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Ganesh Benzoplast: Supreme Court Dismisses Appeal, Rejecting CIRP Initiation

Market snapshot: The Supreme Court of India has dismissed an appeal filed by financial creditor Progfin Private Limited, permanently halting the attempt to initiate Corporate Insolvency Resolution Process (CIRP) against Ganesh Benzoplast Limited. The apex court’s ruling, delivered on August 18, 2026, and disclosed on August 20, 2026, confirms the absence of sufficient grounds for…