, as
the world's most indebted developer overhauls a sprawling business
with CNY1.97 trillion (US$310 billion) in liabilities, the Post
reports.

Evergrande said it would not be able to publish its 2021 financial
results by the March 31 deadline, as the auditing work on its
finances has yet to be completed, the Post discloses citing a
filing to the Hong Kong stock exchange.

Two of the company's Hong Kong-listed units - China Evergrande New
Energy Vehicle Group and Evergrande Property Services Group - filed
similar statements to the bourse, saying they would delay the
publication of their results, the Post relates.

"Due to the drastic changes in the operational environment of the
company since the second half of last year, the auditor has added a
large number of additional audit procedures this year," the
company's chairman and founder Hui Ka-yan said in the filing,
adding that the audited results will be published "as soon as
practicable after the audit procedures have been completed".

The woes are piling on Evergrande, the report states. About CNY13.4
billion (US$2.11 billion) of bank deposits pledged by Evergrande
Property Services as security for third-party guarantees had been
claimed by banks, the company said in a separate filing, adding
that it would investigate the financial pledge.

Trading in the shares of Evergrande, Evergrande New Energy Vehicle
Group and Evergrande Property Services, suspended since March 22,
will remain halted until the results are delivered, the companies
said.

The Guangzhou-based developer invited global investors to join a
trio of Evergrande executives and directors to a call on March 22,
according to an invitation seen by the South China Morning Post.

Hui, also known as Xu Jiayin in mainland China, was not present on
the call, the report says. Evergrande was represented by executive
director Shawn Siu, who also chairs the EV unit; non-executive
director Liang Senlin, who is chairman of China Cinda (HK) Holdings
Company; and Evergrande's risk management committee member Chen
Yong, who is a compliance director of state-owned Guosen
Securities.

The company, which officially defaulted on its US dollar bond in
December, promised in January to unveil a plan within six months to
reorganise its portfolio of businesses, the Post notes.

Local authorities of Guangdong province, which put some key assets
of Evergrande under state control, were aiming to release a
framework debt restructuring plan by March, according to a report
by Financial intelligence provider REDD in January.

The company subsequently set up a risk management committee in
December, saying it would actively engage with creditors to
formulate a viable restructuring plan.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

Evergrande had CNY1.97 trillion (US$311 billion) of liabilities at
the end of June 2021.  Once China's biggest developer by sales,
Evergrande fell into distress as cash dried up and the group
overstretched itself on borrowings and ventures into car
manufacturing.

Evergrande hired outside financial advisers Houlihan Lokey and
Admiralty Harbour Capital in September 2021 to engage with
creditors soon after it ran into a liquidity squeeze. It has since
worked with more advisers in the past two months by turning to
China International Capital Corp, BOCI Asia and Zhong Lun Law Firm
on its debt workout plan.

As reported in the Troubled Company Reporter-Asia Pacific in
December 2021, S&P Global Ratings lowered the issuer credit ratings
on China Evergrande Group and Tianji Holding Ltd. to 'SD' from
'CC'.  S&P also lowered the issuer rating on Tianji's bonds due
2022 and 2023 to 'D' from 'C'.  S&P subsequently withdrew all its
ratings on Evergrande, its subsidiary Hengda Real Estate Group Co.
Ltd., and Tianji, at the group's request.

The TCR-AP also reported that Fitch Ratings has downgraded to 'RD'
(Restricted Default), from 'C', the Long-Term Foreign-Currency
Issuer Default Ratings (IDR) of China Evergrande Group and its
subsidiaries, Hengda Real Estate Group Co., Ltd and Tianji Holding
Limited. Fitch has affirmed the senior unsecured ratings of
Evergrande and Tianji at 'C', with a Recovery Rating of 'RR6', as
well as the Tianji-guaranteed senior unsecured notes issued by
Scenery Journey Limited at 'C', with a Recovery Rating of 'RR6'.

The downgrades reflect the non-payment of coupons due Nov. 6, 2021
for Tianji's USD645 million 13% bonds and USD590 million 13.75%
bonds after the grace period lapsed on 6 December. The non-payment
is consistent with an 'RD' rating, signifying the uncured expiry of
any applicable grace period, cure period or default forbearance
period following a payment default on a material financial
obligation.


HNA GROUP: HNA Aviation Chairman Bao Qifa Taken Away by Police
--------------------------------------------------------------
HNA Aviation Group Chairman Bao Qifa was taken away by Chinese
police, several people close to the unit of HNA Group confirmed
with Caixin.

Caixin relates that HNA Aviation Group said March 23 that Bao was
removed as the head of a safety administration commission and was
replaced by President Wang Yingming.

HNA Chairman Chen Feng and CEO Tan Xiangdong were taken away by
police last September in a probe of suspected criminal offenses,
the report says.

                          About HNA Group

China-based HNA Group Co. Ltd. offers airlines services. The
Company provides domestic and international aviation
transportation, air travel, aviation maintenance, and aviation
logistics services. HNA Group also operates holding, capital,
tourism, logistics, and other business.

As reported in the Troubled Company Reporter-Asia Pacific, HNA
Group on Jan. 29, 2021 declared bankruptcy and restructuring after
a multi-year debt and liquidity crisis. The company was informed by
South China's Hainan High People's Court on Jan. 29 that "because
the company is unable to pay off its debts, related creditors
appealed to the court for the company's bankruptcy and
restructuring," HNA said.

According to Global Times, HNA Group said it will cooperate with
the court for judicial review, carry forward the debt disposal, and
support the court's protection of the legal rights of its creditors
so as to ensure the smooth operations of the company.

On March 15, 2021, a court in Hainan approved the merger and
restructuring of 320 affiliates of HNA Group into the parent
company, paving way for the conglomerate to eventually emerge from
bankruptcy, Caixin Global said.

HNA Group was designated as administrator of the merger, according
to a statement issued March 15 by the Hainan High People's Court.
The 320 units will be integrated into HNA group's bankruptcy
reorganization, and the group will submit a restructuring plan to
the creditor meeting for approval, the court said.


KAISA GROUP: To Delay Publishing 2021 Earnings Results
------------------------------------------------------
Reuters reports that cash-strapped Kaisa Group Holdings Ltd has
joined a growing list of Chinese property developers unable to
publish 2021 audited earnings by March 31 as required by listing
rules, deepening market concern about the sector's financial
health.

Reuters relates that Kaisa late on March 22 said a virus lockdown
in Shenzhen left audit work incomplete so it cannot publish
financial results on time.  In a filing, it said trading of its
shares in Hong Kong will therefore be suspended from April 1 as per
bourse rules.

Bigger peer China Evergrande Group, the world's most-indebted
property developer, also on March 22 said it would not be able to
publish results on time due to a large number of additional audit
procedures resulting from "drastic changes" in operations since the
second half of 2021, Reuters notes.

Trading of shares in Evergrande and two Hong Kong-listed
subsidiaries has been suspended since March 21.

Other major developers including Sunac China Holdings Ltd and
Shimao Group Holdings Ltd also this week said they will delay
reporting audited results due to disruption caused by COVID-19, but
that they will produce unaudited results on March 31 to keep their
shares trading, according to Reuters.

However, some have delayed results due to changing auditors.
Ronshine China Holdings Ltd on Monday said auditor PwC had quit due
to insufficient time to complete auditing work.

Analysts said failure for companies to issue timely 2021 results
will further weigh on sector sentiment, which has been hit in the
past few months by liquidity concern.

