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       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

          Tuesday, May 21, 2024, Vol. 27, No. 102

                           Headlines



A U S T R A L I A

AUSTRAL RESOURCES: Ends Receivership; Focuses on Recapitalisation
D & D AUTOMOBILE: Second Creditors' Meeting Set for May 23
GEORGES GOURMET: First Creditors' Meeting Set for May 23
OREXPLORE TECHNOLOGIES: First Creditors' Meeting Set for May 23
PROGRESS 2022-1: S&P Affirms BB (sf) Rating on Class E Notes

SMORGON FUELS: Placed in Voluntary Administration
THREE FLOORS: Second Creditors' Meeting Set for May 23
UMZIWAM PTY: First Creditors' Meeting Set for May 24


C H I N A

HUMAN HORIZONS: Starts Restructuring After Shutting for 3 Months
LI AUTO: To Save USD291MM by Shrinking Workforce by Almost a Fifth
SHIMAO GROUP: Debt-Laden Unit Kicked Off Shanghai Bourse
[*] CHINA: Getting Serious About Fixing Broken Housing Market


I N D I A

A P STEEL: Insolvency Resolution Process Case Summary
ARIHANT PRIME: CRISIL Keeps B+ Debt Rating in Not Cooperating
ARR INFRA: CRISIL Keeps B Debt Rating in Not Cooperating
ARYAN VILLA: CRISIL Keeps D Debt Rating in Not Cooperating
ARYAVARTA COOL: CRISIL Keeps D Debt Ratings in Not Cooperating

EDIMANNICKAL JEWELLERY: CRISIL Keeps B+ Rating in Not Cooperating
EMERGING PROJECTS: CRISIL Keeps B Debt Ratings in Not Cooperating
EVM MOTELS: CRISIL Keeps B+ Debt Rating in Not Cooperating
EXPRESS INFRATECH: CRISIL Keeps B+ Debt Rating in Not Cooperating
FAVOURITE PLUS: CRISIL Keeps B Debt Rating in Not Cooperating

FLAGMARK BUILDERS: CRISIL Keeps D Debt Rating in Not Cooperating
GAJALAKSHMI BANGALORE: CRISIL Keeps B+ Ratings in Not Cooperating
GALLICTRANS CARGO: Insolvency Resolution Process Case Summary
GANESHA MOTORS: CRISIL Keeps C Debt Ratings in Not Cooperating
GAYATRI COTTON: CRISIL Keeps D Debt Rating in Not Cooperating

GEMUS ENGINEERING: Insolvency Resolution Process Case Summary
GREEN SOUL ERGONOMICS: Insolvency Resolution Process Case Summary
INDIA: Creditors' Haircuts in Bankruptcy Cases Up 73% in FY24
JKM VENTURES: CRISIL Reaffirms B+ Rating on INR5cr Cash Loan
KALPATARU VANIJYA: Insolvency Resolution Process Case Summary

KATARIA CARRIERS: CRISIL Keeps B Debt Ratings in Not Cooperating
KHUSHI EXIM: CRISIL Keeps D Debt Rating in Not Cooperating
KISSAN INDUSTRIES: CRISIL Keeps B Debt Rating in Not Cooperating
KOPPAL SOLAR: CRISIL Keeps D Debt Rating in Not Cooperating
KUMAR AGRO: CRISIL Keeps B Debt Ratings in Not Cooperating

MAHAPRABHU HIMGHAR: CRISIL Withdraws B Rating on INR3.0cr Loan
NARBHERAM AGENCIES: CRISIL Keeps B Ratings in Not Cooperating
NIBULA PRINT: Liquidation Process Case Summary
NSR BUILDCON: CRISIL Keeps B- Debt Rating in Not Cooperating
PATANJALI FOODS: To Divest Stake in Ruchi Ethiopia Holdings

POLO HOTELS: Insolvency Resolution Process Case Summary
RADHEY RADHEY: CRISIL Withdraws B Rating on INR13cr Cash Loan
RAMPRASAD SKYSCRAPERS: CRISIL Keeps B+ Rating in Not Cooperating
S.K. MEDICAL: CRISIL Keeps B Debt Rating in Not Cooperating
SAI EXPORT: CRISIL Moves B- Debt Rating in Not Cooperating

SAISREE ENGINEERS: CRISIL Keeps D Debt Ratings in Not Cooperating
SOLAR SEMICONDUCTOR: Liquidation Process Case Summary
SUNFLOWER EDUCATIONAL: CRISIL Keeps D Rating in Not Cooperating
TRANSPORTWALE 5D: Insolvency Resolution Process Case Summary
VIJAYA SARADA: CRISIL Keeps D Debt Ratings in Not Cooperating

VYVA APPARELS: Liquidation Process Case Summary


J A P A N

UNIVERSAL ENTERTAINMENT: S&P Keeps 'CCC+' LT ICR on Watch Positive


N E W   Z E A L A N D

BLUESTONE CARS: Creditors' Proofs of Debt Due on June 12
COLORADO INTRINSICS: Creditors' Proofs of Debt Due on June 10
CONBRIO PRINT: Court to Hear Wind-Up Petition on June 21
MICHAEL KERR: Court to Hear Wind-Up Petition on May 28
STATION ONE: Creditors' Proofs of Debt Due on June 28



P H I L I P P I N E S

PHOENIX PETROLEUM: PSE Suspends Trading of Company's Share


S I N G A P O R E

GEOCON PILING: Creditors' Meeting Set for May 24
GEOGRAPHE ENERGY: Creditors' Proofs of Debt Due on June 17
LISA GLOBAL: Court Enters Wind-Up Order
LUCKY GARDEN: Court Enters Wind-Up Order
YANG KEE: Creditors' Meeting Set for June 7



X X X X X X X X

[*] BOND PRICING: For the Week May 13, 2024 to May 17, 2024

                           - - - - -


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

AUSTRAL RESOURCES: Ends Receivership; Focuses on Recapitalisation
-----------------------------------------------------------------
Austral Resources Australia Ltd announced on May 13, 2024, the
retirement of Deloitte as Receivers and Managers of the Austral
group of companies.

"Following the cessation of the receivership appointment, we advise
that the Directors are now in control of the business and
operations of the Austral group of companies (Austral)," Austral
said. This applies to each of the entities within the group,
including:

     * Austral Resources Australia Ltd (ACN 142 485 470)
     * Austral Resources Operations Pty Ltd (ACN 136 930 222)
     * Austral Resources Exploration Pty Ltd (ACN 612 119 123)

Austral said Glencore Australia Holdings Pty Limited, the
Company’s strategic offtake partner, has acquired the senior
secured debt from Win Finance No. 359 Pty Ltd. and has assumed the
role of senior secured creditor.

Throughout the receivership period, Austral has remained focused on
maintaining production levels. As of May 13, the inventory sits at
810 tonnes of LME copper cathode on-site, ready for sale.
Operations such as haulage, crushing, and processing were
uninterrupted and are ongoing. The Anthill and Mt Kelly
run-of-mines currently contain 300,000 tonnes of ore with an
average copper grade of 0.73%, ready for processing.

The Company is actively continuing discussions with Glencore and
other secured creditors, with a focus on restructuring of the
business. Over the past week, Austral has received multiple
inquiries from potential strategic funding partners. Discussions
and negotiations with these entities are ongoing.

Dan Jauncey Managing Director and CEO commented: "This is a very
positive outcome for the Company, it puts us back in a strong
position to move forward. With copper prices and demand rising, we
are entering a new era. The focus on restructuring Austral comes at
an opportune time as the global market shows a robust appetite for
copper."

Austral Resources is a copper producer, developer, and explorer
located in the Mt Isa District of northwest Queensland.

Deloitte Turnaround & Restructuring partners Jason Tracy, Grant
Sparks and Sean Holmes have been appointed Joint and Several
Receivers and Managers to Austral Resources, effective May 1, 2024.

D & D AUTOMOBILE: Second Creditors' Meeting Set for May 23
----------------------------------------------------------
A second meeting of creditors in the proceedings of D & D
Automobile Refinishers Pty. Ltd. has been set for May 23, 2024 at
11:00 a.m. at the offices of Smith Hancock Chartered Accountants at
Suite 47.04, Level 47, 8 Parramatta Square, 10 Darcy Street in
Parramatta and via Microsoft Teams platform.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by May 22, 2024 at 4:00 p.m.

Peter Hillig of Smith Hancock Chartered Accountants was appointed
as administrator of the company on April 17, 2024.


GEORGES GOURMET: First Creditors' Meeting Set for May 23
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Georges
Gourmet Pizzeria Pty Ltd will be held on May 23, 2024 at 10:00 a.m.
via videoconference facilities.

John Vouris and Kathleen Vouris of Hall Chadwick were appointed as
administrators of the company on May 15, 2024.


OREXPLORE TECHNOLOGIES: First Creditors' Meeting Set for May 23
---------------------------------------------------------------
A first meeting of the creditors in the proceedings of Orexplore
Technologies Limited and Orexplore Australia Pty Ltd will be held
on May 23, 2024 at 10:00 a.m. via virtual meeting only.

Quentin Olde and Liam Healey of Ankura Consulting were appointed as
administrators of the company on May 13, 2024.


PROGRESS 2022-1: S&P Affirms BB (sf) Rating on Class E Notes
------------------------------------------------------------
S&P Global Ratings raised its ratings on three classes of prime
residential mortgage-backed securities (RMBS) issued by Perpetual
Trustee Co. Ltd. as trustee for Progress 2022-1 Trust. At the same
time, S&P affirmed its ratings on three classes of notes issued out
of the same trust.

The rating actions reflect the increased credit support to the
notes and S&P's view of the credit risk of the underlying
collateral portfolio, which has been amortizing in line with its
expectations, decreasing the expected loss. The current
loan-to-value (LTV) ratio for the pool has decreased as principal
has been repaid. As of March 31, 2024, the pool has a current
weighted-average LTV ratio of 61.9%, weighted-average seasoning of
64.1 months, and pool factor of about 53.3%. Loans that are more
than 30 days in arrears comprise 1.43% of the pool, of which 1.03%
are more than 90 days in arrears. There have been no losses to date
for the portfolio.

S&P said, "We have limited the rating upgrades on the class C and
class D notes below model outcomes. We view the credit support
provided to both classes of notes at their revised rating levels as
sufficient to mitigate a potential increase in arrears.

"We believe that the credit support provided to each class of notes
is sufficient to withstand the stresses we apply at each respective
rating level. Credit support comprises subordination from junior
notes and lenders' mortgage insurance on 24.5% of the portfolio.

"We expect that the various mechanisms to support liquidity within
the transactions, including an amortizing liquidity reserve and the
trapping of excess spread following the call-option date, are
sufficient under our cash-flow stress assumptions to ensure timely
payment of interest for each class of notes at its respective
rating level."


  Ratings Raised

  Progress 2022-1 Trust

  Class B: to AAA (sf) from AA (sf)
  Class C: to AA- (sf) from A (sf)
  Class D: to BBB+ (sf) from BBB (sf)

  Ratings Affirmed

  Progress 2022-1 Trust

  Class A1-L: AAA (sf)
  Class AB: AAA (sf)
  Class E: BB (sf)


SMORGON FUELS: Placed in Voluntary Administration
-------------------------------------------------
Matthew Hutton, Jason Preston & Mark Holland of McGrathNicol were
appointed as voluntary administrators of Smorgon Fuels Pty Ltd on
May 17, 2024.

Smorgon Fuels Pty Ltd's line of business includes the wholesale
distribution of petroleum and petroleum products.


THREE FLOORS: Second Creditors' Meeting Set for May 23
------------------------------------------------------
A second meeting of creditors in the proceedings of Three Floors Up
Pty Ltd has been set for May 23, 2024 at 3:00 p.m. via virtual
meeting technology.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by May 22, 2024 at 4:00 p.m.

David Mark Mutton and Andrew Blundell of Cathro Partners were
appointed as administrators of the company on April 17, 2024.


UMZIWAM PTY: First Creditors' Meeting Set for May 24
----------------------------------------------------
A first meeting of the creditors in the proceedings of Umziwam Pty
Ltd will be held on May 24, 2024 at 10:30 a.m. at the offices of SV
Partners at 22 Market Street in Brisbane.

David Michael Stimpson and Adam Peter Kersey of SV Partners were
appointed as administrators of the company on May 14, 2024.




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

HUMAN HORIZONS: Starts Restructuring After Shutting for 3 Months
----------------------------------------------------------------
Yicai Global reports that HiPhi has begun reorganization after
halting production in late February, with US carmaker iAuto Group
providing financial and other support to the Chinese luxury
electric company.

According to Yicai, IAuto will give Human Horizons Technology,
which owns the HiPhi brand, up to USD1 billion in the first round
for its restructuring, it announced on May 16. With financial,
technical, and resource support, the Shanghai-based firm has
started to rebuild its teams and resume production, it added.

IAuto and Human Horizons inked a deal on May 10, including
"manufacturing collaboration for the fulfillment of sales orders,
equity merger and acquisition, technical cooperation, brand, and
international sales alignment, integration of supply chain and
production," the US firm noted.

"IAuto will fully support HiPhi's plan to resume business operation
and vehicle production," it said, Yicai relays. "The transaction
will set a precedent of restructuring initiatives for the Chinese
auto industry, realizing a successful implementation of policies
such as 'fostering effective business reorganization, eliminating
over investment in production capacity, and optimizing business
environment' in various cities."

Registered and established in Delaware, iAuto is owned by Yang
Rong, a Chinese investor and founder of China's first overseas
listed company Brilliance Auto, according to the report by 21
Century News. Yang contributed to establishing Chinese joint
venture BMW Brilliance and later set up Hybrid Kinetic Motors in
the US.

Ding Lei, a former executive at auto giant SAIC Motor and the
vehicle arm of video platform Leshi, set up Human Horizons in 2017.
HiPhi has launched three models but has failed to achieve a
breakthrough in sales, Yicai notes.

HiPhi announced it would stop production for six months on Feb. 18,
Yicai recalls. There are only three months to save the firm, Ding,
who is also its chairman, told its workers at the time, adding that
he will spare no effort to do so and even if he fails "at least he
will try his best."

