The National Company Law Tribunal (NCLT) has admitted Birla Jewels Ltd, the jewellery subsidiary of KSS Ltd (formerly K Sera Sera Ltd), into the corporate insolvency resolution process (CIRP). The admission comes about three months after an appellate tribunal approved a resolution plan for the parent.
Pravin R Navandar has been appointed interim resolution professional (IRP) of Birla Jewels, which runs the ‘Bjewelz’ brand. His public announcement (Form A) asks creditors to file claims by October 20, 2026.
A parent rescued for ₹3 crore
KSS’s own CIRP stretched over three and a half years. NCLT’s Mumbai bench admitted the company into insolvency on January 24, 2023. It acted on a petition under Section 7 of…