"We think auditors' more stringent checks on project booking/debt
might also have played a role," JP Morgan said in a report,
referring to the delay.

Reuters relates that the U.S. investment bank said it would not be
surprised to see more delays because, even for companies that have
announced board meeting dates, there is still the possibility of
results delays if auditing processes cannot be completed by then.

Nomura said it typically raises red flags when companies change
auditors ahead of earnings announcements, and that such a practice
causes serious market concern about trustworthiness.

Kaisa, the second-largest U.S. dollar bond issuer among Chinese
property developers after China Evergrande, is restructuring its
$12 billion offshore debt after defaulting on some bonds last year,
Reuters says.  

In a filing on March 22, Kaisa said it has been working with legal
and financial advisors in recent months to formulate a solution
"for the benefit of all stakeholders" and to ease liquidity issues,
the report relates.

Kaisa also said it has entered "constructive dialogue" with
creditors. It has been in talks with bondholders over a debt
restructuring deal since late last year, adds Reuters.

                         About Kaisa Group

Kaisa Group Holdings Ltd engages in real estate development in
China, including urban redevelopment projects in the GBA.  As of
June 30, 2021, the company's land bank comprised an aggregate gross
floor area of 31.1 million square meters of saleable resources
across over 50 cities in China.

As recently reported in the Troubled Company Reporter-Asia Pacific,
Fitch Ratings has withdrawn Kaisa Group Holdings Limited's
Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'RD' and
senior unsecured rating of 'C' with a Recovery Rating of 'RR4'.

Fitch is withdrawing the ratings as Kaisa has chosen to stop
participating in the rating process. Therefore, Fitch will no
longer have sufficient information to maintain the ratings.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for Kaisa.




=========
I N D I A
=========

AKASVA INFRA: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Akasva
Infrastructure Pvt Ltd in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]D; ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund Based–        50.50      [ICRA]D ISSUER NOT COOPERATING;
   Cash Credit                   Rating continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

   Non Fund           37.50      [ICRA]D ISSUER NOT COOPERATING;
   Based Others                  Rating continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in January 2007, AIPL is promoted by Mr. Viren Jain,
who is a first-generation entrepreneur. The company undertakes
civil construction for industrial spaces, housing, hydropower and
thermal power projects. The completed projects consist of building
and other industrial construction. The future work orders exhibit
projects from diverse sectors, including civil construction for
power projects and railways.


ANANYA INFRA PROJECTS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------------
Debtor: M/s Ananya Infra Projects Private Limited
        Hse No. 6-10-113/3 Raju Colony
        Vinayak Nagar, Balanagar
        Hyderabad, Telangana 500042
        India

Insolvency Commencement Date: March 14, 2022

Court: National Company Law Tribunal, Hyderabad Bench

Estimated date of closure of
insolvency resolution process: August 27, 2022

Insolvency professional: Jarathi Kalyana Chakravarthy

Interim Resolution
Professional:            Jarathi Kalyana Chakravarthy
                         H.No. 3-4-139/5/1/1, Attapur
                         Hyderguda, Pillar No. 139
                         PV Express Way, Hyderabad
                         Telangana 500048
                         E-mail: jkc.jarathi75@gmail.com
                                 ananyainfra2022@gmail.com

Last date for
submission of claims:    March 29, 2022


BHADRA INTERNATIONAL: ICRA Reaffirms D Rating on INR168.67cr Loan
-----------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Bhadra
International (India) Private Limited (Bhadra International), as:

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Term Loans         168.67       [ICRA]D; reaffirmed

   Working Capital
   facilities          26.55       [ICRA]D; reaffirmed

   Short term-
   Non-fund based      38.00       [ICRA]D; reaffirmed

Rationale

The rating factors in continued delays in repayment of Bhadra
International (India) Private Limited (Bhadra International) debt
obligations owing to adverse impact of the pandemic on its ground
handling services. The company has discontinued providing ground
handling services at Calicut, Coimbatore, Mangalore, Trichy and
Trivandrum airports from October 2020. Further, the company had
also stopped providing ground handling services at Kolkata and
Chennai airports from Q1FY2022 which resulted in significant
decline in scale of operations and poor liquidity position.

Key rating drivers and their description

Credit strengths

Not Applicable

Credit challenges

* Delays in debt servicing due to poor liquidity: Bhadra
International went into corporate debt restructuring (CDR) in
FY2013. While the repayments on restructured loans commenced from
September 2014, the company continued to face liquidity constraints
due to its inability to significantly scale up its operations
because of competition from other players. Resultantly, there have
been continued delays in meeting the repayment obligations and the
account has been classified as NPA.

* Weak financial profile with fully eroded net worth: The net-worth
of the company has fully eroded due to significant operating losses
in the past years.

Liquidity position: Poor

The company's liquidity position is poor. The principal repayment
obligation for FY2022 cannot be met through cashflow from
operations.

Rating sensitivities

Positive factors – The rating could be upgraded if the company
demonstrates track record of regular debt servicing.

Negative factors – Not applicable

Bhadra International (India) Private Limited is promoted by Mr.
Prem Bajaj who holds 62.5% of the total equity of the company,
while the balance is held by GPC Mauritius IX LLC. Incorporated in
2000, it is involved in providing ground handling services, ramp
services and allied services at airports across India. The company
had entered into a technical collaboration with Novia International
Consulting ApS (Denmark) in 2007 and was awarded concession from
Airport Authority of India (AAI) to provide comprehensive ground
handling services at seven airports including, Chennai, Trichy,
Coimbatore, Kolkata, Calicut, Trivandrum and Mangalore. As of date,
however, the company has discontinued its operations at the seven
airports and has terminated its technical collaboration
arrangement.


BHUMI COTTEX: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Bhumi
Cottex Industry Private Limited in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4;
ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-        17.00        [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund based-         5.00        [ICRA]B+ (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund based–     0.40        [ICRA]A4 ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating continues
                                   To remain in the 'Issuer Not
                                   Cooperating' category

   Unallocated         5.60        [ICRA]B+ (Stable)/[ICRA]A4;
   Amount                          ISSUER NOT COOPERATING; Rating
                                   continues to remain under
                                   'Issuer Not Cooperating'
                                   Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in 2012 by the Runwal and Bhakkad families, BCIPL is
engaged in manufacturing cottonseed oil, DOC, lint and hull. The
company's manufacturing facility at Jalna, Maharashtra, has a
production capacity of 400 MT per day. The company's cottonseed
processing plant is equipped with modern and advanced machinery as
well as a quality testing laboratory.


