N K R Engineers enters insolvency process; creditors must file claims by 2 November
According to an IBBI public announcement, the NCLT has admitted N K R Engineers Private Limited into insolvency. Creditors must submit claims by 2 November 2026.
N K R Engineers Private Limited, an Ahmedabad-registered company, has entered the corporate insolvency resolution process, according to a public announcement published under IBBI rules. The National Company Law Tribunal ordered the process to begin on 16 October 2026. Creditors must submit their claims by 2 November 2026.
What Happened
The announcement, issued in Form A, says the National Company Law Tribunal ordered the commencement of a corporate insolvency resolution process for the company on 16 October 2026. A corporate insolvency resolution process is a time-bound procedure under which a company's creditors try to find a way to revive it or settle its debts. The copy of the order was received on 19 October 2026, per the announcement.
The company was incorporated on 20 December 2004 and is registered with the Registrar of Companies, Ahmedabad. Its registered office is in Hathijan, Ahmedabad, Gujarat. The announcement estimates that the process will close on 14 April 2027, which is 180 days from the commencement date.
An interim resolution professional has been appointed to run the process. This is an insolvency professional who takes charge of the company's affairs at the start and collects claims from creditors. The announcement says no classes of creditors have been ascertained so far.
The announcement is a procedural notice that insolvency proceedings have begun. It is not a finding of fraud or mismanagement.
What It Means
Anyone the company owes money to should note the deadline. The last date for submitting claims, with proof, is 2 November 2026, the 14th day from when the order was received.
Claims go to the interim resolution professional at the correspondence address given in the announcement: 801-802, Eighth Floor, Abhijeet-1, opposite Bhuj Mercantile Bank, Mithakhali Six Roads, Navrangpura, Ahmedabad 380006, or by email at cirp.nkrengineers@gmail.com.
Financial creditors, such as banks and other lenders, must submit their claims by electronic means only. All other creditors, including suppliers and employees, may submit claims in person, by post or by electronic means. The relevant claim forms are available at https://ibbi.gov.in/en/home/downloads.
The announcement warns that submitting false or misleading proofs of claim will attract penalties.
Source: IBBI public announcement
Sources & Citations
- IBBI public announcement — Insolvency and Bankruptcy Board of India