                        About Human Horizons

Headquartered in Shanghai, China, Human Horizons Technology --
https://www.human-horizons.com/ -- makes electric cars under the
HiPhi brand and develops autonomous driving technology. It operates
its production and assembly smart plant in Yancheng, Jiangsu
Province, and its parts boutique prototype factory in Jinqiao,
Shanghai.

As reported in the Troubled Company Reporter-Asia Pacific on March
4, 2024, Human Horizons, the struggling Chinese maker of
HiPhi-branded premium electric vehicles, is encouraging employees
to leave voluntarily with financial incentives. According to Yicai
Global, employees who decide to go will be paid an equivalent of
one month's salary for each past year of service, the
Shanghai-based producer of new energy vehicles announced on Feb.
29. Workers can join the program by March 1 and all transfers are
scheduled by September.

On Feb. 18, Human Horizons announced that it would suspend
production for at least six months due to its distressed capital
chain.  On Feb. 22, founder Ding Lei said that the startup has
three months to save itself and that many companies have shown
interest in acquiring or investing in it, Yicai relates.

LI AUTO: To Save USD291MM by Shrinking Workforce by Almost a Fifth
------------------------------------------------------------------
Yicai Global reports that Li Auto will likely save about CNY2.1
billion (USD291 million) in salary costs by laying off more than 18
percent of its employees, after the Chinese electric car startup's
first-quarter deliveries fell short of expectations, according to a
media report.

Over 5,600 workers will go based on Li Auto's 31,600 headcount at
the end of last year, 21st Century Business Herald reported on May
19, citing insiders familiar with the matter, Yicai relays. The
Beijing-based firm paid staff more than CNY12.1 billion (USD1.7
billion) in wages in 2023.

According to Yicai, Li Auto's sales and service operation
departments will let go of over 400 employees, while the number of
workers at its recruitment department will be cut to between 40 and
50 from more than 200. Its smart driving team will be downsized to
less than 1,000.

Yicai relates that the carmaker's headcount surged 63 percent last
year from 2022 as it became the first Chinese auto startup to
report more than CNY100 billion in revenue and the third EV maker
to make a profit after Tesla and BYD.

Li Auto had net profit of over CNY11.8 billion, with a gross profit
margin of 22 percent, on revenue of CNY123.9 billion (USD17.1
billion), its annual financial report showed. The firm delivered
376,000 vehicles last year.

In comparison, the workforces at peers Nio, Xpeng Motors, and Zeekr
increased by 23 percent, 17 percent, and 28 percent, respectively,
Yicai says.

But Li Auto performed worse than expected in the first three months
of this year. During an earnings conference call on Feb. 26, the
firm predicted it would deliver 100,000 to 103,000 cars in the
period, up 90 percent to 96 percent from a year ago, Yicai
discloses. It later revised that to 76,000 to 78,000 units after
orders fell short of expectations.

Li Auto Inc. designs, develops, manufactures, and sells premium
smart electric vehicles.


SHIMAO GROUP: Debt-Laden Unit Kicked Off Shanghai Bourse
--------------------------------------------------------
Yicai Global reports that Shanghai Shimao, the listed arm of
struggling Chinese real estate developer Shimao Group, has been
kicked off the Shanghai stock exchange for trading below CNY1
(USD0.13) for the last 20 consecutive trading days, bringing to an
end a thirty-year listing.

Shanghai Shimao's share price plunged by the exchange-imposed limit
on May 15 to close at CNY0.43 (USD0.06), giving it a market
capitalization of just CNY1.6 billion (USD221.7 million), Yicai
discloses.

Shanghai Shimao, which went public in Shanghai in 1994, is
struggling to pay off its debts as the developer's sales have yet
to recover due to a prolonged downturn in the real estate market
that started in 2022 and as fundraising becomes more difficult,
according to Yicai.

The Shanghai-based firm, which had amassed debts of CNY12 billion
(USD1.6 billion) as of April 30, defaulted on principal and
interest worth CNY608 million (USD84.2 million) on May 6, Yicai
discloses. It was the second payment due on medium-term notes
issued in 2021, it said on May 8.

Its parent firm owed CNY264 billion (USD36.6 billion) as of the end
of last year, 75 percent of which matures in the next 12 months.
The company only had cash and cash equivalents of CNY21.4 billion
(USD2.9 million) as of Dec. 31 and it had defaulted on CNY169.4
billion (USD23.4 billion) worth of loans, according to Yicai.

Shimao Group was slapped with a winding up petition from creditor
China Construction Bank Asia on April 5 at the Hong Kong High Court
for failing to repay a loan worth HKD1.6 billion (USD202.4
million), Yicai recalls.  

                         About Shimao Group

China-based Shimao Group Holdings Ltd, formerly Shimao Property
Holdings Ltd, is an investment holding company principally engaged
in the sale of properties. The Company operates its business
through four segments. The sales of Properties segment is mainly
engaged in the development of residential real estate. The Property
Management Income and Others is mainly engaged in property
management. The Hotel Operation Income segment is mainly engaged in
hotel operations. The Commercial Properties Operation Income
segment is mainly engaged in the development, investment and
operation of commercial, office and industrial park property
projects.

As reported in the Troubled Company Reporter-Asia Pacific in July
2022, Shimao Group has missed the interest and principal payment of
a US$1 billion offshore bond due on July 3, 2022.

[*] CHINA: Getting Serious About Fixing Broken Housing Market
-------------------------------------------------------------
The Wall Street Journal reports that China rolled out its boldest
steps yet to fix its broken housing market, as Beijing sought to
finally bring to an end a drawn-out real-estate crunch that has
hobbled its economy for years.

According to the Journal, the centerpiece of May 17's measures is
Beijing's embrace of a policy already being tested in some cities
in China - getting city and local authorities to buy up unsold
homes and convert them into affordable housing for low- and
middle-income families.

The package also includes scrapping minimum interest rates on
mortgages and reducing required down payments for would-be home
buyers.

By stepping in as a buyer of last resort for millions of
properties, the government is seeking to bail out failed
developments, mop up housing inventory and persuade spooked buyers
to re-enter the market, the Journal relates.

Still, the scale of the program - and where cities and
cash-strapped local governments will get the funding to pay for it
- isn't clear, the Journal says. Economists estimate clearing the
enormous backlog of empty or unfinished homes dotting China's vast
geography will cost hundreds of billions of dollars. Only the
central government in Beijing or the People's Bank of China would
have the necessary resources to finance a nationwide expansion of
the home buying plan, they say.

The stakes are high. China's epic real-estate bust is sapping
investment and consumption and dragging down overall growth. New
data on May 17 showed retail sales slowed last month and property
investment tumbled almost 10% year over year, the Journal
discloses.

China has turned to manufacturing to power growth instead,
aggravating trade tensions with the rest of the world as weak
spending at home means Chinese companies need to find buyers for
their wares overseas, the report adds.




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

A P STEEL: Insolvency Resolution Process Case Summary
-----------------------------------------------------
Debtor: A P Steel RE Rolling Mill Limited

        Registered Address:
        VIII/635 Phase 1
        New Industrial Development Area
        Menonpara Road
        Kanjikode Palakkad
        Kerala 678621
        
Insolvency Commencement Date: May 2, 2024

Court: National Company Law Tribunal, Kochi Bench

Estimated date of closure of
insolvency resolution process: October 29, 2024

Insolvency professional: Jossy Steephen Kattur

Interim Resolution
Professional: Jossy Steephen Kattur
              Barons 16C,
              Skyline Imperial Gardens
              Stadium Link Road,
              Kaloor, Ernakulam 682025
              Email: jossysk@gmail.com
              Email: apsirp2024@gmail.com

Last date for
submission of claims: May 16, 2024


ARIHANT PRIME: CRISIL Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Arihant Prime
Developers Private Limited (APDPL) continues to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              10         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with APDPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of APDPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on APDPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
APDPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

APDPL, is part of Jaipur based Arihant group promoted by Mr. Tarun
Nahata and Mr. Vimal Nahata. It is engaged in residential real
estate development and is currently undertaking one residential
project- 'Eminent Tower'' at Jaipur.


ARR INFRA: CRISIL Keeps B Debt Rating in Not Cooperating
--------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of ARR Infra
Promoters (AIP) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Overdraft Facility        5        CRISIL B/Stable (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with AIP for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AIP, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AIP
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AIP continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

AIP was established by Mr. Rajhamani as a proprietorship firm in
2010. Based in Erode, Tamil Nadu, the firm undertakes road
construction activities.


ARYAN VILLA: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Aryan Villa
and Resorts LLP (AVR) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               25        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AVR for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AVR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AVR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AVR continues to be 'CRISIL D Issuer Not Cooperating'.

AVR is setting up a 70-key 5-star hotel and luxury resort on
Pakhowal Road, Ludhiana at a cost of INR64.50 crore, with
debt-funding to the tune of INR25 crore. The resort is expected to
commence operations by March 2019.


ARYAVARTA COOL: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Aryavarta
Cool Chain (AVCC) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           2.5         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Cash         0.6         CRISIL D (Issuer Not
   Credit Limit                      Cooperating)

   Term Loan             8.9         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AVCC for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AVCC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AVCC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AVCC continues to be 'CRISIL D Issuer Not Cooperating'.

AVCC was set up as a partnership firm in January 2015, by Mr. Jogi
Ram, Mr. Prem Chand Bidhan, Mr. Sidharth Jhinjha, Mr. Radha
Krishan, and Mr. Jaswinder Singh. The firm is operating a CA cold
storage unit at Mubarakpur, with capacity of 5103 tonnes (21
chambers of 243 tonnes each).


EDIMANNICKAL JEWELLERY: CRISIL Keeps B+ Rating in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Edimannickal
Jewellery (EJ) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            5.6        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     4.3        CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with EJ for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of EJ, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EJ is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of EJ
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

EJ, set up as a partnership firm by Mr. E T Jose and his brother
Mr. Thomas Mathew in 1989, retails gold jewellery. It owns a shop
in Ranni, Kerala. Operations are managed by Mr. Thomas Mathew.


EMERGING PROJECTS: CRISIL Keeps B Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Emerging
Projects Private Limited (EPPL) continue to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Overdraft Facility     4.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan              7.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with EPPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of EPPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EPPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EPPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in 2008, EPPL runs a 120-bed multi-speciality,
tertiary care Cosmos Hospital in Moradabad. The hospital, started
in September 2011, provides medical care in 24 departments.


EVM MOTELS: CRISIL Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of EVM Motels
Private Limited (EVM) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               10        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with EVM for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of EVM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EVM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EVM continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

EMPL, which was set up in 2005, operates a four-star hotel,
Guruvayoor Gateway at Guruvayoor, Kerela, and is setting up another
hotel, Darshan Guruvayoor at Guruvayoor and Hotel Rajakkad in
Idukki district. The company is promoted by by Mr. Jose Mathew, Mr.
Robin Jose, Ms. Annie Jose, Ms. Meethu Mary Robin, Mr. Joseph
Valayat and Ms. Romeena Jose.


EXPRESS INFRATECH: CRISIL Keeps B+ Debt Rating in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Express
Infratech Private Limited (EIPL) continues to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            14.2       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with EIPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of EIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EIPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

EIPL is engaged in mining activities in the iron ore belt of Odisha
and stone belt of Jharkhand.


FAVOURITE PLUS: CRISIL Keeps B Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Favourite Plus
Ceramic Private Limited (FPCPL) continues to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Proposed Long Term        10       CRISIL B/Stable (Issuer Not
   Bank Loan Facility                 Cooperating)

CRISIL Ratings has been consistently following up with FPCPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of FPCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on FPCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
FPCPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in 2009, FPCPL manufactures ceramic wall tiles. Its
facility in Morbi, Gujarat, has installed capacity of 40,000 tonne
per annum. FPCPL is promoted by Mr. Hitesh Shirvi and Mr.
Vijaykumar Rangpadiya.


FLAGMARK BUILDERS: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Flagmark
Builders Private Limited (Flagmark) continues to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               10        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with Flagmark for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Flagmark, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Flagmark is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Flagmark continues to be 'CRISIL D Issuer Not
Cooperating'.

Incorporated in 2013, Flagmark is engaged in real estate
development. The company is based out of Thiruvananthapuram
(Kerala). The company started its commercial operations in fiscal
2017.


GAJALAKSHMI BANGALORE: CRISIL Keeps B+ Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Gajalakshmi
Bangalore Dyes and Chemicals (GBDC) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Channel Financing      7          CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     3          CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with GBDC for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GBDC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GBDC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
GBDC continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

GBDC was established as a partnership firm between Mr. E Vivek
Reddy and his family in 1974. It trades in industrial chemicals,
solvents, and polyvinyl chloride resins manufactured by Chemplast
Sanmar Ltd. The main office is in Bengaluru, and the branch in
Cochin.


GALLICTRANS CARGO: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Gallictrans Cargo Logistics Private Limited

        Registered Address:
        401, Sunflower Tower
        Opp Old Police Line
        Kharkar Ali, Thane
        Thane West
        Maharashtra, India 400602
        
Insolvency Commencement Date: May 1, 2024

Court: National Company Law Tribunal, Mumbai Bench Court I

Estimated date of closure of
insolvency resolution process: October 28, 2024

Insolvency professional: Anish Gupta

Interim Resolution
Professional: Anish Gupta
              105, Lotus Business Park
              Ram Baug Lane, Off S V Road
              Malad (West), Mumbai 400064
              Email: ipanishgupta@gmail.com
              Email: cirpgclpl@gmail.com

Last date for
submission of claims: May 15, 2024


GANESHA MOTORS: CRISIL Keeps C Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ganesha
Motors Private Limited (GMPL) continue to be 'CRISIL C Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            3.13       CRISIL C (Issuer Not
                                     Cooperating)

   Proposed Fund-         2.77       CRISIL C (Issuer Not
   Based Bank Limits                 Cooperating)

   Term Loan              0.60       CRISIL C (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with GMPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
GMPL continues to be 'CRISIL C Issuer Not Cooperating'.