BHUVANAA FABRIC: Voluntary Liquidation Process Case Summary
-----------------------------------------------------------
Debtor: M/s. Bhuvanaa Fabric Agencies Private Limited
        109/35, 4th Cross, 1st Floor
        Karungalpatty Main Road
        Gugai, Salem
        Tamil Nadu 636006
        India

Liquidation Commencement Date: March 3, 2022

Court: National Company Law Tribunal, Coimbatore Bench

Insolvency professional: A.R. Ramasubramania Raja

Interim Resolution
Professional:            A.R. Ramasubramania Raja
                         No. 3, Sundaram Brothers Layout
                         Opp. to All India Radio Trichy Road
                         Ramanathapuram, Coimbatore 641045
                         Mobile: 9843043576
                         E-mail: arrsraja@yahoo.com

Last date for
submission of claims:    April 2, 2022


BL KASHYAP AND SONS: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: B L Kashyap and Sons Limited
        409, 4th Floor DLF Tower-A
        Jasola, New Delhi
        DL 110025
        IN

Insolvency Commencement Date: March 17, 2022

Court: National Company Law Tribunal

Estimated date of closure of
insolvency resolution process: September 13, 2022

Insolvency professional: Deepak Kumar Agarwal

Interim Resolution
Professional:            Deepak Kumar Agarwal
                         B-27, Sector-47
                         Gautam Buddha Nagar
                         Noida 201303
                         E-mail: dkagarwal.ip@gmail.com
                                 ip.blkashyap@gmail.com

Last date for
submission of claims:    March 31, 2022


BNR INFRASTRUCTURE: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of BNR
Infrastructure Projects Private Limited. in the 'Issuer Not
Cooperating' category. The rating is denoted as
[ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund-based          14.00       [ICRA]B+ (Stable); ISSUER NOT
   facility                        COOPERATING; Rating continue
                                   to remain under the 'Issuer
                                   Not Cooperating' category

   Non fund-based      45.00       [ICRA]A4; ISSUER NOT
   Facility                        COOPERATING; Rating continue
                                   To remain under the 'Issuer
                                   Not Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

BNR Infrastructure Projects Private Limited was established in 1971
by B. Nadamuni Reddy as a small-scale contracting company in
Tirupathi. The company is headed by B. VenuGopal Reddy since 1979.
During his tenure the company had grown significantly and in 2011,
Mr Charan Prasad Boya, a management degree graduate from Stanford
University, joined BNR. Over the years, the company has completed
numerous projects in high-rise and commercial building
construction, industrial construction, and property development.

BROADBAND PACENET: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Broadband Pacenet (India) Private Limited
        A-Wing, 602, Everest Grande Building
        Mahalaki Caves Road
        Opp. Ahura Centre
        Andheri (East), Mumbai City
        MH 400093

Insolvency Commencement Date: March 17, 2022

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: September 6, 2022
                               (180 days from commencement)

Insolvency professional: Ashok Kriplani

Interim Resolution
Professional:            Ashok Kriplani
                         10/18, First Floor
                         Old Rajinder Nagar
                         New Delhi 110060
                         E-mail: ashok.kriplani1956@gmail.com

                            - and -

                         17/13, Ground Floor
                         Old Rajinder Nagar
                         New Delhi 110060
                         E-mail: broadbandcirpclaims@gmail.com

Last date for
submission of claims:    March 31, 2022


DRS INFRATECH: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of DRS
Infratech Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable): ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          8.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long term-         24.00        [ICRA]B+(Stable); ISSUER NOT
   NonFund Based                   COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Long Term–          1.00        [ICRA]B+(Stable); ISSUER NOT
   Unallocated                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

DRS Infratech Private Limited (DRSIPL) is a Hyderabad based
infrastructure and engineering construction company providing
services in the field of Water supply works, Construction of school
buildings and Road works. The company was started as a
proprietorship concern in 1991 under the name of DRS Engineers and
Contractor and subsequently converted to a private limited company
in 2007 under the name of DRS Infratech Private Limited. DRSIPL is
being promoted by Mr. D Raja Sekhar, a civil engineer having an
experience of 2 decades in construction industry.


EMPOWER SOFTRADE: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Empower Softrade & Techno Private Limited
        WZ-48, First Floor
        Village-Budhella
        Vikas Puri, New Delhi
        West Delhi DL 110018
        IN

Insolvency Commencement Date: March 15, 2022

Court: National Company Law Tribunal, New Delhi Bench

Estimated date of closure of
insolvency resolution process: September 10, 2022

Insolvency professional: Pawan Kumar Goyal

Interim Resolution
Professional:            Pawan Kumar Goyal
                         PK Goyal & Associates
                         304, D.R. Chamber
                         12/56, DB Gupta Road
                         Karol Bagh, New Delhi 110005
                         E-mail: ca.pawangoyal@gmail.com
                                 estplcirp@gmail.com

Last date for
submission of claims:    March 29, 2022


FANATIC SYSTEMS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Fanatic Systems Private Limited
        A3 Mars Foundations
        7/4 Rangarajapuam, 1st Street
        Saidapet, Chennai 600015

Insolvency Commencement Date: March 9, 2022

Court: National Company Law Tribunal, Division Bench, Chennai

Estimated date of closure of
insolvency resolution process: September 4, 2022
                               (180 days from commencement)

Insolvency professional: R. Kabiladoss

Interim Resolution
Professional:            R. Kabiladoss
                         Door No. 3D, Block-H
                         Yuga Kalpataru Flats
                         Padikuppam, Koyambedu
                         Chennai 600107
                         E-mail: kabiladoss.r@gmail.com
                                 kabiladosscarpfspl@gmail.com

Last date for
submission of claims:    March 22, 2022


FLEXITUFF VENTURES: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the long-term and short-term ratings of Flexituff
Ventures International Limited in the 'Issuer Not Cooperating'
category. The ratings are denoted as [ICRA]D/[ICRA]D; ISSUER NOT
COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–        37.00       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                     'Issuer Not Cooperating'
                                 Category

   Long-term–       289.00       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Cash Credit                   'Issuer Not Cooperating'
                                 Category

   Short term–      293.00       [ICRA]D; ISSUER NOT
COOPERATING;
   Non fund based                Rating Continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Flexituff Ventures International Limited (FVIL) was formed in 1966
as a partnership firm. Subsequently, the firm was converted into a
private limited company in 1985 and the company got listed on the
Indian Bourses in 2011. FVIL is engaged in the business of
manufacturing Flexible Intermediate Bulk Container (FIBC), reverse
printed Biaxially-Oriented Polypropylene (BOPP) woven bags, Leno
Bags (small packaging bags, primarily for domestic markets),
geotextile fabrics and ground cover (used for prevention of
landslides, control of soil erosion and river bank protection) and
polymer compounds (used for wires and cables) and drippers. The
main product of the company is FIBC, which is used in bulk
packaging and transportation requirement for multiple industries
like cement, chemical, pharmaceutical, food processing consumer
goods, sugar and meat products. The company has two manufacturing
facilities, located at Pithampur (Madhya Pradesh) and Kashipur
(Uttarakhand), and two wholly-owned subsidiaries in U.K. and the
USA. The manufacturing facility at Kashipur commenced operations in
December 2015 and has a capacity of 22,000 metric tonne per annum
(MTPA).

GRADUATE AGRO: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Graduate
Agro And Mechanical Engineers in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4;
ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-         6.90        [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund based-         1.66        [ICRA]B+ (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non Fund            9.75        [ICRA]A4 ISSUER NOT
   Based Others                    COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' Category

   Unallocated         0.34        [ICRA]B+ (Stable)/[ICRA]A4;
   Limits                          ISSUER NOT COOPERATING;
                                   Rating continues to remain
                                   under 'Issuer Not Cooperating'
                                   category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in 1977, Graduate Agro & Mechanical Engineers (GAME) is
involved in the fabrication of structured units as well as machined
equipment like water-cooling items for furnaces, ladles, converter
vessel, ladle/tundish transfer cars and other assembles catering
primarily to the steel-manufacturing companies. The manufacturing
facilities of the firm are located in Bhilai, Chhattisgarh.


