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Vrundavan Ceramic Morbi plant go under the hammer

The liquidator of Vrundavan Ceramic Private Limited has put the company’s Morbi-district manufacturing property and, separately, its entire book of financial assets up for sale in a two-block e-auction on 14 October 2026 — a parcel sale that, if it clears at reserve, would realise roughly Rs 21.85 crore against a corporate debtor that has…

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Failure to Deposit ₹1 Cr EMD Makes Resolution Plans Non-Responsive: NCLT Allows Liquidation of Corporate Debtor [Read Order]

The National Company Law Tribunal (NCLT) Mumbai Bench has ordered liquidation of Mudra Denim Pvt. Ltd. after resolution plans submitted during the Corporate InsolvencyResolution Process (CIRP) were rejected as non-responsive for failure to comply with the prescribed Request for Resolution Plan (RFRP) conditions. The order has been passed by the Bench consisting of (Judicial Members)…

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