Incorporated in June 2013, GMPL is an authorised dealer of
passenger vehicles and spare parts of FCA India Automobiles Pvt Ltd
(Fiat India). GMPL is promoted by Mr. Mohan Singh Guleria and
managed by Mr. Guleria and his wife, Mrs Rita Guleria.The company
currently operates two showrooms'one in Mandi and the other in
Hamirpur (both in Himachal Pradesh), equipped with sales, service
and spares (3S) facilities.


GAYATRI COTTON: CRISIL Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Gayatri Cotton
Mills (GCM) continues to be 'CRISIL D Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Proposed Long Term        2        CRISIL D (Issuer Not
   Bank Loan Facility                 Cooperating)

CRISIL Ratings has been consistently following up with GCM for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GCM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GCM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
GCM continues to be 'CRISIL D Issuer Not Cooperating'.

Set up in 2012 as a partnership firm by Mr. Innamuri Bassavaiah and
Mr. Innamuri Subrahmanyam, GCM gins raw cotton at its facility in
Guntur, Andhra Pradesh.


GEMUS ENGINEERING: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Gemus Engineering Limited

        Registered Address:
        E/3/4 Gillander House 8
        N S Road, Kolkata
        West Bengal, India 700001
        
Insolvency Commencement Date: April 30, 2024

Court: National Company Law Tribunal, Kolkata Bench

Estimated date of closure of
insolvency resolution process: October 27, 2024

Insolvency professional: Arun Kumar Gupta

Interim Resolution
Professional: Arun Kumar Gupta
              P-15 Bentinck Street, 3rd Floor
              Kolkata - 700001
              Email: guptaarunkumar2001@yahoo.com
              Email: gemus.ibc@gmail.com

Last date for
submission of claims: May 14, 2024


GREEN SOUL ERGONOMICS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------------
Debtor: Green Soul Ergonomics Private Limited

        Registered Address:
        Unit 5, 6, 7, 8, 9, 10 & 11
        Building No. D2, Green Space
        Village Vahuli, Vadavali
        Thane, Bhiwandi, Maharashtra 421302
        
Insolvency Commencement Date: May 1, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: October 28, 2024

Insolvency professional: Vishal Ghisulal Jain

Interim Resolution
Professional: Vishal Ghisulal Jain
              D-1902, Palm Beach Residency
              Amey CHS Ltd., Plot No. 24-29, Sector-4
              Nerul (West), Navi Mumbai
              Maharashtra 400706
              Email: vishal@resolvegroup.co.in

              -- and --

              c/o. Resolve-IPE Private Limited
              Office No. V-3073, Akshar Business Park
              Sector-25, Vashi, Navi Mumbai-400705
              Email: green.soul@resolvegroup.co.in

Last date for
submission of claims: May 15, 2024


INDIA: Creditors' Haircuts in Bankruptcy Cases Up 73% in FY24
-------------------------------------------------------------
The Economic Times reports that the haircuts taken by creditors in
Indian bankruptcy resolutions have increased to 73 percent in FY24
from the 64 percent in FY23, a report said on May 17.  A total of
269 resolution plans were approved by the National Company Law
Tribunals (NCLTs) in FY24, up from 189 in the year-ago period, the
report by domestic rating agency Icra said.

ET relates that the new admissions declined to 987 in FY24 from the
1,263 in FY23, the agency said, attributing the same to a higher
base in the previous fiscal because of the Covid-19
pandemic-related stress.

It can be noted that the haircuts, or sacrifices, in comparison to
the total dues, which are done by lenders when it comes to
corporate insolvency resolutions has led to some concerns in the
past about the value at which a new bidder is getting the assets.

Its group head for structured finance ratings, Abhishek Dafria said
there has been a "worsening" of the haircuts which are taken by the
creditors through the Insolvency and Bankruptcy Code (IBC) process
to a steep 73 percent as against 64 percent in FY23, which was
already high, according to ET.

He said that the average time taken for a resolution has increased
to 843 days in FY24, up from 831 days in 831 days because of the
litigations, and called it out as among the reasons why the
haircuts have also gone up, ET relays. It can be noted that the
bankruptcy law envisaged a resolution to take 330 days.

The agency feels the average recoveries for lenders will continue
to be in the 30-35 per cent range in FY25.

According to ET, Dafria said the increase in the number of CIRPs
(corporate insolvency resolution process) to 269 has been
heartening, and added that an entity continues as a going concern
through this.

The decline in fresh additions has helped to bring down the ongoing
CIRPs at NCLTs to 1,920 as on March 31, 2024, from 1,953 a year
ago.

In addition to the CIRPs, the NCLT also passed liquidation orders
for 446 corporate debtors in FY24 against 400 corporate debtors in
FY23. The number of CIRPs that have resulted in liquidation
continues to be significantly high, at 45 per cent of the 5,467
closed CIRPs, since the inception of IBC, it said.

Only 17 per cent yielded a resolution plan with the remaining cases
withdrawn post NCLT admission, the agency said, adding that
liquidation for 960 corporate debtors had been completed by March
2024 wherein the creditors realised a paltry 4 per cent of their
total admitted claims, ET relays.

"More than 75 per cent of the CIRPs that entered into liquidation
had been defunct entities or were already under the Board of
Industrial and Financial Reconstruction (BIFR) at time of admission
under the IBC," he said.


JKM VENTURES: CRISIL Reaffirms B+ Rating on INR5cr Cash Loan
------------------------------------------------------------
CRISIL Ratings has reaffirmed its 'CRISIL B+/Stable' rating on the
long-term bank facilities of JKM Ventures Private Limited (JVPL).

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            5         CRISIL B+/Stable (Reaffirmed)

   Proposed Working
   Capital Facility       1.47      CRISIL B+/Stable (Reaffirmed)

   Term Loan              3.43      CRISIL B+/Stable (Reaffirmed)

   Term Loan              1.26      CRISIL B+/Stable (Reaffirmed)

   Term Loan              1.24      CRISIL B+/Stable (Reaffirmed)

   Term Loan              1.60      CRISIL B+/Stable (Reaffirmed)


The rating continues to reflect the company's exposure to intense
competition in the packaging industry, susceptibility to volatility
in raw material prices and modest scale of operations. These
weaknesses are partially offset by the extensive industry
experience of the promoters and the company's moderate financial
risk profile.

Analytical Approach

Unsecured loan, estimated at INR3.86 crore as on March 31, 2024, is
treated as neither debt nor equity as it is subordinate to external
debt and is expected to be retained in the business over the medium
term.

Key Rating Drivers & Detailed Description

Weaknesses:

* Exposure to intense competition and susceptibility to volatility
in raw material prices: Polypropylene granules comprise the key raw
material, accounting for a bulk of the production cost. Hence, even
a slight variation in their price can drastically impact the
profitability of JVPL. Moreover, intense competition continues to
constrain scalability, pricing power and profitability.

* Modest scale of operations: Revenue remains modest, estimated at
INR20 crore for fiscal 2024, down ~30% on-year due to disruption in
operations because of capital expenditure (capex) to set up
capacity for capacitor film. The launch of this value-added product
in fiscal 2024 should help increase revenue over the medium term,
which will be a key rating sensitivity factor.

Strengths:

* Extensive experience of the promoters: The promoters have
experience of over two decades in the packaging industry. This has
given them an understanding of market dynamics and helped establish
relationships with suppliers and customers. New product launch and
the management's industry expertise will support the business risk
profile over the medium term.

* Moderate financial risk profile: Capital structure was moderate,
reflected in estimated networth of INR5 crore and gearing and total
outside liabilities to tangible networth ratio of 2 times and 1.4
times, respectively, as on March 31, 2024. Interest coverage and
net cash accrual to adjusted debt ratios were adequate, estimated
around 3 times and 0.2 time, respectively, for fiscal 2024. While
the company does not plan any large, debt-funded capex, sustained
increase in scale of operations and profitability is crucial for
improvement in the financial risk profile.

Liquidity: Stretched

Bank limit utilisation averaged 60% during the 12 months through
January 2024. Expected cash accrual of INR2.5-3.0 crore per annum
will barely cover debt obligation of INR1.2-2.7 crore over the
medium term, which will necessitate continued funding support from
the promoters for operations. The company had free cash and bank
balance and estimated current ratio of around INR0.25 crore and 1.2
time, respectively, on March 31, 2024.

Outlook: Stable

CRISIL Ratings believes JVPL will continue to benefit from the
extensive experience of its promoters and established relationships
with clients.

Rating Sensitivity Factors

Upward factors:

* Increase in revenue leading to net cash accrual more than INR3
crore
* Improvement in the working capital cycle

Downward factors:

* Decline in revenue or profitability leading to net cash accrual
to repayment obligation ratio consistently below 1 time
* Increase in working capital requirement or delay in funding
support from the promoters weakening financial flexibility

Incorporated in 2017, JVPL manufactures commercial grade and
specialty/capacitor grade biaxially oriented polypropylene (BOPP)
films such as stretch films and cling wrap films. Its manufacturing
facility is in Pithampur, Madhya Pradesh. The company is owned and
managed by Mr. Kamal Kant Vashistha, Ms Madhu Kant Vashistha, Ms
Rita Vashistha and Ms Shradha Vashistha.


KALPATARU VANIJYA: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Kalpataru Vanijya Pvt Ltd

        Registered Address:
        100A, Kavi Sukanto Sarani
        Koley Biscuit Compound, 1st Floor
        Kolkata, West Bengal 700085
       
Insolvency Commencement Date: April 24, 2024

Court: National Company Law Tribunal, Chennai Bench

Estimated date of closure of
insolvency resolution process: October 21, 2024

Insolvency professional: Renuka Devi Rangaswamy

Interim Resolution
Professional: Renuka Devi Rangaswamy
              Arthi Illam, #9, Jothi Nagar, 3rd Street
              Uppili palayam (Post)
              Coimbatore 641015
              Email: jrassociatescbe@gmail.com
              Email: aryaa.cirp@gmail.com

Last date for
submission of claims: May 9, 2024


KATARIA CARRIERS: CRISIL Keeps B Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kataria
Carriers (KC) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              2          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan              7.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KC for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KC is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of KC
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

KC was set up as a partnership firm by Mr. Mahendra Kataria and his
brother, Mr. Manish Kataria. The Kanpur, Uttar Pradesh-based firm
is engaged in the road transportation business.

KHUSHI EXIM: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Khushi Exim
Private Limited (KEPL) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             14        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KEPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KEPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KEPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KEPL continues to be 'CRISIL D Issuer Not Cooperating'.

KEPL was established in 2003 by Mr. Hiralal Jalan and his son, Mr.
Vikash Jalan, in Kolkata. The company is in wholesaling and
retailing of gold jewellery, silver articles, and diamond- and
kundan-studded jewellery. It sells to retail showrooms in Raipur
(Chhattisgarh), Nagpur (Maharashtra), Indore (Madhya Pradesh),
Jamshedpur (Jharkhand), Ranchi (Jharkhand), and a few other
locations.


KISSAN INDUSTRIES: CRISIL Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Kissan
Industries (KI; part of the Kissan group) continues to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           7.28        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KI for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KI is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of KI
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

For arriving at the rating, CRISIL Ratings has combined the
business and financial risk profiles of KI and Kissan Solvex Pvt
Ltd (KSPL). This is because the two entities, together referred to
as the Kissan group, have common promoters and management, and
considerable operational and business linkages with each other.

The Kissan group, promoted by Mr. Indrajeet Singh of Jalalabad
(Punjab), manufactures rice, rice bran oil, and de-oiled cakes.

KI was set up in 1996 as a partnership firm by Mr. Singh and his
mother, Mrs. Manjeet Kaur. It had been earlier operating under the
name Kissan Rice Mill from 1975. The firm processes rice from
paddy. Its facility in Jalalabad has an installed milling capacity
of 2 tonne per hour. The firm processes 1121 variety of basmati
rice, which the bulk of revenue. It also processes non-basmati
rice.


KOPPAL SOLAR: CRISIL Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Koppal Solar
Power Projects Private Limited (KSPP) continues to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               10        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KSPP for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KSPP, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KSPP
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KSPP continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in June 2016, KSPP is based in Koppal, Karnataka. The
company is in the process of setting up a 2-megawatt solar
photovoltaic power plant at Sultanpura village, Koppal district.
The project is expected to be commissioned by January 2017. The
company has entered into a 25-year PPA with GESCOM at a price of
INR8.4 per unit.

KUMAR AGRO: CRISIL Keeps B Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kumar Agro
Tech Private Limited (KAT; erstwhile Kumar Agro Com) continue to be
'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             9         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term      0.5       CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with KAT for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KAT, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KAT
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KAT continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

To arrive at the rating CRISIL Ratings has combined the business
and financial risk profile of KAT and Kumar Agro Refinery Pvt Ltd
(KARPL), together referred to as the Kumar Agro Group. This is
because the two entities have common management and significant
financial fungibilities.

Kumar Agro group is based in Chennai (Tamilnadu) and established in
1990. It is engaged in processing, packaging and trading in edible
oil such as palm oil and sunflower oil.

KARPL was set up in October 2019 by Mr.B. Vijayakumar. It is
setting up a manufacturing unit at Alapakkam Village, for
processing of refined sunflower oil.

KATPL was established in 1990 as proprietorship firm named as Kumar
Agro Com (KAC) by Mr. B Vijaya Kumar (later in October 2019 got
converted into a private limited company with current name). It is
engaged in processing, packaging and trading in edible oil,
primarily palm oil and sunflower oil under the brand name CLEVER
and SUNRIGHT.  Its manufacturing facility located in Chennai-
Tamilnadu.