GRUHAM EXOTICA: ICRA Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the Long-term ratings of Gruham Exotica in the
'Issuer Not Cooperating' category. The ratings are denoted as
[ICRA]B+ (Stable); ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         15.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based/CC                   COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Gruham Exotica is a partnership firm established under the
Partnership Act, 1932, on November 05, 2015, with 11 partners and a
registered office in Surat, Gujarat. The partnership firm was
formed for executing real estate projects, for which the firm owns
a land bank in Surat. Presently, the firm is executing a
residential project, Gruham Exotica, in Surat. The total area of
the project is 3,66,911.68 sq. ft., consisting of Phases I and II.
Phase I consists of 92 row houses, which have already been sold
while Phase II consists of 540 row houses with a built-up area of
3,13,182.05 sq. ft.

HARI GROUP: ICRA Keeps B+ Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Shri Hari
Group in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+ (Stable); ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Term Loan          10.00        [ICRA]B+ (Stable) ISSUER NOT
                                   COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

The firm established in 1989 undertakes real-estate activities and
is promoted by Mr. Hari Om Gupta, the managing partner of the
company along with Mr. Padam Chand. Under Shri Hari Group, the
partners have started their first housing project under Chief
Minister Affordable Housing scheme at Vill-Narottampura
Teh-Sanganer, Jaipur. The firm has entered into a joint development
agreement with Neelkanth Developers. Neelkanth Developers is a
partnership firm with Mr. Mukesh Yadav and Mr. Ved Prakash as
partners. The land is owned by Neelkanth Developers and has been
given to SHG for development against 25% of the total flats. SHG is
constructing a residential project with current approval of G+4
having a total of 672 flats divided among LIG and EWS quota. There
are two blocks with total flats of 522 in the G+4 towers under LIG
and 150 flats in the G+4 towers under EWS. The total saleable area
stood at 3,39,600 sq ft with a total project cost of INR37.3 crore.
Under the JDA, 25% of the total cash outflows will be towards
Neelkanth Developers.

INDI SHOPEE PRIVATE: Voluntary Liquidation Process Case Summary
---------------------------------------------------------------
Debtor: Indi Shopee Private Limited
        Old No. 33, New No. 132
        Nelson Manickam Road
        Chennai 600029

Liquidation Commencement Date: February 26, 2022

Court: National Company Law Tribunal, Chennai Bench

Insolvency professional: Viswanathan Rajagopalan

Interim Resolution
Professional:            Viswanathan Rajagopalan
                         Plot No. 4, 1/787A
                         Deivanai Nagar II Street
                         Madipakkam, Chennai 600091
                         Tamilnadu
                         Mobile: 6379252059
                         E-mail: viswanathan.irp@gmail.com

Last date for
submission of claims:    March 13, 2022


INDURE PRIVATE: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Indure
Private Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]D/[ICRA]D; ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–        250.00      [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Cash Credit                   'Issuer Not Cooperating'
                                 Category

   Short-term       1400.00      [ICRA]D; ISSUER NOT COOPERATING;
   Non-fund based                Continues to remain under the
                                 'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

IPL is a part of the Desein-Indure Group of Companies and was
promoted by late Mr. O. P. Gupta in 1970. Since its establishment,
IPL has been associated with installation of over 230 ash handling
plants catering to a total generating capacity of more than 70,000
MW. Over years Indure has also established its presence in
international market by executing turnkey contracts in Australia,
Vietnam, Indonesia and Malaysia. Since 2002, the company has been
involved in EPC contracting for complete power plants and balance
of plant packages by entering in consortium bidding/execution of
EPC with focus on Balance of plant (BoP) and where in BHEL/Tata
projects did BTG activities and Reliance Energy undertook Civil
part. IPL's business activities can be broadly classified into 5
areas of operation.


JKS CONSTRUCTION PRIVATE: Insolvency Resolution Case Summary
------------------------------------------------------------
Debtor: J.K.S. Constructon Private Limited
        No. 12, Sammandam Street
        Bharathipuran, Chromepet
        Chennai 600044

Insolvency Commencement Date: March 11, 2022

Court: National Company Law Tribunal, Hyderabad Bench

Estimated date of closure of
insolvency resolution process: September 7, 2022

Insolvency professional: Raghu Babu Gunturu

Interim Resolution
Professional:            Raghu Babu Gunturu
                         T202, Technopolis
                         1-10-74/B, Above Ratnadeep Super Market
                         Chikoti Gardens, Begumpet
                         Hyderabad 500016
                         E-mail: raghu@rna-cs.com

                            - and –

                         402B, Technopolis
                         Chikoti Gardens, Begumpet
                         Hyderabad 500016
                         E-mail: jksconstruction@ezresolve.in

Last date for
submission of claims:    March 25, 2022


LIMITORQUE INDIA: ICRA Keeps B Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Limitorque
India Limited in the 'Issuer Not Cooperating' category. The rating
is denoted as "[ICRA]B(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         11.90        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                      to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-         17.00        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-         2.10        [ICRA]A4; ISSUER NOT
   Non Fund                        COOPERATING; Rating continues
   Based                           to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in 1985, LIL is promoted by Mr. Shyam Maheshwari, who
holds a 47.2% stake in the company. The company designs, develops,
manufactures and supplies custom-built electric actuators. The
products manufactured have: applications in end-user industries
like gas, power, etc. The manufacturing facility of the company is
located at Faridabad, Haryana.


MANDEEP INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the long-term and short-term ratings of Mandeep
Industries in the 'Issuer Not Cooperating' category. The ratings
are denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–         40.00      [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Cash Credit                   'Issuer Not Cooperating'
                                 Category

   Long-term–          5.94      [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                     'Issuer Not Cooperating'
                                 Category

   Short-term          3.00      [ICRA]D; ISSUER NOT COOPERATING;
   Non-fund based                Continues to remain under the
                                 'Issuer Not Cooperating'
                                 Category

   Long Term–          0.06      [ICRA]D; ISSUER NOT
COOPERATING;
   Unallocated                   Continues to remain under the
                                 'Issuer Not Cooperating'
                                 Category Rating continues

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in 1973 as a partnership firm by the Talaviya family,
Mandeep Industries crushes groundnuts for the production of
groundnut oil and oil cake, and undertakes solvent extraction of
groundnut oil cakes to produce oil and deoiled cake and further
refines groundnut oil as well. The manufacturing unit of the firm
is located at Upleta (Gujarat) with a daily input capacity of 310
metric tonnes (MT) of groundnut and 225 MT of oil cake.


NAGARJUNA WAREHOUSING: ICRA Keeps B Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the long-term ratings of Nagarjuna Warehousing in
the 'Issuer Not Cooperating' category. The ratings are denoted as
[ICRA]B(Stable); ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          7.78        [ICRA]B (Stable) ISSUER NOT
   Fund Based/TL                   COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-          0.22        [ICRA]B(Stable); ISSUER NOT
   Unallocated                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Nagarjuna Warehousing, a partnership concern established in 2015,
is engaged in the construction of go-downs and leasing out to
FCI/CCI. The firm is in the process of constructing 3 godowns with
aggregate capacity of 24,000 MT at Gajalpuram village, Thripuraram
Mandal of Nalgonda district, which are expected to commence
operations in September 2017. The total cost of the project is
estimated at INR10.54 crore which is to be funded through INR7.78
crore of term loans and equity of INR2.76 crore.


