Sevantilal Fakirchand and Company enters insolvency; creditors must claim by 10 November
The National Company Law Tribunal has admitted Mumbai-based Sevantilal Fakirchand and Company Private Limited into insolvency, and its creditors must file claims by 10 November 2026.
Key points
- The National Company Law Tribunal ordered an insolvency process for Sevantilal Fakirchand and Company Private Limited on 27 October 2026.
- Creditors must submit claims with proof to the interim resolution professional by 10 November 2026.
- Financial creditors must claim electronically; other creditors may claim in person, by post or by email.
Creditors of Sevantilal Fakirchand and Company Private Limited, a Mumbai-registered company, have until 10 November 2026 to file their claims after the National Company Law Tribunal ordered a corporate insolvency resolution process against it. The insolvency began on 27 October 2026, according to a public announcement published through the Insolvency and Bankruptcy Board of India (IBBI). The process is expected to close by 25 April 2027.
What Happened
The public announcement, in Form A and dated 30 October 2026, says the tribunal ordered the start of the corporate insolvency resolution process on 27 October 2026. The interim resolution professional received the order on 29 October 2026.
A corporate insolvency resolution process is the procedure under the Insolvency and Bankruptcy Code in which an insolvency professional takes over the running of a company while its creditors look for a plan to revive it or recover their dues. Admission into the process is not a finding of fraud or mismanagement.
The announcement gives these details:
- The company was incorporated on 15 May 1989 and is registered with the Registrar of Companies, Mumbai.
- Its registered office is in Panchratna, Opera House, Mumbai.
- The estimated date of closure of the process is 25 April 2027, 180 days from the start.
- No classes of creditors have been identified so far, and no authorised representatives for such classes have been named.
What It Means
Anyone the company owes money to, including lenders, suppliers, employees and workmen, must submit a claim with proof to the interim resolution professional by 10 November 2026. Claims go to the correspondence address and email listed at entry 10 of the announcement.
Financial creditors, such as banks and other lenders, must file their claims electronically only. All other creditors may file in person, by post or electronically. The announcement warns that submitting false or misleading proof of a claim attracts penalties.
The forms for filing claims are available on the IBBI's downloads page at https://ibbi.gov.in/en/home/downloads, as the announcement sets out.
Source: IBBI public announcement
Sources & Citations
- IBBI public announcement — Insolvency and Bankruptcy Board of India