MAHAPRABHU HIMGHAR: CRISIL Withdraws B Rating on INR3.0cr Loan
--------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the long term bank
facilities of Mahaprabhu Himghar Private Limited (MHPL) on the
request of the company and receipt of a no objection certificate
from its bank. The rating action is in line with CRISIL Ratings'
policy on withdrawal of its ratings on bank loans.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           0.5         CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Term Loan             1.5         CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Working Capital       3.0         CRISIL B/Stable/Issuer Not
   Demand Loan                       Cooperating (Withdrawn)

CRISIL Ratings has been consistently following up with MHPL for
obtaining information through letters and emails dated December 12,
2023, among others, apart from telephonic communication. However,
the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MHPL. This restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BBPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the rating on bank facilities of
MHPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

MHPL, incorporated in 2013, provides cold storage facilities to
potato farmers and traders and also trades in potatoes. The cold
storage unit in Burdwan (West Bengal) has installed capacity of
333333 bags per annum. Burdwan-based Jayabrata Pal, Mr. Abhijit
Manna and family are the promoters.


NARBHERAM AGENCIES: CRISIL Keeps B Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Narbheram
Agencies Private Limited (NAPL; part of the Enar group) continue to
be 'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            3          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Channel Financing      2.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     4.5        CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with NAPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of NAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on NAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
NAPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

For arriving at the rating, CRISIL Ratings has combined the
business and financial risk profiles of NAPL and Enar Industrial
Enterprises Limited (EIEL). That's because the two companies,
together referred to as the Enar group, are under a common
management with business linkages and need-based fungible cash
flows.

Incorporated in 1978, EIEL is an authorised dealer of the CVs of
TML in Jharkhand. The company has 7 showrooms across Jharkhand,
including two showrooms with 3S (sales, service, and spares)
facility.

Incorporated in 1997, NAPL is an authorised dealer of the
two-wheelers of Hero MotoCorp in Jamshedpur, and of the consumer
durables of Blue Star and other companies. The company has 3
showrooms across Jamshedpur, including two showrooms with 3S
facility.


NIBULA PRINT: Liquidation Process Case Summary
----------------------------------------------
Debtor: Nibula Print and Pack Pvt. Ltd
        C-203 Prasant Vihar
        New Delhi 110065

Liquidation Commencement Date: April 22, 2024

Court: National Company Law Tribunal, New Delhi Bench

Liquidator: Shiv Nandan Sharma
            129, Ground Floor Navjeevan Vihar
            Near Aurobindo College
            New Delhi 110017
            Email: sharmasn@gmail.com
            Email: nibula.liquidation@gmail.com

Last date for
submission of claims: May 31, 2024


NSR BUILDCON: CRISIL Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of NSR Buildcon
Limited (NSR; previously known as Lumbini Constructions Limited)
continues to be 'CRISIL B-/Stable Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Overdraft Facility       20       CRISIL B-/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with NSR for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of NSR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on NSR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
NSR continues to be 'CRISIL B-/Stable Issuer Not Cooperating'.

Set up in 1987 as a partnership firm, LCL (formerly, Lumbini
Constructions) was reconstituted as a closely-held public limited
company in 2001.  The company is engaged in developing residential
and commercial projects.


PATANJALI FOODS: To Divest Stake in Ruchi Ethiopia Holdings
-----------------------------------------------------------
CNBCTV18.com reports that Patanjali Foods Ltd, formerly known as
Ruchi Soya Industries Ltd, on May 16 said it is divesting its stake
in Ruchi Ethiopia Holdings Ltd. This decision comes as part of the
resolution plan approved by the Mumbai bench of the National
Company Law Tribunal (NCLT) under Section 31 of the Insolvency and
Bankruptcy Code, 2016.

The board of directors of Patanjali Foods, in a meeting held on
March 27, 2020, resolved to dispose of its investments in its
subsidiaries in favour of Sanatan Multi Skill Development and
Education Private, identified as the buyer, CNBCTV18.com recalls.
Sanatan will hold these shares for beneficial liquidation.

Ruchi Ethiopia Holdings had reported nil revenue and a net worth of
$5,67,179 as of March 31, 2019, CNBCTV18.com discloses. Following
an evaluation based on audited accounts, the fair market value of
the shares was determined to be $5,66,864. Considering the negative
fair market value, the board of directors approved a sale
consideration of $1, with the company receiving the equivalent INR
value.

According to CNBCTV18.com, the share purchase agreement for the
disposal of 28,543 ordinary shares of 1000 AED (UAE dirhams) each
was executed on March 27, 2020. The expected completion of the
sale/disposal was on May 15, 2024, following the approval of the
amendment in the memorandum and articles of association of the
subsidiary by the Jebel Ali Free Zone Authority (JAFZA) with effect
from January 11, 2024.

Notably, the buyer, Sanatan Multi Skill Development and Education
Private, is not affiliated with the promoters, promoter group, or
group companies of Patanjali Foods.

                          About Ruchi Soya

Indore-based Ruchi Soya Industries has manufacturing plants and its
leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and
Ruchi Gold.

The company entered into the corporate insolvency resolution
process in December 2017 and Shailendra Ajmera of EY was appointed
as the resolution professional.

Ruchi Soya is part of the second list of 28 defaulters the Reserve
Bank of India flagged for resolution.  On December 2, the NCLT
bench admitted the company for insolvency resolution process under
the IBC.  The company owes more than INR12,000 crore to various
entities.

POLO HOTELS: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: Polo Hotels Limited

        Registered Address:
        Hotel North, Park,
        Village Chowki,
        Near Ghaggar Bridge,
        Sector-32, Panchkula,
        Haryana 134109
        
Insolvency Commencement Date: May 1, 2024

Court: National Company Law Tribunal, Chandigarh Bench

Estimated date of closure of
insolvency resolution process: October 27, 2024

Insolvency professional: Hemanshu Jetley

Interim Resolution
Professional: Hemanshu Jetley
              SCO-818, 1st Floor
              above Yes Bank
              NAC Manimajra
              Chandigarh,160101
              Email: hejetley@gmail.com
              Email: polohotels.cirp@gmail.com
              Mobile: +91- 98759-21492

Last date for
submission of claims: May 15, 2024


RADHEY RADHEY: CRISIL Withdraws B Rating on INR13cr Cash Loan
-------------------------------------------------------------
CRISIL Ratings has withdrawn its ratings on the bank facilities of
Shree Radhey Radhey Ispat Private Limited (SRRIPL) on the request
of the company and receipt of a no objection certificate from its
bank. The rating action is in line with CRISIL Ratings' policy on
withdrawal of its ratings on bank loans.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            9.8        CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Cash Credit           13          CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Long Term Loan        11.5        CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Proposed Long Term     0.7        CRISIL B/Stable/Issuer Not
   Bank Loan Facility                Cooperating (Withdrawn)

CRISIL Ratings has been consistently following up with SRRIPL for
obtaining information through letters and emails dated February 15,
2024, among others, apart from telephonic communication. However,
the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SRRIPL. This restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
SRRIPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the rating on bank
facilities of SRRIPL continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

The Shree Radhey Radhey group is owned and managed by Mr. N K Jain
and his son Mr. Naveen Jain.

In 2008, the group acquired SRRIPL, which was established in 2002.
The company manufactures thermosmechanically treated (TMT) bars
under the Kamdhenu brand.

KCPL (established in 1994) and SCL (1990), manufacture ingots and
trade in various products such as iron ore, steel scrap,
machinery-related products, pre-fabricated buildings, and cloth.


RAMPRASAD SKYSCRAPERS: CRISIL Keeps B+ Rating in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Sri Ramprasad
Skyscrapers Private Limited (SRSPL) continues to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               20        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SRSPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SRSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SRSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SRSPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2006, SRSPL owns a multiplex in Bhimavaram (Andhra
Pradesh). The multiplex comprises a G+3 structure and a standalone
complex at the entrance.


S.K. MEDICAL: CRISIL Keeps B Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of S.K. Medical
Foundation Private Limited (SKMFPL) continues to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               10        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SKMFPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SKMFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
SKMFPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of SKMFPL continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

Based in Erode, Tamil Nadu, and promoted by Dr. S Karupannan and
his family members, SKMFPL runs a 100-bed multi-speciality
hospital. The hospital commenced operations in November 2014.


SAI EXPORT: CRISIL Moves B- Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of Sai
Export Enterprises (SEE) to 'CRISIL B-/Stable Issuer not
cooperating'.

                       Amount
   Facilities       (INR Crore)    Ratings
   ----------       -----------    -------
   Export Packing        35        CRISIL B-/Stable (ISSUER NOT
   Credit                          COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with SEE for
obtaining information through letter and email dated April 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SEE, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SEE
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of SEE to 'CRISIL B-/Stable Issuer not
cooperating'.

Founded as a partnership firm by Mr. Mohan Chandra Nair and Ms K R
Ushasree in Kerala in 1995, SEE processes and exports cashew
kernels.


SAISREE ENGINEERS: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Saisree
Engineers Private Limited (SSEPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         5          CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            5          CRISIL D (Issuer Not
                                     Cooperating)

   Long Term Loan         5          CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SSEPL for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSEPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSEPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSEPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Incorporated in 2010, Hyderabad-based SSEPL undertakes coal mining
works (digging and dumping) and civil construction works. The
company is promoted by Mr. Suryanarayana Raju and his family.


SOLAR SEMICONDUCTOR: Liquidation Process Case Summary
-----------------------------------------------------
Debtor: Solar Semiconductor Energy Systems (India) Private Limited
        Survey No. 183 Part, CF Area, Phase III
        Industrial Development Park
        Ghatkeasr Mandal
        APIIC-IALA Cherapally Municipality
        Rangareddy District, Telangana, 500051

Liquidation Commencement Date: April 26, 2024

Court: National Company Law Tribunal, Hyderabad Bench

Liquidator: Murali Prasad Nalam
            Villa 67, Road No 3
            Dollar Meadows
            Near DRK College of Engineering
            Bowrampet, Hyderabad, 500043
            Email: murali.advice@gmail.com

Last date for
submission of claims: May 26, 2024


SUNFLOWER EDUCATIONAL: CRISIL Keeps D Rating in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Sri Sunflower
Educational Society (SSES) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan          12        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SSES for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSES, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSES
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSES continues to be 'CRISIL D Issuer Not Cooperating'.

SSES was set up in 2003 by Mr. M D V S R Punnam Raju and his family
members. It operates an engineering college in Krishna (Andhra
Pradesh).


TRANSPORTWALE 5D: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Transportwale 5D Technologies LLP

        Registered Address:
        Ground Floor, No. 17
        Shyamalavadhana Street
        West Mambalam
        Chennai - 600033
        
Insolvency Commencement Date: April 26, 2024

Court: National Company Law Tribunal, Chennai Bench

Estimated date of closure of
insolvency resolution process: October 23, 2024

Insolvency professional: Sudhir GS

Interim Resolution
Professional: Sudhir GS
              11, Subham, Jayalakshmi Street
              Keelkattalai, Chennai 600117
              Email: sudhircaip@gmail.com

              -- and --

              71/1, 2nd Floor, Hari Krupa
              Mc Nicholas Road
              off Poonamallee Road
              Chetpet, Chennai 600031
              Email: cirp.ttl5d@gmail.com

Last date for
submission of claims: May 15, 2024


VIJAYA SARADA: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vijaya Sarada
Delint Seed Mills (VSDM) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            6.5        CRISIL D (Issuer Not
                                     Cooperating)

   Long Term Loan         2.0        CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     1.5        CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with VSDM for
obtaining information through letter and email dated April 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VSDM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VSDM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VSDM continues to be 'CRISIL D Issuer Not Cooperating'.

VSDM is a proprietorship concern set up in 2007 by K. Subhash
Chandra Bose in 2007. The firm processes cotton seeds into de-oiled
cakes, cotton-seed oil, and hull and cotton lint, which contribute
55, 30, and 15 percent, respectively, to the firm's revenue. The
manufacturing unit is in Guntur District, Andhra Pradesh.


VYVA APPARELS: Liquidation Process Case Summary
-----------------------------------------------
Debtor: Vyva Apparels (India) Private Limited
        A-2, Yogi Smruti
        1st Floor, Park Road
        Vileparle (East)
        Mumbai 400057

Liquidation Commencement Date: May 1, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Bharati Manoj Daga
            94B, Palash Tower
            Veera Desai Road
            Andheri west, Mumbai 400053
            Email: bharteedaga1008@gmail.com
            Email: liquid.vavya@gmail.com

Last date for
submission of claims: May 31, 2024




=========
J A P A N
=========

UNIVERSAL ENTERTAINMENT: S&P Keeps 'CCC+' LT ICR on Watch Positive
------------------------------------------------------------------
S&P Global Ratings kept its 'CCC+' long-term issuer credit and
senior guaranteed unsecured debt ratings on Japan-based gaming
machine and casino company Universal Entertainment Corp. (UE) on
CreditWatch with positive implications.

S&P said, "Our decision to maintain the CreditWatch with positive
implications comes despite slower loan negotiations with Philippine
financial institutions than we expected following a November 2023
ruling of the Supreme Court of the Philippines that lifted a status
quo ante order against the company's casino resort operating
subsidiary. It also reflects our view that UE is more likely than
previously to be able to refinance $760 million (about JPY120
billion) in U.S. dollar bonds due in December 2024. This is because
we see reduced litigation risks and a significant improvement in
the company's performance. On Nov. 27, 2023, the company said it
would resume loan negotiations with Philippine financial
institutions that it suspended when the court order was issued and
it would proceed with refinancing the bonds.

"We believe refinancing of the bonds, accounting for more than 90%
of UE's total reported debt, with long-term stable funding would
significantly ease liquidity pressures that have undermined our
credit ratings on the company. We expect EBITDA to remain firm at
JPY40 billion-JPY50 billion for the next one to two years,
supported by a full-fledged recovery from the COVID-19 pandemic in
the company's domestic pachinko and pachislot (gaming) machine
business and its casino resort business in the Philippines. As a
result, we expect UE's debt-to-EBITDA ratio, a key financial
indicator, to remain about 4x over the next one to two years. It
was 3.7x in fiscal 2023 (ended Dec. 31, 2023). Debt to EBITDA
remained high at over 10x from fiscal 2020 to fiscal 2021. We do
not factor into our base-case scenario UE's potential investment
announced in December 2023 in a second casino in the Philippines,
after its flagship Okada Manila complex. We aim to resolve the
CreditWatch placement within 90 days after examining factors such
as progress in negotiations between the company and financial
institutions in the Philippines to refinance U.S. dollar bonds; its
ability to generate cash flow; its liquidity outlook; and its
governance structure, including the risk of disputes with its
founder."