OZONE PROJECTS: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Ozone Projects Private Limited
        New No. 63, G.N. Chetty Road
        T. Nagar, Chennai 600017
        Tamil Nadu

Insolvency Commencement Date: March 9, 2022

Court: National Company Law Tribunal, Chennai Bench

Estimated date of closure of
insolvency resolution process: September 4, 2022

Insolvency professional: N Veerapandian

Interim Resolution
Professional:            N Veerapandian
                         New No. 36, Second Street
                         Gopalapuram, Thiruvika Nagar
                         Jawahar Nagar Post
                         Chennai 600082
                         Tamil Nadu
                         E-mail: veerapandian.cbi@gmail.com

                            - and -

                         Senate Space, W126
                         3rd Floor, 3rd Avenue
                         Anna Nagar, Chennai 600040
                         E-mail: ozone_cirp@ancoraa.com

Classes of creditors:    Real Estate Project

Insolvency
Professionals
Representative of
Creditors in a class:    Mr. Gopinath
                         E-mail: gopinathsai2000@gmail.com

                         Mr. Sandeep Kothari
                         E-mail: ipsandeepkothari@gmail.com

                         Mr. Subhash Chandra Modi
                         E-mail: subhash0658@gmail.com

Last date for
submission of claims:    March 23, 2022


POPPYS KNITWEAR: ICRA Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Poppys
Knitwear Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4; ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-        102.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-        11.00        [ICRA]A4; ISSUER NOT
   Non Fund                        COOPERATING; Rating continues
   Based Others                    to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Poppys Knitwear Private Limited (Poppys) is a garment exporter
based out of Tirupur, Tamil Nadu. Promoted by Mr. Sakthivel in
1973, Poppys is engaged in knitting, processing (dyeing),
garmenting (sewing), printing and embroidery of cotton garments.
Poppys has its manufacturing facilities located in and around the
thirupur belt (knitting, processing, 2 garmenting, and printing and
embroidery facilities). The company caters primarily to exports to
renowned brands/ marketers in the Europe and US market.


PRECISION CONTAINEURS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------------
Debtor: Precision Containeurs Ltd
        B-1, 1st Floor
        Madhav Niwas CHSL
        Opp S V Road
        Natakwala Lane
        Borivali (W) Mumbai 400092

Insolvency Commencement Date: March 15, 2022

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: September 6, 2022

Insolvency professional: Mr. Ramnarayanan Rajaraman

Interim Resolution
Professional:            Mr. Ramnarayanan Rajaraman
                         1103, Avalon Raheja Acropolis-1
                         Deonar Pada Road, Deonar
                         Mumbai City, Maharashtra 400088
                         E-mail: ramnraja@gmail.com

                            - and -

                         CA Chetan Shah, Office No. 3
                         Wing-A, Satyam Shopping Centre
                         M.G. Road, Ghatkopar
                         Mumbai, Maharashtra 400077
                         E-mail: cirp.precision@gmail.com

Last date for
submission of claims:    March 29, 2022


PRJ POLYMERS: ICRA Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Prj
Polymers Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-         8.00        [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund-based      6.00        [ICRA]A4; ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating Continues
                                   to remain under issuer not
                                   cooperating category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in 2006, PPPL was earlier involved in the business of
distributing chemicals and polymers for GAIL India Ltd, Reliance
Industries Limited, and IOCL etc. In 2009, PPPL applied to be a
distributor of IOCL and got the distributorship for polymer
products in May, 2010. Presently, PPPL is a del-credere agent (DCA)
as well as a consignment stockist (CS) of IOCL for distribution of
polymer products in the National Capital Region. The company has a
rented warehouse in the Kavinagar industrial area, with a capacity
of 350 metric tonnes (MT).


PROSTAR TEXTILE: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Prostar Textile Mill Private Limited
        3/599A, Venkatachalapathy Nagar
        Parapalayam Road, Mannarai (PO) Tirupur
        Tamil Nadu 641607, India

Insolvency Commencement Date: March 12, 2022

Court: National Company Law Tribunal, Chennai Bench

Estimated date of closure of
insolvency resolution process: September 7, 2022

Insolvency professional: Mr. Elumalai Elango

Interim Resolution
Professional:            Mr. Elumalai Elango
                         No. 2, East Mada Street
                         Thiruvathipuram, Cheyyar
                         Tiruvannamalai, Tamil Nadu 604407
                         E-mail: elumalaielango15@gmail.com
                                 prostar.cirp@gmail.com

Last date for
submission of claims:    March 26, 2022


RADIANT HOTELS: ICRA Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Radiant
Hotels Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable); ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         30.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in October 1993, RHPL is a private limited company
with Mr. Suresh Gupta and his family holding 100% shares of the
company. The company was initially incorporated with the objective
of developing and running a hotel. Accordingly, the land was
purchased in 1995-96, but the unit was not established. Now the
company has decided to construct a residential housing project on
the same property. The promoters have been engaged in the activity
of cutting, polishing and trading of gems for the last 30 years.
The firm is currently developing residential villas, consisting of
total 30 villas of various sizes at Tonk Road, Jaipur, with a
saleable area of 1.50 lakh sq, ft.


RAMA PAPER: ICRA Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the long-term ratings of Rama Paper Mills Limited
in the 'Issuer Not Cooperating' category. The ratings are denoted
as [ICRA]D; ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long Term-        18.00       [ICRA]D ISSUER NOT COOPERATING;
   Fund Based/CC                 Rating continues to remain under
   Limit                         'Issuer Not Cooperating'
                                 Category

   Long-term–        53.81       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                    'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Rama Paper Mills Limited (RPML), which is in the business of
manufacturing and selling of paper and board related products was
established in December 1985 at Kiratpur, (District Bijnor, Uttar
Pradesh). The company has been promoted by Mr. Pramod Agarwal and
his brother Mr. Arun Goel, who are professionally qualified. While
RPML started off with an initial installed capacity of 61000 Metric
Ton (MT). With four production lines, RPML has a presence in
product segments such as Newsprint, cream woven paper, duplex board
and poster paper.


REAL VIDEO: Liquidation Process Case Summary
--------------------------------------------
Debtor: M/s. Real Video Impact Private Limited

        Registered office:
        No. H-78, 7th Floor, Himalaya House
        Kasturba Gandhi Marg, Connaught Place
        New Delhi 110001

        Corporate office:
        10th Floor, Vankarath Tower
        NH Bye-pass, Kochi 24

Liquidation Commencement Date: March 14, 2022

Court: National Company Law Tribunal, Kochi Bench

Date of closure of
insolvency resolution process: March 11, 2022

Insolvency professional: Mr. Raju Palanilkunnathil Kesavan

Interim Resolution
Professional:            Mr. Raju Palanilkunnathil Kesavan
                         CGNRA-9 (33/1183A), Kodamassary Lane
                         Chalikkavattom, Vennala P.O.
                         Kochi 682028
                         E-mail: rajupkin@gmail.com

                            - and -

                         Agasti Associates
                         Chartered Accountants
                         CNRWA-6, Cherupushpam Lane
                         Kadavanthra, Kochi 682020
                         E-mail: rajupkin@gmail.com
                         Mobile: 9349198960

Last date for
submission of claims:    April 15, 2022


RK NIRMAN PRIVATE: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: R.K. Nirman Private Limited
        CB-8, Sector-1
        Salt Lake City
        Kolkata 700064