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

BLUESTONE CARS: Creditors' Proofs of Debt Due on June 12
--------------------------------------------------------
Creditors of Bluestone Cars Limited are required to file their
proofs of debt by June 12, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on May 13, 2024.

The company's liquidator is:

          Victoria Toon
          Corporate Restructuring Limited, Chartered Accountants
          PO Box 10100
          Dominion Road
          Auckland 1446


COLORADO INTRINSICS: Creditors' Proofs of Debt Due on June 10
-------------------------------------------------------------
Creditors of Colorado Intrinsics No.2 Limited, Colorado Intrinsics
No.3 Limited and Colorado Intrinsics No.5 Limited are required to
file their proofs of debt by June 10, 2024, to be included in the
company's dividend distribution.

The High Court at Auckland appointed Kristal Pihama and Leon
Francis Bowker of KPMG as liquidators on May 10, 2024.


CONBRIO PRINT: Court to Hear Wind-Up Petition on June 21
--------------------------------------------------------
A petition to wind up the operations of Conbrio Print Limited will
be heard before the High Court at Auckland on June 21, 2024, at
10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on April 20, 2024.

The Petitioner's solicitor is:

          Cloete Van Der Merwe
          Inland Revenue, Legal Services
          5 Osterley Way
          Manukau City
          Auckland 2104


MICHAEL KERR: Court to Hear Wind-Up Petition on May 28
------------------------------------------------------
A petition to wind up the operations of Michael Kerr Construction
Limited will be heard before the High Court at Wellington on May
28, 2024, at 10:00 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on March 26, 2024.

The Petitioner's solicitor is:
          
          Claudia Elizabeth Mazuecos
          Legal Services, Asteron Centre
          55 Featherston Street
          PO Box 895
          Wellington


STATION ONE: Creditors' Proofs of Debt Due on June 28
-----------------------------------------------------
Creditors of Station One Cafe Limited are required to file their
proofs of debt by June 28, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on May 15, 2024.

The company's liquidators are:

          Lynda Smart
          Derek Ah Sam
          Rodgers Reidy
          PO Box 39090
          Harewood
          Christchurch 8545




=====================
P H I L I P P I N E S
=====================

PHOENIX PETROLEUM: PSE Suspends Trading of Company's Share
----------------------------------------------------------
Bilyonaryo.com reports that businessman Dennis Uy suffered another
setback after trading in two of his listed companies, Phoenix
Petroleum Corp. and Chelsea Logistics and Infrastructure Holdings
Corp., was suspended by the Philippine Stock Exchange (PSE) for
breaching listing and disclosure rules.

In a public notice, the PSE announced halting the trading of shares
in both companies effective May 17 due to their failure to file
annual financial statements for 2023 by the extended deadline,
Bilyonaryo.com relates. Phoenix and Chelsea were last traded on May
16 at PHP4.17 and PHP1.30 per share, respectively.

Bilyonaryo.com says financial reports provide investors with
crucial information on a company's financial health and future
direction, aiding in informed investment decisions.

According to Bilyonaryo.com, Chelsea has been struggling to comply
with the PSE's reporting obligations for financial reports. The
company postponed its annual shareholders meeting from April 29 to
June 5, pending completion of its financial statement audit.

                      About Phoenix Petroleum

Phoenix Petroleum Philippines, Inc. is engaged in the marketing and
distribution of petroleum products on a wholesale and retail basis
as well as the operation of gas stations, oil depots, storage
facilities and allied services.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
30, 2023, Dennis Uy's financial troubles have deepened as Phoenix
Petroleum's (PNX) navigates an extraordinary surge in losses.

PNX reported losses of PHP2.061 billon in the first half this year,
1,617 percent more than its PHP121 million loss in 2022,
Bilyonaryo.com disclosed.

While Uy-led management previously blamed PNX's PHP3.2 billion loss
last year to the spiraling cost of crude oil, the prevailing
scenario has seen the average price of Dubai crude (benchmark of
Asian refineries) dwindling by a quarter to $77.37 per barrel.

According to Bilyonaryo.com, PNX's setback came primarily from its
ballooning financial expenses which hit PHP1.9 billion this year,
43 percent more than the PHP1.3 billion last year.




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

GEOCON PILING: Creditors' Meeting Set for May 24
------------------------------------------------
Geocon Piling and Engineering Pte Ltd will hold a meeting for its
creditors on May 24, 2024, at 10:00 a.m. at 6 Shenton Way, OUE
Downtown 2 #33-00, in Singapore.

Agenda of the meeting includes:

   a. to update on the liquidation administration;

   b. to approve the Liquidator's application to Court for release

      and discharge;

   c. to approve the Liquidator's proposed utilization of
      Company's remaining funds as detailed in Section 9 of the
      Liquidator's final report dated May 17, 2024; and

   d. Any other matters.


GEOGRAPHE ENERGY: Creditors' Proofs of Debt Due on June 17
----------------------------------------------------------
Creditors of Geographe Energy Singapore Pte. Ltd. are required to
file their proofs of debt by June 17, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on May 13, 2024.

The company's liquidator is:

          Tan Khoon Guan
          c/o Precursor Assurance LLP
          60 Albert Street
          #14-04 OG Albert Complex
          Singapore 189969


LISA GLOBAL: Court Enters Wind-Up Order
---------------------------------------
The High Court of Singapore entered an order on May 10, 2024, to
wind up the operations of Lisa Global Pte. Ltd.

United Overseas Bank Limited filed the petition against the
company.

The company's liquidator is:

          Mr. Gary Loh Weng Fatt
          c/o BDO Advisory  
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


LUCKY GARDEN: Court Enters Wind-Up Order
----------------------------------------
The High Court of Singapore entered an order on May 10, 2024, to
wind up the operations of Lucky Garden Botaniculture (Private)
Limited.

United Overseas Bank Limited filed the petition against the
company.

The company's liquidator is:

          Mr. Gary Loh Weng Fatt
          c/o BDO Advisory  
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


YANG KEE: Creditors' Meeting Set for June 7
-------------------------------------------
Yang Kee Logistics (Hunan) Pte Ltd will hold a meeting for its
creditors on June 7, 2024, at 4:00 p.m. via electronic means.

Agenda of the meeting includes:

   a. to receive a statement of the Company's affairs together
      with a list of creditors and the estimated amounts of their
      claims;

   b. to appoint Liquidators;

   c. to appoint a Committee of Inspection if deemed necessary;
      and

   d. Any other business.

Cosimo Borrelli and Jason Aleksander Kardachi of Kroll Pte. Limited
were appointed as joint and several provisional liquidators of the
Company on May 14, 2024.




===============
X X X X X X X X
===============

[*] BOND PRICING: For the Week May 13, 2024 to May 17, 2024
-----------------------------------------------------------
Issuer                Coupon     Maturity    Currency    Price
------                ------     --------    --------    -----

   AUSTRALIA
   ---------

ACN 113 874 712 PTY     13.25     02/15/18      USD        0.20
ACN 113 874 712 PTY     13.25     02/15/18      USD        0.20
MOSAIC BRANDS LTD        8.00     09/30/24      AUD        0.91
VIRGIN AUSTRALIA HO      8.13     11/15/24      USD        0.25
VIRGIN AUSTRALIA HO      8.13     11/15/24      USD        0.25
VIRGIN AUSTRALIA HO      7.88     10/15/21      USD        0.23
VIRGIN AUSTRALIA HO      7.88     10/15/21      USD        0.23
VIRGIN AUSTRALIA HO      8.08     03/05/24      AUD        0.20
VIRGIN AUSTRALIA HO      8.25     05/30/23      AUD        0.20
VIRGIN AUSTRALIA HO      8.00     11/26/24      AUD        0.15