Insolvency Commencement Date: March 11, 2022

Court: National Company Law Tribunal, Kolkata Bench

Estimated date of closure of
insolvency resolution process: August 11, 2022

Insolvency professional: Mr. Seikh Abdul Salam

Interim Resolution
Professional:            Mr. Seikh Abdul Salam
                         64J, Linton Street
                         Beniapukur, Kolkata 700014
                         E-mail: salam10695@gmail.com
                                 abs.rknirman@gmail.com

Last date for
submission of claims:    March 25, 2022


SAPS INFRASTRUCTURE PVT: Liquidation Process Case Summary
---------------------------------------------------------
Debtor: SAPS Infrastructure Pvt Ltd
        401-B, Floor 4, B Wing
        Durvankur Chs Ltd
        Dadoji Konddeo X Road
        Opp Susex Indl Estate
        Byculla (E) Mumbai City
        MH 400027
        IN

Liquidation Commencement Date: March 15, 2022

Court: National Company Law Tribunal, Mumbai, Bench III

Date of closure of
insolvency resolution process: February 25, 2022

Insolvency professional: Kairav Anil Trivedi

Interim Resolution
Professional:            Kairav Anil Trivedi
                         23 A 5th floor Jyoti Bldg
                         Barquatali Dargah Margh
                         Wadala (E), Mumbai 400037
                         E-mail: kairavtrivedi2002@yahoo.co.in

                            - and -

                         413-414 ShramJeevan B 5
                         Opp Lodha New Cuffe Parade
                         Wadala Truck Terminus
                         Mumbai 400037
Last date for
submission of claims:    April 14, 2022


SHANTI INTEGRATED: ICRA Keeps B Debt Rating in Not Cooperating
--------------------------------------------------------------
ICRA has retained the Long-term ratings of Shanti Integrated
Textile Park Pvt. Ltd. in the 'Issuer Not Cooperating' category.
The ratings are denoted as [ICRA]B (Stable)/[ICRA] A4; ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-        63.00        [ICRA]B (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non fund based–     4.00        [ICRA] A4; ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating Continues
                                   to remain under issuer not
                                   cooperating category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Shanti Integrated Textile Park Limited (SITPPL) is a special
purpose vehicle (SPV) promoted by the Gajera family of the Laxmi
Group (Surat) who have interests in diversified sectors like real
estate, gems and jewellers, textile, solar energy, ceramics,
education, etc. The company is currently developing a textile park
over 48.16 acres of land, near Surat, whereby 45 companies will
have manufacturing facilities pertaining to weaving, apparel
manufacturing, spinning etc. The project has been approved under
Government of India scheme – SITP (Scheme for Integrated Textile
Parks) in 2015, enabling part of the project cost to be funded by
the Government of India. The project was expected to be completed
by the end of FY2018.


SHIV VEGPRO: ICRA Keeps B+ Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Shiv
Vegpro Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable); ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         30.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

SVPL is engaged in solvent extraction of soybean seeds, producing
soybean oil and deoiled cake. The promoters belong to the Saboo
Group, which has a long track record of about four decades in the
food processing industry and business, having been involved in the
manufacture of edible oil in Hadoti area comprising Kota, Bundi,
Baran, Jhalawar and Bhawanmandi. The company has solvent extraction
and allied 3 processes at RIICO Industrial Area, Kota with a
crushing capacity of 400 TPD (tonnes per day) of soybean seed for
production of de-oiled cake.


SHIVA POLYTUBES: ICRA Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Shiva
Polytubes Pvt. Ltd in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4; ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          6.50        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Short Term         (2.00)       [ICRA]A4; ISSUER NOT
   Interchangeable                 COOPERATING; Rating continues
   Limits                          To remain under 'Issuer Not
                                   Cooperating' category

   Long Term           2.56        [ICRA]B+ (Stable); ISSUER NOT
   Unallocated                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in 1993, SPPL manufactures PVC pipes and fittings. The
manufacturing facility of the company is located in Patna, Bihar
with an annual installed capacity of 9,500 MT for PVC pipes and
1,062 MT for fittings. SPPL sells its products under the brand name
of 'Shiva'. SSPL has a group company called Maruti Meditech Private
Limited (rated at [ICRA]B+ (Stable)/A4 ISSUER NOT COOPERATING),
which manufactures disposable syringes.


SHUBHJIVAN DEVELOPERS: ICRA Keeps B Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the Long-term ratings of Shubhjivan Developers
LLP in the 'Issuer Not Cooperating' category. The ratings are
denoted as [ICRA]B(Stable); ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         20.00        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

SDLLP was incorporated in February 2016 as a limited liability
partnership firm by Mr. Jivanbhai Govani and Mr. Priyank Panchani.
The firm's partners have been in the real-estate business for over
two decades through various Group entities, involved in the
real-estate business in Gujarat. SJD is executing its first
residential project namely, Serenity Garden, at Kalavad Road,
Rajkot in Gujarat. The construction for the project started in May
2016 and is likely to be completed by June, 2019. The project
consists of development of 230 high-end apartments covering
4,28,579 sq. ft. of the total saleable area, comprising 4- BHK and
5-BHK units. The project also has other amenities like club house,
mini theatre, gymnasium, jogging track, common garden and outdoor
game facility for children. The ticket size of the apartment ranges
from INR0.28 crore to INR0.43 crore, which renders it easily
marketable compared to high-ticket value projects.


SIDHI VINAYAK: ICRA Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sidhi
Vinayak Foundation in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]D; ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund Based-       10.00       [ICRA]D; ISSUER NOT COOPERATING;
   Term Loan                     Rating Continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

SVF entered into an agreement with Millennium Education Management
Private Limited for establishing a school campus named The
Millennium School in Palwal. The school commenced operations from
April 2017 onwards with classes from KG to VII and a student
strength of around 63. In FY2020, it is expected to operate with
classes from KG to IX with strength of around 410 students against
a total capacity of 480.

SINTEX INDUSTRIES: Lenders Approve Reliance Industries-ACRE Plan
----------------------------------------------------------------
NDTV.com reports that the lenders of Sintex Industries have
approved the joint bid of Reliance Industries and Assets Care &
Reconstruction Enterprise to acquire the firm under the insolvency
resolution process.

NDTV.com, citing a regulatory filing released on March 20, says the
Committee of Creditors (CoC) of Sintex Industries has unanimously
voted in favor of the resolution plan by Reliance Industries and
ACRE.

"The e-voting on approval of Resolution Plan was concluded on March
19, 2022, at 10:00 pm, and the 100 per cent CoC members have duly
approved the resolution plan submitted by Reliance Industries Ltd
jointly with ACRE," the filing said.

According to the report, Sintex Industries has also received bids
from Welspun Group firm Easygo Textiles, GHCL and Himatsingka
Ventures, Shrikant Himatsingka and Dinesh Kumar Himatsingka were
placed before the CoC for consideration during the voting process.

Though Sintex Industries has not shared the quantum of joint bids
by RIL and ACRE in the regulatory filing, some reports have claimed
the amount to be around INR3,000 crore, and lenders have taken a
haircut of more than 50 per cent, the report notes.

NDTV.com says the joint resolution plan of RIL and ACRE has
proposed that "existing share capital of the Company shall be
reduced to zero and the company will be delisted from the stock
exchanges, i.e. the BSE and NSE".

Insolvency proceeding against Sintex Industries was initiated in
April last year. Claims of around INR7,500 crore has been admitted
against the company. As per the Insolvency & Bankruptcy Code
procedures, the CoC has to approve a bid with at least a 66 per
cent majority before it goes to the NCLT for final clearance.
Sintex Industries revenue was at INR1,689.15 crore in FY2020-21,
the report discloses.