   CHINA
   -----

AKESU TEXTILE CITY       7.50     06/21/24      CNY       20.11
AKESU TEXTILE CITY       7.50     06/21/24      CNY       20.11
ALETAI CITY JUJIN U      7.73     10/26/24      CNY       25.58
ANHUI PINGTIANHU IN      7.50     08/13/26      CNY       62.92
ANHUI PINGTIANHU IN      7.50     08/13/26      CNY       60.00
ANLU CONSTRUCTION D      7.80     11/28/26      CNY       64.55
ANLU CONSTRUCTION D      7.80     11/28/26      CNY       60.00
ANNING DEVELOPMENT       8.00     12/04/25      CNY       42.16
ANNING DEVELOPMENT       8.80     09/11/25      CNY       41.97
ANNING DEVELOPMENT       8.80     09/11/25      CNY       41.00
ANNING DEVELOPMENT       8.00     12/04/25      CNY       40.00
ANSHANG WANGTONG CO      7.50     05/06/26      CNY       42.61
ANSHANG WANGTONG CO      7.50     05/06/26      CNY       41.50
ANSHUN CITY XIXIU I      8.00     01/29/26      CNY       42.52
ANSHUN CITY XIXIU I      7.90     11/15/25      CNY       42.06
ANSHUN CITY XIXIU I      8.00     01/29/26      CNY       41.40
ANSHUN TRANSPORTATI      7.50     10/31/24      CNY       20.46
ANSHUN TRANSPORTATI      7.50     10/31/24      CNY       20.32
ANYUE XINGAN CITY D      7.50     05/06/26      CNY       42.23
ANYUE XINGAN CITY D      7.50     05/06/26      CNY       42.00
ANYUE XINGAN CITY D      7.50     01/30/25      CNY       20.68
ANYUE XINGAN CITY D      7.50     01/30/25      CNY       20.67
BIJIE CITY ANFANG C      7.80     01/18/26      CNY       42.17
BIJIE CITY ANFANG C      7.80     01/18/26      CNY       41.28
BIJIE QIXINGGUAN DI      8.05     08/16/25      CNY       40.90
BIJIE QIXINGGUAN DI      7.60     09/08/24      CNY       20.32
BIJIE TIANHE URBAN       8.05     12/03/25      CNY       42.17
BIJIE TIANHE URBAN       8.05     12/03/25      CNY       41.62
BIJIE XINTAI INVEST      7.80     11/01/24      CNY       20.34
BIJIE XINTAI INVEST      7.80     11/01/24      CNY       20.32
CAOXIAN SHANG DU IN      7.80     10/28/26      CNY       64.33
CAOXIAN SHANG DU IN      7.80     10/28/26      CNY       64.26
CHANGDE DEYUAN INVE      7.70     06/11/25      CNY       41.18
CHANGDE DEYUAN INVE      7.70     06/11/25      CNY       41.17
CHANGDE DINGCHENG J      7.58     10/19/25      CNY       41.74
CHANGDE DINGCHENG J      7.58     10/19/25      CNY       41.73
CHENGDU GARDEN WATE      8.00     06/13/25      CNY       41.04
CHENGDU GARDEN WATE      8.00     06/13/25      CNY       40.00
CHENGDU GARDEN WATE      7.50     09/11/24      CNY       20.31
CHENGDU GARDEN WATE      7.50     09/11/24      CNY       20.29
CHINA SOUTH CITY HO      9.00     10/09/24      USD       29.00
CHINA SOUTH CITY HO      9.00     04/12/24      USD       20.00
CHINA SOUTH CITY HO      9.00     12/11/24      USD       19.36
CHINA SOUTH CITY HO      9.00     06/26/24      USD       19.05
CHISHUI CITY CONSTR      8.50     01/18/26      CNY       42.00
CHISHUI CITY CONSTR      8.50     01/18/26      CNY       41.71
CHONGQING HONGYE IN      7.50     12/24/26      CNY       64.27
CHONGQING JIANGLAI       7.50     10/26/25      CNY       41.85
CHONGQING JIANGLAI       7.50     10/26/25      CNY       40.00
CHONGQING NANCHUAN       7.80     08/06/26      CNY       62.96
CHONGQING SHUANGFU       7.50     09/09/26      CNY       63.37
CHONGQING THREE GOR      7.80     03/01/26      CNY       42.63
CHONGQING THREE GOR      7.80     03/01/26      CNY       40.00
CHONGQING TONGRUI A      7.50     09/18/26      CNY       63.57
CHONGQING TONGRUI A      7.50     09/18/26      CNY       60.00
CHONGQING WANSHENG       7.50     03/27/25      CNY       20.78
CHONGQING WANSHENG       7.50     03/27/25      CNY       20.73
CHONGQING YUDIAN ST      8.00     11/30/25      CNY       42.20
CHUYING AGRO-PASTOR      8.80     06/26/19      CNY       19.40
DALI URBAN DEVELOPM      8.00     12/25/25      CNY       42.22
DALI URBAN DEVELOPM      8.00     12/25/25      CNY       41.40
DASHIQIAO URBAN CON      7.59     08/14/24      CNY       20.26
DASHIQIAO URBAN CON      7.59     08/14/24      CNY       20.26
DAWA COUNTY CITY CO      7.80     01/30/26      CNY       42.40
DAWA COUNTY CITY CO      7.80     01/30/26      CNY       38.80
DAWU COUNTY URBAN C      7.50     09/20/26      CNY       63.61
DAWU COUNTY URBAN C      7.50     09/20/26      CNY       60.00
DING NAN CITY CONST      7.80     04/08/26      CNY       42.65
DING NAN CITY CONST      7.80     04/08/26      CNY       40.00
DUJIANGYAN NEW CITY      7.80     10/11/25      CNY       41.90
DUJIANGYAN NEW CITY      7.80     05/02/25      CNY       21.01
DUJIANGYAN NEW CITY      7.80     05/02/25      CNY       20.00
DUJIANGYAN XINGYAN       7.50     11/01/26      CNY       63.96
FANGCHENG GANGSHI W      7.93     12/25/25      CNY       42.44
FANGCHENG GANGSHI W      7.95     10/11/25      CNY       41.85
FANGCHENG GANGSHI W      7.93     12/25/25      CNY       40.00
FANGCHENG GANGSHI W      7.95     10/11/25      CNY       40.00
FANTASIA GROUP CHIN      7.50     12/17/23      CNY       73.70
FANTASIA GROUP CHIN      7.80     06/30/28      CNY       44.53
FUJIAN FUSHENG GROU      7.90     12/17/21      CNY       70.99
FUJIAN FUSHENG GROU      7.90     11/19/21      CNY       60.00
FUZHOU LINCHUAN URB      8.00     02/26/26      CNY       42.59
GANZHOU NANKANG DIS      8.00     01/23/26      CNY       42.37
GANZHOU NANKANG DIS      8.00     10/29/25      CNY       41.91
GANZHOU NANKANG DIS      8.00     09/27/25      CNY       41.51
GANZHOU NANKANG DIS      8.00     01/23/26      CNY       40.00
GANZHOU NANKANG DIS      8.00     10/29/25      CNY       40.00
GANZHOU NANKANG DIS      8.00     09/27/25      CNY       40.00
GANZHOU ZHANGGONG C      7.80     10/16/25      CNY       42.68
GANZHOU ZHANGGONG C      7.80     10/16/25      CNY       41.72
GAOQING LU QING ASS      7.50     09/27/24      CNY       20.39
GAOQING LU QING ASS      7.50     09/27/24      CNY       20.30
GOME APPLIANCE CO L      7.80     12/21/24      CNY       37.00
GUANGAN XINHONG INV      7.50     06/03/26      CNY       63.09
GUANGAN XINHONG INV      7.50     06/03/26      CNY       62.84
GUANGDONG PEARL RIV      7.50     10/26/26      CNY       66.23
GUANGXI BAISE EXPER      7.59     01/08/26      CNY       42.18
GUANGXI BAISE EXPER      7.60     12/24/25      CNY       42.08
GUANGXI BAISE EXPER      7.60     12/24/25      CNY       40.00
GUANGXI BAISE EXPER      7.59     01/08/26      CNY       39.39
GUANGXI CHONGZUO UR      8.50     09/26/25      CNY       41.89
GUANGXI CHONGZUO UR      8.50     09/26/25      CNY       41.81
GUANGXI NINGMING HU      8.50     11/05/26      CNY       64.92
GUANGXI NINGMING HU      8.50     11/05/26      CNY       63.67
GUANGXI NINGMING HU      8.50     12/07/25      CNY       41.95
GUANGXI TIANDONG CO      7.50     06/04/27      CNY       45.00
GUANGYUAN CITY DEVE      7.50     10/25/27      CNY       37.46
GUANGYUAN YUANQU CO      7.50     12/23/26      CNY       64.43
GUANGYUAN YUANQU CO      7.50     10/30/26      CNY       62.64
GUANGYUAN YUANQU CO      7.50     12/23/26      CNY       60.00
GUANGYUAN YUANQU CO      7.50     10/30/26      CNY       60.00
GUANGZHOU FINELAND      13.60     07/27/23      USD       15.63
GUCHENG CONSTRUCTIO      7.88     04/27/25      CNY       20.96
GUCHENG CONSTRUCTIO      7.88     04/27/25      CNY       20.00
GUIXI STATE OWNED H      7.50     09/17/26      CNY       63.69
GUIXI STATE OWNED H      7.50     09/17/26      CNY       63.42
GUIYANG BAIYUN INDU      7.50     03/06/26      CNY       42.42
GUIYANG BAIYUN INDU      7.50     03/06/26      CNY       41.40
GUIYANG BAIYUN INDU      8.30     03/21/25      CNY       20.86
GUIYANG BAIYUN INDU      8.30     03/21/25      CNY       20.00
GUIYANG ECONOMIC DE      7.50     04/30/26      CNY       41.94
GUIYANG ECONOMIC DE      7.50     04/30/26      CNY       41.52
GUIYANG ECONOMIC DE      7.90     10/29/25      CNY       41.40
GUIYANG ECONOMIC DE      7.90     10/29/25      CNY       41.40
GUIYANG ECONOMIC TE      7.80     04/30/26      CNY       42.88
GUIYANG ECONOMIC TE      7.80     04/30/26      CNY       42.65
GUIYANG HI-TECH HOL      8.00     11/25/26      CNY       63.36
GUIYANG HI-TECH HOL      8.00     11/25/26      CNY       60.27
GUIZHOU CHANGSHUN C      8.50     03/19/26      CNY       42.94
GUIZHOU CHANGSHUN C      8.50     03/19/26      CNY       40.00
GUIZHOU EAST LAKE C      8.00     12/07/25      CNY       42.17
GUIZHOU EAST LAKE C      8.00     12/07/25      CNY       41.45
GUIZHOU HONGGUO ECO      7.80     11/24/24      CNY       20.55
GUIZHOU HONGGUO ECO      7.80     02/08/25      CNY       20.37
GUIZHOU HONGGUO ECO      7.80     11/24/24      CNY       10.50
GUIZHOU JINFENGHUAN      7.60     08/19/26      CNY       63.54
GUIZHOU JINFENGHUAN      7.60     08/19/26      CNY       62.00
GUIZHOU SHUANGLONG       7.50     04/20/30      CNY       60.00
GUIZHOU SHUICHENG E      7.50     10/26/25      CNY       41.77
GUIZHOU SHUICHENG E      7.50     10/26/25      CNY       19.50
GUIZHOU SHUICHENG W      8.00     11/27/25      CNY       41.31
GUIZHOU SHUICHENG W      8.00     11/27/25      CNY       41.31
GUIZHOU XINDONGGUAN      7.70     09/05/24      CNY       20.25
GUIZHOU ZHONGSHAN D      8.00     03/18/29      CNY       70.00
HAIAN URBAN DEMOLIT      8.00     12/21/25      CNY       42.26
HAIAN URBAN DEMOLIT      7.74     05/02/25      CNY       20.88
HAINAN AIRLINES HON     12.00     10/29/21      USD        3.80
HENGYANG CITY AND U      7.80     12/14/24      CNY       20.58
HENGYANG CITY AND U      7.80     12/14/24      CNY       20.58
HENGYANG CITY AND U      7.50     09/22/24      CNY       20.35
HENGYANG CITY AND U      7.50     09/22/24      CNY       20.35
HONGAN URBAN DEVELO      7.50     12/04/24      CNY       20.53
HONGAN URBAN DEVELO      7.50     12/04/24      CNY       20.00
HONGKONG IDEAL INVE     14.75     10/08/22      USD        1.57
HUAINAN SHAN NAN DE      7.94     04/01/26      CNY       42.89
HUAINAN SHAN NAN DE      7.94     04/01/26      CNY       40.00
HUAINAN URBAN CONST      7.58     02/12/26      CNY       42.42
HUAINAN URBAN CONST      7.50     03/20/25      CNY       20.83
HUAINAN URBAN CONST      7.50     03/20/25      CNY       20.00
HUBEI DAYE LAKE HIG      7.50     04/01/26      CNY       42.30
HUBEI DAYE LAKE HIG      7.50     04/01/26      CNY       41.50
HUBEI JIAKANG CONST      7.80     12/19/25      CNY       41.79
HUBEI YILING ECONOM      7.50     03/28/26      CNY       42.65
HUBEI YILING ECONOM      7.50     03/28/26      CNY       40.00
HUNAN CHUZHISHENG H      7.50     03/27/26      CNY       42.65
HUNAN CHUZHISHENG H      7.50     03/27/26      CNY       40.00
HUNAN MEISHAN RESOU      8.00     03/21/26      CNY       42.82
HUNAN MEISHAN RESOU      8.00     03/21/26      CNY       40.00
HUNAN TIANYI RONGTO      8.00     10/24/25      CNY       41.90
HUNAN TIANYI RONGTO      8.00     10/24/25      CNY       41.90
HUNAN TIANYI RONGTO      7.50     09/17/25      CNY       41.55
HUNAN XUANDA CONSTR      7.50     01/23/26      CNY       42.31
HUNAN XUANDA CONSTR      7.50     01/24/26      CNY       42.08
HUNAN XUANDA CONSTR      7.50     01/24/26      CNY       40.00
HUNAN XUANDA CONSTR      7.50     01/23/26      CNY       40.00
HUZHOU NEW CITY INV      7.50     11/23/24      CNY       20.53
HUZHOU NEW CITY INV      7.50     11/23/24      CNY       20.00
HUZHOU WUXING NANTA      7.90     09/20/25      CNY       41.69
JIA COUNTY DEVELOPM      7.50     01/21/27      CNY       63.49
JIA COUNTY DEVELOPM      7.50     01/21/27      CNY       58.00
JIAHE ZHUDU DEVELOP      7.50     03/13/25      CNY       20.80
JIAHE ZHUDU DEVELOP      7.50     03/13/25      CNY       20.00
JIANGSU YANGKOU POR      7.60     08/17/25      CNY       42.50
JIANGSU YANGKOU POR      7.60     08/17/25      CNY       41.52
JIANGSU ZHONGNAN CO      7.80     03/17/29      CNY       44.19
JIANGXI HUANGGANGSH      7.90     01/25/26      CNY       42.52
JIANGXI HUANGGANGSH      7.90     10/08/25      CNY       41.90
JIANGXI HUANGGANGSH      7.90     10/08/25      CNY       41.47
JIANGXI JIHU DEVELO      7.50     04/10/25      CNY       20.78
JIANGXI JIHU DEVELO      7.50     04/10/25      CNY       20.00
JIANGXI TONGGU CITY      7.50     04/21/27      CNY       64.49
JIANGYOU XINGYI PAR      7.80     12/17/25      CNY       51.85
JIANLI FENGYUAN CIT      7.50     01/14/26      CNY       42.12
JIANLI FENGYUAN CIT      7.50     01/14/26      CNY       40.00
JILIN ECONOMY TECHN      8.00     03/26/28      CNY       63.65
JILIN ECONOMY TECHN      8.00     03/26/28      CNY       54.12
JINGDEZHEN CERAMIC       7.50     08/27/25      CNY       41.46
JINGDEZHEN CERAMIC       7.50     08/27/25      CNY       41.43
JINING NEW CITY DEV      7.60     03/23/25      CNY       20.65
JINING NEW CITY DEV      7.60     03/23/25      CNY       20.00
JINXIANG COUNTY CIT      7.50     03/20/26      CNY       41.99
JINXIANG COUNTY CIT      7.50     03/20/26      CNY       40.92
JINZHOU CIHANG GROU      9.00     04/05/20      CNY       33.63
JUNAN COUNTY URBAN       7.50     09/26/24      CNY       20.36
JUNAN COUNTY URBAN       7.50     09/26/24      CNY       20.25
KAILI GUIZHOU TOWN       7.98     03/30/27      CNY       65.44
KAILI GUIZHOU TOWN       7.98     03/30/27      CNY       65.43
KUNMING AIRPORT INV      7.50     01/28/26      CNY       41.70
LAOHEKOU CITY CONST      7.50     06/09/24      CNY       70.38
LAOTING INVESTMENT       7.50     04/11/26      CNY       42.67
LAOTING INVESTMENT       7.50     04/11/26      CNY       39.80
LIJIN CITY CONSTRUC      7.50     04/26/26      CNY       42.62
LIJIN CITY CONSTRUC      7.50     12/20/25      CNY       41.99
LIJIN CITY CONSTRUC      7.50     04/26/26      CNY       40.00
LIJIN CITY CONSTRUC      7.50     12/20/25      CNY       40.00
LINFEN YAODU DISTRI      7.50     09/19/25      CNY       41.66
LINYI COUNTY CITY D      7.78     03/21/25      CNY       20.91
LINYI COUNTY CITY D      7.78     03/21/25      CNY       20.00
LINYI ZHENDONG CONS      7.50     12/06/25      CNY       41.89
LINYI ZHENDONG CONS      7.50     11/26/25      CNY       41.84
LINYI ZHENDONG CONS      7.50     12/06/25      CNY       41.45
LINYI ZHENDONG CONS      7.50     11/26/25      CNY       41.30
LIUPANSHUI AGRICULT      8.00     04/26/27      CNY       60.60
LIUPANSHUI AGRICULT      8.00     04/26/27      CNY       59.68
LONGNAN ECO&TECH DE      7.50     07/26/26      CNY       63.18
LUANCHUAN COUNTY TI      8.50     01/23/26      CNY       42.56
LUANCHUAN COUNTY TI      8.50     01/23/26      CNY       40.00
LUOHE ECONOMIC DEVE      7.50     12/18/25      CNY       42.00
LUOHE ECONOMIC DEVE      7.50     12/18/25      CNY       42.00
LUOYANG XIYUAN STAT      7.50     11/15/25      CNY       41.65
LUOYANG XIYUAN STAT      7.80     01/29/26      CNY       41.39
LUOYANG XIYUAN STAT      7.80     01/29/26      CNY       41.30
LUOYANG XIYUAN STAT      7.50     11/15/25      CNY       41.00
MAANSHAN NINGBO INV      7.50     04/18/26      CNY       42.44
MAANSHAN NINGBO INV      7.80     11/29/25      CNY       42.05
MAANSHAN NINGBO INV      7.80     11/29/25      CNY       41.88
MAANSHAN NINGBO INV      7.50     04/18/26      CNY       16.00
MEISHAN CITY DONGPO      8.00     01/03/26      CNY       42.31
MEISHAN CITY DONGPO      8.08     08/16/25      CNY       41.57
MEISHAN CITY DONGPO      8.00     01/03/26      CNY       40.00
MEISHAN CITY DONGPO      8.08     08/16/25      CNY       40.00
MEISHAN HONGSHUN PA      7.50     12/10/25      CNY       52.42
MENGZHOU INVESTMENT      8.00     11/06/25      CNY       41.99
MENGZHOU INVESTMENT      8.00     09/03/25      CNY       41.64
MENGZHOU INVESTMENT      8.00     11/06/25      CNY       40.00
MENGZHOU INVESTMENT      8.00     09/03/25      CNY       40.00
MENGZI CITY DEVELOP      8.00     03/25/26      CNY       42.78
MENGZI CITY DEVELOP      8.00     03/25/26      CNY       42.06
MENGZI CITY DEVELOP      7.65     09/25/24      CNY       20.37
MENGZI CITY DEVELOP      7.65     09/25/24      CNY       20.30
MIAN YANG ECONOMIC       8.00     09/29/26      CNY       64.22
MIAN YANG ECONOMIC       8.00     09/29/26      CNY       60.00
MIAN YANG ECONOMIC       8.20     03/15/26      CNY       42.70
MIAN YANG ECONOMIC       8.20     03/15/26      CNY       40.00
MIANYANG ANZHOU INV      7.90     11/25/26      CNY       64.39
MIANYANG ANZHOU INV      7.90     11/25/26      CNY       60.00
MIANYANG ANZHOU INV      8.10     11/22/25      CNY       41.99
MIANYANG ANZHOU INV      8.10     11/22/25      CNY       40.00
MIANYANG ANZHOU INV      8.10     05/04/25      CNY       21.15
MIANYANG ANZHOU INV      8.10     05/04/25      CNY       21.01
MIANYANG HUIDONG IN      8.10     04/28/25      CNY       21.06
MIANYANG HUIDONG IN      8.10     02/10/25      CNY       20.84
MIANZHU CITY JINSHE      7.87     12/18/25      CNY       42.10
MIANZHU CITY JINSHE      7.87     12/18/25      CNY       41.93
MILE AGRICULTURAL I      7.60     02/27/26      CNY       42.32