For the October-December quarter, it had reported an 80 per cent
jump in its consolidated revenue from operation to INR942.66 crore
against INR523.66 crore a year ago.

It had also reported narrowing down its net loss to INR103.25 crore
from INR214.99 crore in Q3 FY2020-21, the report discloses.

Sintex Industries was founded in the 1930s as Bharat Vijay Mills, a
composite textile mill in Kalol, Gujarat. Forty years later, it was
rebranded as Sintex Industries, a cotton yarn and fabric maker.


SPARRON VITRIFIED: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sparron
Vitrified LLP in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]B+ (Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-        26.00        [ICRA]B+ (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund based-         6.00        [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund Based      3.00        [ICRA]A4; ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating continues
                                   to remain under the 'Issuer
                                   Not Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established on April 21, 2017; Sparron Vitrified LLP (SPL) is a
green field project to manufacture glazed vitrified tiles from its
plant situated at Morbi, Gujarat. The promoters have longstanding
experience in the ceramic industry by the virtue of being
associated with other ceramic companies. The installed capacity for
the proposed project will be 74000 MTPA. The company proposes to
manufacture glazed vitrified tiles of two sizes 600"X600" and
300"X600". The commercial production is expected to commission from
May 2018.


SUBRAMANYESWARA POLYMERS: ICRA Keeps B+ Ratings in Not Cooperating
------------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sri
Subramanyeswara Polymers in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable); ISSUER NOT
COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-         7.00        [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund based-         0.87        [ICRA]B+ (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Unallocated        10.33        [ICRA]B+(Stable); ISSUER NOT
                                   COOPERATING; Rating Continues
                                   to remain under issuer not
                                   cooperating category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Sri Subramanyeswara Polymers (SSP), established in 2007, is a
partnership firm involved in manufacturing of high-density
polyethylene (HDPE)/ Polyproplylene (PP) woven sacks. The
processing unit, with an installed capacity of 7,560 MT per annum,
is located at Koilkuntla in the Kurnool district of Andhra Pradesh.
SSP manufactures PP bags, which are mainly used for packing cement
and food grains. It also sells fabric sheets, which is an
intermediary product in the process of making bags.


TEXPLAS INDIA: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Texplas (India) Private Limited
        Bell Ancillary Estatebell
        Ranipur Hardiwar Uttaranchal
        UR 249403

Insolvency Commencement Date: March 14, 2022

Court: National Company Law Tribunal, Allahabad Bench

Estimated date of closure of
insolvency resolution process: September 9, 2022

Insolvency professional: Dev Vrat Rana

Interim Resolution
Professional:            Dev Vrat Rana
                         Shop No. 5, B.S.M. Tiraha
                         Roorkee, Hari Singh Market
                         Haridwar, Uttarakhand 247667
                         E-mail: cadevrana@gmail.com
                                 cirp.tpipl@gmail.com

Last date for
submission of claims:    March 28, 2022


VADSOLA CERAMIC: ICRA Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Vadsola
Ceramic in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]B(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Fund based-         7.00        [ICRA]B (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund based-         3.00        [ICRA]B (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund Based      1.50        [ICRA]A4 ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating continues
                                   To remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in August 2013, as a partnership firm, VC manufactures
digitally-printed ceramic wall tiles of two sizes— 10"X15" and
12"X18". Its manufacturing unit is in Morbi, Gujarat, and is
equipped to manufacture 18,000 metric tons (MT) of tiles per annum.
VC is owned and managed by the Vadsola and Patel family who have an
experience of more than two decades in ceramic industry through
their association with other entities.




=====================
N E W   Z E A L A N D
=====================

AYLMER CLOTHING: Creditors' Proofs of Debt Due on May 3
-------------------------------------------------------
Creditors of Aylmer Clothing Limited are required to file their
proofs of debt by May 3, 2022, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on March 22, 2022.

The company's liquidator is:

          Lynda Smart
          Rodgers Reidy (NZ) Limited
          PO Box 39090
          Harewood, Christchurch 8545


BEST NEW ZEALAND: Creditors' Proofs of Debt Due on April 26
-----------------------------------------------------------
Creditors of Best New Zealand Limited, New Zealand Healthcare
Limited, NZH Health & Beauty Limited and Parker&Co Limited are
required to file their proofs of debt by April 26, 2022, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on March 18, 2022.

The company's liquidator is:

          Digby John Noyce
          RES Corporate Services Limited
          PO Box 301890
          Albany, Auckland 0752


EVERSONS INT'L: Owner to Face Court Probe Over Overseas Assets
--------------------------------------------------------------
Stuff.co.nz reports that a former importer and seller of legal
highs with a NZD3.7 million tax debt has failed to stop liquidators
putting him in court to answer questions about his cloudy
finances.

According to Stuff, the liquidators of Evan Stewart's company
Eversons International are trying to recover about NZD3 million
from the company, so they can meet its unpaid NZD3.7 million tax
debt.

Eversons went into liquidation in 2015 and although it appeared to
have no money, its accounts showed it had overseas assets worth
NZD6.5 million, Stuff says.

Liquidators, Vivian Fatupaito and Elizabeth Keene, went to the High
Court in June 2021 seeking an order to compel Mr. Stewart to submit
to an examination in court and to produce company records.

Associate Judge Paulsen granted the order and said examining Mr.
Stewart in court was both the logical and responsible step the
liquidators should take to recover any assets or funds.

"Given his uncooperative attitude, I consider that such examination
should be before the court," the judge said.

Mr. Stewart appealed, but the Court of Appeal has upheld Judge
Paulsen's ruling saying Mr. Stewart's stance on several matters was
not plausible.

Eversons was a profitable company importing and selling synthetic
legal high products until they were banned on May 7, 2014, at which
time it stopped trading.

An income tax audit in 2015 assessed arrears at NZD3.7 million and
Mr. Stewart put the company into liquidation. Its first liquidator
Andrew Oorschot discovered 19 payments amounting to NZD3.1 million
from Eversons' bank account to another company.

Mr. Stewart maintained the payments were made to his father in
Australia.

After Oorschot resigned, the new liquidators continued chasing the
NZD3.1 million and also sought recovery of Stewart's shareholder
current account (the balance of funds introduced and withdrawn by
the shareholder) debit of about NZD2 million.

Mr. Stewart claimed he had transferred the NZD2 million to his
solicitor in Australia for investing on behalf of Eversons in units
built with his father in Arundel, Australia.

But he failed to disclose in whose name the units were registered,
how much was invested, the street address of the units or when they
were sold. He said he had never visited the units, which were sold
at a loss.

The date for the examination in the High Court has yet to be set,
Stuff notes.


NEW ZEALAND AVIATION: Court to Hear Wind-Up Petition on April 4
---------------------------------------------------------------
A petition to wind up the operations of New Zealand Aviation
Aotearoa Limited will be heard before the High Court at Whangarei
on April 4, 2022, at 10:00 a.m.

Far North Holdings Limited filed the petition against the company
on Dec. 22, 2021.

The Petitioner's solicitor is:

          James Donkin
          Level 7
          2 Commerce Street, Auckland
          Email: james@quaychambers.co.nz


PAPATOETOE FUNERAL: Court to Hear Wind-Up Petition on May 13
------------------------------------------------------------
A petition to wind up the operations of Papatoetoe Funeral Cottage
Limited will be heard before the High Court at Auckland on May 13,
2022, at 10:00 a.m.