MILE AGRICULTURAL I      7.60     02/27/26      CNY       42.00
MILE AGRICULTURAL I      8.00     10/25/25      CNY       41.87
MUDANJIANG LONGSHEN      7.50     09/27/25      CNY       41.62
NANCHONG JIALING DE      7.98     05/23/25      CNY       41.06
NANCHONG JIALING DE      7.98     05/23/25      CNY       40.00
NANCHONG JIALING DE      7.80     12/12/24      CNY       20.58
NANCHONG JIALING DE      7.80     12/12/24      CNY       20.58
NEOGLORY HOLDING GR      8.10     11/23/18      CNY       72.00
NEOGLORY HOLDING GR      8.00     09/25/20      CNY       60.00
NEOGLORY HOLDING GR      8.00     10/22/20      CNY       56.00
NINGXIA SHENG YAN I      7.50     09/27/28      CNY       42.45
PANJIN CITY SHUANGT      8.50     01/29/26      CNY       42.68
PANJIN CITY SHUANGT      8.50     01/29/26      CNY       42.68
PANJIN CITY SHUANGT      8.70     12/20/25      CNY       42.56
PANJIN CITY SHUANGT      8.70     12/20/25      CNY       42.56
PANJIN LIAODONGWAN       7.50     12/28/26      CNY       64.46
PEIXIAN ECONOMIC DE      7.51     11/04/26      CNY       63.50
PEIXIAN ECONOMIC DE      7.51     11/04/26      CNY       60.00
PENGSHAN DEVELOPMEN      7.98     05/03/25      CNY       21.59
PENGSHAN DEVELOPMEN      7.98     05/03/25      CNY       21.06
PENGZE CITY DEVELOP      7.60     08/31/25      CNY       41.51
PENGZE CITY DEVELOP      7.60     08/31/25      CNY       41.49
PINGLIANG CHENGXIAN      7.80     03/29/26      CNY       42.71
PINGLIANG CHENGXIAN      7.80     03/29/26      CNY       41.75
PUDING YELANG STATE      8.00     03/13/25      CNY       20.85
PUDING YELANG STATE      8.00     03/13/25      CNY       20.70
PUDING YELANG STATE      7.79     11/13/24      CNY       20.37
PUDING YELANG STATE      7.79     11/13/24      CNY       20.25
PUER CITY SI MAO GU      7.50     03/14/26      CNY       42.37
PUER CITY SI MAO GU      7.50     03/14/26      CNY       40.00
QIANDONGNAN TRANSPO      8.00     01/15/27      CNY       65.11
QIANDONGNAN TRANSPO      8.00     01/15/27      CNY       65.11
QIANNANZHOU INVESTM      8.00     01/02/26      CNY       42.33
QIANNANZHOU INVESTM      8.00     01/02/26      CNY       41.00
QINGHAI PROVINCIAL       7.88     03/22/21      USD        1.87
QINGZHEN CITY CONST      7.50     03/18/26      CNY       42.37
QINGZHEN CITY CONST      7.50     03/18/26      CNY       42.37
QINGZHOU HONGYUAN P      7.60     06/17/27      CNY       64.28
QINGZHOU HONGYUAN P      7.60     06/17/27      CNY       62.85
QINZHOU BINHAI NEW       7.70     08/15/26      CNY       63.51
QINZHOU BINHAI NEW       7.70     08/15/26      CNY       63.51
QUJING CITY QILIN D      8.50     01/21/26      CNY       42.67
QUJING CITY QILIN D      8.50     01/21/26      CNY       40.00
RENHUAI WATER INVES      7.98     07/26/25      CNY       41.42
RENHUAI WATER INVES      8.00     12/26/25      CNY       38.95
RENHUAI WATER INVES      7.98     02/24/25      CNY       20.72
RUCHENG SHUNXING IN      7.50     01/07/26      CNY       42.26
RUCHENG SHUNXING IN      7.50     01/07/26      CNY       40.00
RUDONG NEW WORLD IN      7.50     12/06/26      CNY       64.13
RUDONG NEW WORLD IN      7.50     12/06/26      CNY       60.00
RUILI RENLONG INVES      8.00     09/20/26      CNY       63.29
RUILI RENLONG INVES      8.00     09/20/26      CNY       62.70
SHAANXI XIYUE HUASH      7.50     12/27/26      CNY       64.27
SHAANXI XIYUE HUASH      7.50     12/27/26      CNY       61.80
SHANDONG HONGHE HOL      7.50     01/29/26      CNY       42.00
SHANDONG OCEAN CULT      7.50     04/25/26      CNY       62.19
SHANDONG OCEAN CULT      7.50     03/28/26      CNY       41.88
SHANDONG RENCHENG R      7.50     01/23/26      CNY       41.63
SHANDONG RUYI TECHN      7.90     09/18/23      CNY       52.10
SHANDONG SANXING GR      7.90     08/30/24      CNY       58.00
SHANDONG URBAN CAPI      7.50     04/12/26      CNY       42.51
SHANDONG URBAN CAPI      7.50     04/12/26      CNY       40.00
SHANGLI INVESTMENT       7.80     01/22/26      CNY       42.15
SHANGLI INVESTMENT       7.50     06/01/25      CNY       40.99
SHANGLI INVESTMENT       7.50     06/01/25      CNY       40.86
SHANGLI INVESTMENT       7.80     01/22/26      CNY       40.49
SHANGRAO GUANGXIN U      7.95     07/24/25      CNY       41.43
SHANGRAO GUANGXIN U      7.95     07/24/25      CNY       41.34
SHANXI JINZHONG STA      7.50     05/05/26      CNY       42.57
SHAOYANG SAISHUANGQ      8.00     11/28/25      CNY       42.02
SHAOYANG SAISHUANGQ      8.00     11/28/25      CNY       40.00
SHEHONG STATE OWNED      7.60     10/25/25      CNY       41.88
SHEHONG STATE OWNED      7.50     08/22/25      CNY       41.51
SHEHONG STATE OWNED      7.50     08/22/25      CNY       40.00
SHEHONG STATE OWNED      7.60     10/25/25      CNY       40.00
SHEHONG STATE OWNED      7.60     10/22/25      CNY       40.00
SHEHONG STATE OWNED      7.60     10/22/25      CNY       21.42
SHENWU ENVIRONMENTA      9.00     03/14/19      CNY       12.00
SHEYANG URBAN CONST      7.80     11/27/24      CNY       20.55
SHEYANG URBAN CONST      7.80     11/27/24      CNY       20.51
SHIFANG CITY NATION      8.00     12/05/25      CNY       42.10
SHIFANG CITY NATION      8.00     12/05/25      CNY       40.00
SHIYAN CITY CHENGTO      7.80     02/13/26      CNY       45.82
SHUANGYASHAN DADI C      8.50     12/16/26      CNY       65.29
SHUANGYASHAN DADI C      8.50     12/16/26      CNY       65.29
SHUANGYASHAN DADI C      8.50     08/26/26      CNY       64.31
SHUANGYASHAN DADI C      8.50     08/26/26      CNY       64.31
SHUANGYASHAN DADI C      8.50     04/30/26      CNY       43.27
SHUANGYASHAN DADI C      8.50     04/30/26      CNY       43.27
SHUOZHOU INVESTMENT      7.80     12/25/25      CNY       42.24
SHUOZHOU INVESTMENT      7.80     12/25/25      CNY       42.17
SHUOZHOU INVESTMENT      7.50     10/23/25      CNY       41.72
SHUOZHOU INVESTMENT      7.50     10/23/25      CNY       41.60
SICHUAN CHENG'A DEV      7.50     11/29/24      CNY       20.52
SICHUAN CHENG'A DEV      7.50     11/06/24      CNY       20.43
SICHUAN CHENG'A DEV      7.50     11/29/24      CNY       20.00
SICHUAN CHENG'A DEV      7.50     11/06/24      CNY       20.00
SICHUAN COAL INDUST      7.70     01/09/18      CNY       45.00
SICHUAN LANGUANG DE      7.50     07/23/22      CNY       42.00
SICHUAN LANGUANG DE      7.50     08/12/21      CNY       12.63
SICHUAN LANGUANG DE      7.50     07/11/21      CNY       12.63
SIYANG JIADING INDU      7.50     12/14/25      CNY       41.94
SIYANG JIADING INDU      7.50     12/14/25      CNY       41.86
SIYANG JIADING INDU      7.50     04/27/25      CNY       20.87
SIYANG JIADING INDU      7.50     04/27/25      CNY       20.87
TAHOE GROUP CO LTD       7.50     08/15/20      CNY       27.00
TAHOE GROUP CO LTD       8.50     08/02/21      CNY        6.20
TAHOE GROUP CO LTD       7.50     10/10/20      CNY        5.90
TAHOE GROUP CO LTD       7.50     09/19/21      CNY        4.00
TAIXING CITY CHENGX      7.60     04/24/26      CNY       42.81
TAIXING CITY CHENGX      7.60     04/04/26      CNY       42.66
TAIXING CITY CHENGX      7.80     03/05/26      CNY       42.65
TAIXING CITY CHENGX      7.60     04/24/26      CNY       40.00
TAIXING CITY CHENGX      7.60     04/04/26      CNY       40.00
TAIXING CITY CHENGX      7.80     03/05/26      CNY       40.00
TAIXING XINGHUANG I      8.50     11/15/25      CNY       42.27
TAIXING XINGHUANG I      8.50     11/15/25      CNY       39.59
TAIZHOU FENGCHENGHE      7.90     12/29/24      CNY       20.65
TAIZHOU FENGCHENGHE      7.90     12/29/24      CNY       20.00
TAIZHOU HUACHENG ME      8.50     12/26/25      CNY       42.54
TAIZHOU HUACHENG ME      8.50     12/26/25      CNY       40.00
TANCHENG COUNTY CIT      7.50     04/09/26      CNY       42.60
TANCHENG COUNTY CIT      7.50     04/09/26      CNY       40.00
TANGSHAN HOLDING DE      7.60     05/16/25      CNY       40.94
TANGSHAN HOLDING DE      7.60     05/16/25      CNY       40.80
TAOYUAN COUNTY CONS      8.00     10/17/26      CNY       64.11
TAOYUAN COUNTY CONS      7.50     09/11/26      CNY       63.60
TAOYUAN COUNTY CONS      7.50     09/11/26      CNY       60.00
TAOYUAN COUNTY CONS      8.00     10/17/26      CNY       60.00
TAOYUAN COUNTY ECON      8.20     09/06/25      CNY       41.82
TAOYUAN COUNTY ECON      8.20     09/06/25      CNY       41.20
TEMPUS GROUP CO LTD      7.50     06/07/20      CNY        4.00
TENGCHONG SHIXINGBA      7.50     05/05/26      CNY       52.54
TIANJIN REAL ESTATE      7.70     03/16/21      CNY       21.49
TONGCHENG CITY CONS      7.50     07/23/25      CNY       41.30
TONGCHENG CITY CONS      7.50     07/23/25      CNY       40.00
TONGHUA FENGYUAN IN      7.80     04/30/26      CNY       42.87
TONGHUA FENGYUAN IN      8.00     12/18/25      CNY       42.24
TONGHUA FENGYUAN IN      7.80     04/30/26      CNY       42.00
TONGHUA FENGYUAN IN      8.00     12/18/25      CNY       40.00
TONGXIANG CHONGDE I      7.88     11/29/25      CNY       42.23
TONGXIANG CHONGDE I      7.88     11/29/25      CNY       41.70
TUNGHSU GROUP CO LT      8.18     10/25/21      CNY       22.00
TUNGHSU GROUP CO LT      7.85     03/23/21      CNY        0.00
URUMQI ECO TECH DEV      7.50     10/19/25      CNY       41.44
URUMQI ECO TECH DEV      7.50     10/19/25      CNY       40.00
WEIHAI LANCHUANG CO      7.70     10/11/25      CNY       41.21
WEIHAI LANCHUANG CO      7.70     10/11/25      CNY       40.73
WEIHAI WENDENG URBA      7.70     05/02/28      CNY       64.73
WEINAN CITY INDUSTR      7.50     04/28/26      CNY       42.19
WEINAN CITY INDUSTR      7.50     04/28/26      CNY       40.00
WINTIME ENERGY GROU      7.50     04/04/21      CNY       43.63
WINTIME ENERGY GROU      7.50     12/06/20      CNY       43.63
WINTIME ENERGY GROU      7.50     11/16/20      CNY       43.63
WINTIME ENERGY GROU      7.70     11/15/20      CNY       43.63
WINTIME ENERGY GROU      7.90     03/29/21      CNY       43.63
WINTIME ENERGY GROU      7.90     12/22/20      CNY       43.63
WUSU CITY XINGRONG       7.50     10/25/25      CNY       41.79
WUSU CITY XINGRONG       7.50     10/25/25      CNY       40.00
WUXUE URBAN CONSTRU      7.50     04/12/26      CNY       42.61
WUXUE URBAN CONSTRU      7.50     04/12/26      CNY       40.00
WUYANG CONSTRUCTION      7.80     09/11/20      CNY       32.48
WUZHOU CITY CONSTRU      7.90     03/26/29      CNY       73.20
XIAN LINTONG URBAN       7.69     04/22/26      CNY       42.76
XIAN LINTONG URBAN       7.69     04/22/26      CNY       40.00
XIFENG COUNTY URBAN      8.00     03/14/26      CNY       42.12
XINFENG COUNTY URBA      7.80     04/16/26      CNY       42.87
XINFENG COUNTY URBA      7.80     12/05/25      CNY       41.99
XINFENG COUNTY URBA      7.80     04/16/26      CNY       41.88
XINFENG COUNTY URBA      7.80     12/05/25      CNY       40.00
XINGYI XINHENG URBA      8.00     11/21/25      CNY       42.02
XINGYI XINHENG URBA      7.90     01/31/25      CNY       20.47
XINGYI XINHENG URBA      7.90     01/31/25      CNY       20.00
XINPING URBAN DEVEL      7.70     01/24/26      CNY       41.77
XINPING URBAN DEVEL      7.70     01/24/26      CNY       41.50
XINYU CITY YUSHUI D      7.50     09/24/26      CNY       63.53
XIPING COUNTY INDUS      7.50     12/26/24      CNY       20.60
XIPING COUNTY INDUS      7.50     12/26/24      CNY       20.00
XIUSHAN HUAXING ENT      7.50     09/25/25      CNY       41.56
XIUSHAN HUAXING ENT      7.50     09/25/25      CNY       41.56
XUZHOU CITY JIAWANG      7.98     05/06/26      CNY       62.14
XUZHOU CITY JIAWANG      7.88     01/28/26      CNY       41.79
XUZHOU CITY JIAWANG      7.88     01/28/26      CNY       40.58
XUZHOU CITY JIAWANG      7.98     05/06/26      CNY       40.50
YANCHENG URBANIZATI      7.50     03/04/27      CNY       65.10
YANGLING URBAN RURA      7.80     06/19/26      CNY       63.14
YANGLING URBAN RURA      7.80     06/19/26      CNY       60.00
YANGLING URBAN RURA      7.80     02/20/26      CNY       42.39
YANGLING URBAN RURA      7.80     02/20/26      CNY       40.00
YANGO JUSTICE INTER      7.88     09/04/24      USD        0.46
YANGO JUSTICE INTER      7.50     02/17/25      USD        0.34
YANGO JUSTICE INTER      8.25     11/25/23      USD        0.34
YANGO JUSTICE INTER     10.25     09/15/22      USD        0.15
YANGO JUSTICE INTER      9.25     04/15/23      USD        0.13
YANGO JUSTICE INTER      7.50     04/15/24      USD        0.12
YANGO JUSTICE INTER     10.25     03/18/22      USD        0.12
YANGO JUSTICE INTER     10.00     02/12/23      USD        0.04
YIBIN NANXI CAIYUAN      8.10     11/28/25      CNY       42.28
YIBIN NANXI CAIYUAN      8.10     11/28/25      CNY       40.93
YIBIN NANXI CAIYUAN      8.10     07/24/25      CNY       40.69
YIBIN NANXI CAIYUAN      8.10     07/24/25      CNY       40.00
YICHANG CHUANGYUAN       7.80     11/06/25      CNY       41.89
YINGKOU BEIHAI NEW       7.98     01/25/25      CNY       20.71
YINGKOU BEIHAI NEW       7.98     01/25/25      CNY       20.71
YINGTAN JUNENG INVE      8.00     05/06/26      CNY       43.07
YINGTAN JUNENG INVE      8.00     05/06/26      CNY       40.00
YIYANG COUNTY CITY       7.90     11/05/25      CNY       42.02
YIYANG COUNTY CITY       7.90     11/05/25      CNY       42.01
YIYANG COUNTY CITY       7.50     06/07/25      CNY       41.11
YIYANG COUNTY CITY       7.50     06/07/25      CNY       40.00
YIYANG LONGLING CON      7.60     01/23/26      CNY       42.07
YIYANG LONGLING CON      7.60     01/23/26      CNY       40.30
YIYUAN HONGDING ASS      7.50     08/17/25      CNY       41.46
YONGAN STATE-OWNED       8.50     11/26/25      CNY       41.91
YONGAN STATE-OWNED       8.50     11/26/25      CNY       40.00
YONGCHENG COAL & EL      7.50     02/02/21      CNY       39.88
YONGXIU CITY CONSTR      7.80     08/27/25      CNY       41.40
YONGXIU CITY CONSTR      7.80     08/27/25      CNY       40.00
YONGXIU CITY CONSTR      7.50     05/02/25      CNY       20.85
YONGXIU CITY CONSTR      7.50     05/02/25      CNY       20.00
YOUYANG COUNTY TAOH      7.50     09/28/25      CNY       41.63
YOUYANG COUNTY TAOH      7.50     09/28/25      CNY       41.25
YUANJIANG CITY CONS      7.50     01/18/26      CNY       42.12
YUANJIANG CITY CONS      7.50     01/18/26      CNY       42.12
YUDU ZHENXING INVES      7.50     05/03/25      CNY       20.90
YUDU ZHENXING INVES      7.50     05/03/25      CNY       20.49
YUEYANG CITY JUNSHA      7.96     03/13/27      CNY       64.99
YUEYANG CITY JUNSHA      7.96     03/13/27      CNY       60.51
YUEYANG CITY JUNSHA      7.96     04/23/26      CNY       42.87
YUEYANG CITY JUNSHA      7.96     04/23/26      CNY       40.00
YUEYANG HUILIN INVE      7.50     12/23/26      CNY       64.37
YUEYANG HUILIN INVE      7.50     12/23/26      CNY       60.00
YUTAI XINDA ECONOMI      7.50     04/10/26      CNY       42.62
YUTAI XINDA ECONOMI      7.50     04/10/26      CNY       42.00
ZENSUN ENTERPRISES      12.50     09/13/23      USD        4.69
ZENSUN ENTERPRISES      12.50     04/23/24      USD        3.94
ZHANGJIAJIE LOULI T      7.50     03/26/26      CNY       42.41
ZHANGJIAJIE LOULI T      7.50     03/26/26      CNY       42.41
ZHANGZI NATIONAL OW      7.50     10/18/26      CNY       63.94
ZHANGZI NATIONAL OW      7.50     10/18/26      CNY       60.00
ZHEJIANG CHANGXING       7.50     05/16/26      CNY       62.68
ZHEJIANG CHANGXING       7.50     05/16/26      CNY       61.60
ZHEJIANG CHANGXING       7.50     12/26/25      CNY       42.03
ZHEJIANG CHANGXING       7.50     12/26/25      CNY       40.00
ZHEJIANG HUZHOU NAN      7.80     08/21/25      CNY       41.88
ZHEJIANG WUYI CITY       8.00     12/21/25      CNY       42.19
ZHEJIANG WUYI CITY       8.00     12/21/25      CNY       42.17
ZHEJIANG WUYI CITY       8.00     08/10/25      CNY       41.48
ZHEJIANG WUYI CITY       8.00     08/10/25      CNY       40.00
ZHONGHONG HOLDING C      8.00     07/04/19      CNY        2.75
ZHONGXIANG CITY CON      7.50     07/05/26      CNY       60.95
ZHONGXIANG CITY CON      7.50     07/05/26      CNY       60.00
ZHOUSHAN ISLANDS NE      7.50     01/30/27      CNY       59.94
ZHOUSHAN ISLANDS NE      7.50     01/30/27      CNY       55.00
ZHUZHOU HI-TECH AUT      8.00     08/14/25      CNY       51.93
ZHUZHOU RAILWAY IND      7.50     09/25/24      CNY       20.34
ZIGUI COUNTY CHUYUA      7.80     02/12/28      CNY       65.74
ZIGUI COUNTY CHUYUA      7.80     02/12/28      CNY       60.00
ZIYANG KAILI INVEST      8.00     02/14/26      CNY       42.27
ZOUCHENG CITY LONGC      7.50     01/16/29      CNY       59.71
ZUNYI BOZHOU URBAN       7.85     10/24/24      CNY       20.37
ZUNYI BOZHOU URBAN       7.85     10/24/24      CNY       20.31
ZUNYI TRAFFIC TRAVE      7.80     03/07/29      CNY       70.00
ZUNYI TRAFFIC TRAVE      7.70     09/27/27      CNY       64.63
ZUNYI TRAFFIC TRAVE      7.70     09/27/27      CNY       63.75
ZUNYI URBAN CONSTRU      7.50     05/20/24      CNY       40.05