Tony Allen Auto Services Limited filed the petition against the
company on Feb. 22, 2022.

The Petitioner's solicitor is:

          Christina Keil
          Merran Keil, Barrister
          Regent Chambers, Level 4
          68 Shortland Street, Auckland


TOP SHELF: Creditors' Proofs of Debt Due on April 22
----------------------------------------------------
Creditors of Top Shelf Productions Limited are required to file
their proofs of debt by April 22, 2022, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on March 18, 2022.

The company's liquidator is:

          R. MASON-THOMAS
          Meltzer Mason, Chartered Accountants
          PO Box 6302
          Victoria Street West, Auckland 1141




=================
S I N G A P O R E
=================

DXC TECHNOLOGY: Faces Legal Action Over Alleged Payment Default
---------------------------------------------------------------
The Business Times reports that the master lessee at Keppel DC
Singapore 1, one of Keppel DC Reit's data centre, has commenced
legal proceedings against tenant DXC Technology Services Singapore
(DXC) over the latter's partial default of payment in relation to
colocation services provided at its data centre in Serangoon North.


The amount being disputed is approximately SGD14.8 million for the
4-year period between April 1, 2021 and March 31, 2025, the real
estate investment trust (Reit) manager said in a bourse filing on
March 21, BT relays.

DXC has disputed their liability to make payment, the report says.

According to BT, the tenant occupies about 0.4 per cent of Keppel
DC Reit's total attributable lettable area as at Dec. 31, 2021, and
the impact arising from the disrupted sum per annum is
approximately 2 per cent of Keppel DC Reit's distributable income
for the financial year ended Dec. 31, 2021.

BT relates that the Reit manager said it does not believe the legal
dispute to have a material impact on Keppel DC Reit's overall
financial performance.

The master lessee and appointed facility manager of the data
centre, located on 25 Serangoon North Avenue 5, is Keppel DC
Singapore Ltd (KDC).

"While KDC, together with the manager and DXC, have engaged in
various commercial discussions and mediations, the parties have not
been able to arrive at a mutually acceptable resolution," said the
Reit manager, BT relays.

The manager added that further updates will be provided as and when
there are material developments in the legal proceedings.




=====================
S O U T H   K O R E A
=====================

EASTAR JET: Exits Court Receivership, To Resume Operations
----------------------------------------------------------
Yonhap News Agency reports that Eastar Jet Co., a South Korean
low-cost carrier, said March 22 it has graduated from the court-led
debt-rescheduling program in one year after it was placed under
court receivership amid the COVID-19 pandemic.

Eastar applied for court receivership in January 2021 as it had
failed to find a strategic investor since July 2020, when Jeju Air
Co., the country's biggest budget carrier, scrapped its plan to
acquire Eastar amid the pandemic, Yonhap recalls.

In November, local property developer Sung Jung Co. acquired an
entire stake in Eastar through a rights issue following the budget
carrier's overall stock cancellation worth KRW48.5 billion (US$40
million).

Yonhap relates that Sung Jung has injected a total of KRW112
billion into Eastar and still has ample cash to help the carrier
ride out the prolonged pandemic, Eastar President and CEO Kim
You-sang told Yonhap News Agency last month.

Eastar has yet to receive air operator certificate (AOC) approval
from the transport ministry for flight resumption.

Upon AOC approval, the company aims to initially resume flights on
the Gimpo-Jeju route in April or May, Yonhap says.

Eastar has suspended most of its flights on domestic and
international routes since March 2020, and its AOC became
ineffective in May, according to Yonhap.

Eastar, a China-focused carrier, currently has three B737-800
chartered planes, sharply down from 23 aircraft before the pandemic
hit the airline industry two years ago. The 23 planes served a
total of 38 domestic and international routes before the pandemic.


It plans to expand the fleet to six or seven by June, 10 by
December this year and 17-18 by the end of next year. Most of the
new chartered planes will be the B737-800 or B737-MAX8, the company
said.

Eastar Jet is a low-cost airline with its headquarters in
Banghwa-dong, Gangseo-gu, Seoul, South Korea.


SSANGYONG MOTOR: Creditors Oppose Edison Motors' Acquisition Bid
----------------------------------------------------------------
Pulse reports that commercial creditors of SsangYong Motor Co. have
officially opposed to the Edison Motors-led consortium's
acquisition of the cash-strapped Korean automaker and asked the
Seoul bankruptcy court to renew M&A process.

The petition against the Edison Motor consortium's takeover of
SsangYong signed by 258, or 92.3 percent of its 344 commercial
creditors, was submitted to a Seoul Bankruptcy Court on March 21,
according to Pulse.

Pulse relates that the consortium earlier proposed to repay 1.75
percent of the carmaker`s debt worth KRW547 billion (US$448.4
million) in cash while converting the bulk of 98.25 percent into
equity under a rehabilitation scheme.

The reimbursement ratio is too low, considering the ratio SsangYong
proposed under the first court management in 2009 when it offered
to pay back 47 percent with cash and 43 percent with new issues
excluding the principal of 10 percent, Pulse says. The relatively
generous plan even failed to secure the agreement of the then
creditors at that time.

"We can't trust the financing capability and turnaround plan
proposed by Edison Motors," said creditors in the petition. "We ask
the court to allow us to find a different owner through another M&A
process under court protection."

SsangYong's turnaround plan must earn approval from three-fourths
of the securities right holders, two-thirds of the creditors and
half of the shareholders in order to graduate from court
receivership, Pulse relays.

Creditors unhappy with the debt restructuring and payment scheme
will help to sustain SsangYong until the carmaker finds a new,
genuine investor with credible plans, the commercial creditors said
in a statement.

They maintain the Edison Motors-led consortium with the plan to
acquire SsangYong that earns more than KRW2 trillion in sales for a
mere KRW300 billion has no ability to pay out rehabilitation
claims, let alone priority claims in full, the report adds.

                       About SsangYong Motor

Headquartered in Kyeonggi-Do, South Korea, Ssangyong Motor Co. Ltd.
engages in the manufacture and sale of automobiles. The Company
mainly manufactures and sells recreational vehicles (RVs), sports
utility vehicles (SUVs), multi-purpose vehicles (CDVs) and
passenger cars under the brand name of Rexton Sports, Korando,
Korando Sports, Korando Turismo, Tivoli, Tivoli Air and others. The
Company also provides automobile parts. The Company distributes its
products within domestic market and to overseas markets.

Mahindra & Mahindra Ltd. acquired a 70% stake in SsangYong for
KRW523 billion in 2011 and now holds a 74.65% stake in the
carmaker.

On Dec. 21, 2020, SsangYong Motor filed for court receivership as
it struggles with snowballing debts amid the COVID-19 pandemic,
according to Yonhap News Agency. The decision comes after SsangYong
Motor failed to pay KRW60 billion (US$54.8 million) worth of debts
to its three creditor banks.

On April 15, 2021, SsangYong Motor Co. was placed under court
receivership as its Indian parent Mahindra & Mahindra failed to
attract an investor amid the prolonged COVID-19 pandemic and its
financial status is further worsening.

SsangYong and its lead manager, the EY Hanyoung accounting firm,
recently selected a local consortium led by Edison Motors Co. as
the preferred bidder for the debt-laden carmaker.



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2022.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
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Information contained herein is obtained from sources believed
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                *** End of Transmission ***