   INDONESIA
   ---------

WIJAYA KARYA PERSER      9.90     11/03/25      IDR       73.00
WIJAYA KARYA PERSER      9.90     11/03/25      IDR       73.00
WIJAYA KARYA PERSER      9.25     12/18/25      IDR       70.47
WIJAYA KARYA PERSER      9.25     12/18/25      IDR       70.33
WIJAYA KARYA PERSER      9.10     03/03/26      IDR       69.01
WIJAYA KARYA PERSER      9.10     03/03/26      IDR       68.41
WIJAYA KARYA PERSER     10.90     11/03/29      IDR       66.03
WIJAYA KARYA PERSER     10.90     11/03/29      IDR       66.03
WIJAYA KARYA PERSER      8.55     09/08/26      IDR       64.37
WIJAYA KARYA PERSER     10.50     11/03/27      IDR       64.27
WIJAYA KARYA PERSER     10.50     11/03/27      IDR       64.27
WIJAYA KARYA PERSER      8.55     09/08/26      IDR       63.81
WIJAYA KARYA PERSER      9.75     03/03/28      IDR       62.27
WIJAYA KARYA PERSER      9.75     03/03/28      IDR       61.92
WIJAYA KARYA PERSER      9.85     12/18/27      IDR       61.71
WIJAYA KARYA PERSER      9.85     12/18/27      IDR       61.02
WIJAYA KARYA PERSER      7.75     02/18/27      IDR       60.71
WIJAYA KARYA PERSER      9.25     09/08/28      IDR       60.30
WIJAYA KARYA PERSER      9.25     09/08/28      IDR       60.20
WIJAYA KARYA PERSER      7.75     02/18/27      IDR       59.97
WIJAYA KARYA PERSER      8.30     02/18/29      IDR       57.65
WIJAYA KARYA PERSER      8.30     02/18/29      IDR       57.54
WIJAYA KARYA PERSER      8.60     12/18/25      IDR       29.78


   INDIA
   -----

AXIS FINANCE LTD         8.10     11/17/28      INR       73.41
BHARAT SANCHAR NIGA      7.55     03/20/34      INR       99.61
IIFL SAMASTA FINANC     10.75     02/24/25      INR       50.23
IKF FINANCE LTD         10.60     03/27/25      INR       49.79
MAHANAGAR TELEPHONE      7.51     03/06/34      INR       53.26
PIRAMAL CAPITAL & H      8.50     04/18/23      INR       34.25


   SOUTH KOREA
   -----------

KOSME SCALE-UP SECU     24.00     12/30/24      KRW       73.40
KOSME SCALE-UP SECU     20.00     03/30/25      KRW       67.75
KOSME SCALE-UP SECU     20.00     03/30/25      KRW       67.75
SAMPYO CEMENT CO LT      7.50     07/20/14      KRW       70.00
SAMPYO CEMENT CO LT      8.10     06/26/15      KRW       70.00
SAMPYO CEMENT CO LT      8.10     04/12/15      KRW       70.00
SAMPYO CEMENT CO LT      8.30     09/10/14      KRW       70.00
SAMPYO CEMENT CO LT      8.30     04/20/14      KRW       70.00


   SRI LANKA
   ---------

SRI LANKA GOVERNMEN     12.40     05/15/31      LKR       73.63
SRI LANKA GOVERNMEN     12.40     06/15/32      LKR       70.66
SRI LANKA GOVERNMEN     12.40     01/15/33      LKR       66.46
SRI LANKA GOVERNMEN     12.40     03/15/35      LKR       62.82
SRI LANKA GOVERNMEN     12.40     04/15/36      LKR       61.43
SRI LANKA GOVERNMEN     12.40     05/15/37      LKR       60.27
SRI LANKA GOVERNMEN     12.40     06/15/38      LKR       59.30
SRI LANKA GOVERNMEN      7.85     03/14/29      USD       57.28
SRI LANKA GOVERNMEN      7.85     03/14/29      USD       57.24
SRI LANKA GOVERNMEN      7.55     03/28/30      USD       56.99
SRI LANKA GOVERNMEN      7.55     03/28/30      USD       56.96


   MALAYSIA
   --------

CAPITAL A BHD            8.00     12/29/28      MYR        0.82


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICA     15.00     07/15/06      USD       14.88
BAYAN TELECOMMUNICA     15.00     07/15/06      USD       14.88


   SINGAPORE
   ---------

BAKRIE TELECOM PTE      11.50     05/07/15      USD        0.17
BAKRIE TELECOM PTE      11.50     05/07/15      USD        0.17
BLD INVESTMENTS PTE      8.63     03/23/15      USD        6.75
DAVOMAS INTERNATION     11.00     12/08/14      USD        0.27
DAVOMAS INTERNATION     11.00     12/08/14      USD        0.27
DAVOMAS INTERNATION     11.00     05/09/11      USD        0.27
DAVOMAS INTERNATION     11.00     05/09/11      USD        0.27
ENERCOAL RESOURCES       9.25     08/05/14      USD       45.75
ITNL OFFSHORE PTE L      7.50     01/18/21      CNY       17.53
MICLYN EXPRESS OFFS      8.75     11/25/18      USD        0.86
NOMURA INTERNATIONA      7.65     10/04/37      AUD       63.14
ORO NEGRO DRILLING       7.50     01/24/24      USD        0.50
RICKMERS MARITIME        8.45     05/15/17      SGD        5.00
SWIBER HOLDINGS LTD      7.75     09/18/17      CNY        6.13


                           *********


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 2024.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
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