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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

          Thursday, November 16, 2023, Vol. 26, No. 230

                           Headlines



A U S T R A L I A

CAPPELLO NOMINEES: First Creditors' Meeting Set for Nov. 21
CENTRAL COAST: First Creditors' Meeting Set for Nov. 21
IAN STREET: Probe Into Miss Universe Australia's Parents Sought
MTF WAREHOUSE 1: S&P Assigns BB(sf) Rating on Class E Notes
PROFIX REINFORCEMENT: Second Creditors' Meeting Set for Nov. 21

ROYAL AUTOMOBILE: Car Club Faces Collapse as it Posts AUD770K Loss
SAPPHIRE XXVIII 2023-2: Moody's Gives (P)B2 Rating to Cl. F Notes
ULTIMATE KITCHENS: Home Renovation Firm Collapses Into Liquidation
WELLINGTON STREET: Second Creditors' Meeting Set for Nov. 22
WET FIX: Second Creditors' Meeting Set for Nov. 21



C H I N A

AMER INT'L: Wang Hit By Court-Ordered Freeze on Shares
DALIAN WANDA: Backers Reject Initial Offer for Repayment Delay


I N D I A

A.M. DISTRIBUTORS: CARE Keeps D Debt Ratings in Not Cooperating
AAVAS FINSERV: Voluntary Liquidation Process Case Summary
ADM SOLAR: CARE Keeps D Debt Rating in Not Cooperating Category
ARPITA FILAMENTS: Liquidation Process Case Summary
BHAVYA INFRASTRUCTURES: Liquidation Process Case Summary

CHHATRAPATI AGRO: Liquidation Process Case Summary
CHOU SENKO: Liquidation Process Case Summary
DABANG METAL: CARE Keeps D Debt Rating in Not Cooperating
DARODE JOG: Insolvency Resolution Process Case Summary
DASHMESH RICE: CARE Keeps D Debt Rating in Not Cooperating

DHURIA RICE: CARE Keeps C Debt Rating in Not Cooperating
DURLAX TOP: CARE Keeps D Debt Ratings in Not Cooperating Category
GO FIRST: Says Lessors Tactically Using Different Forums vs. Firm
JINDAL TIMBER: CARE Keeps C Debt Rating in Not Cooperating
JUHI INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating

KALYAN VAIJINATHRAO: CARE Keeps D Debt Rating in Not Cooperating
KHATEMA FIBRES: Insolvency Resolution Process Case Summary
KONKAN MINERALS: Liquidation Process Case Summary
MAHIP INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating
MAITHAN ISPAT: CARE Keeps D Debt Ratings in Not Cooperating

MAK MOBILITY: Insolvency Resolution Process Case Summary
MANJU AGRO: CARE Keeps D Debt Ratings in Not Cooperating Category
MANSAROVAR HOLIDAYS: CARE Keeps D Debt Rating in Not Cooperating
NEW PRINT: CARE Keeps D Debt Rating in Not Cooperating Category
NUVO CHRYSCAPITAL: Voluntary Liquidation Process Case Summary

PAI KHOT: Insolvency Resolution Process Case Summary
PANTONE TEXTILE: CARE Keeps C Debt Ratings in Not Cooperating
PLUTO CERAMIC: CARE Keeps D Debt Ratings in Not Cooperating
PRINTLAND DIGITAL: Insolvency Resolution Process Case Summary
PRITHVI PUMPS: CARE Keeps C Debt Rating in Not Cooperating

PROVENTUS AGER: CARE Keeps D Debt Rating in Not Cooperating
PURULIA METAL: Insolvency Resolution Process Case Summary
RAGHUPATI CONSTRUCTION: Insolvency Resolution Process Case Summary
RAJENDRA RICE: CARE Keeps C Debt Ratings in Not Cooperating
RAJSHREE IMPEX: CARE Lowers Rating on INR10.64cr LT Loan to D

RATHI HATCHERIES: CARE Keeps C Debt Rating in Not Cooperating
RATNAGIRI CHEMICALS: Liquidation Process Case Summary
RNP MARKETING: Liquidation Process Case Summary
ROLTA DEFENCE: Insolvency Resolution Process Case Summary
SAKTHI PAPERS: CARE Keeps D Debt Ratings in Not Cooperating

SAMAYPRA TECHNOSOLUTION: Insolvency Resolution Process Case Summary
SCHWEITZER SYSTEMTEK: Liquidation Process Case Summary
SEAJULI DEVELOPERS: CARE Keeps D Debt Rating in Not Cooperating
SHANTI HOSPITAL: CARE Keeps D Debt Rating in Not Cooperating
SR MARINE FOODS: Liquidation Process Case Summary

SRINIVASA POULTRY: CARE Keeps C Debt Rating in Not Cooperating
TATA MOTORS: S&P Upgrades LongTerm ICR to 'BB+', Outlook Positive
THRISSUR EXPRESSWAY: CARE Keeps D Debt Rating in Not Cooperating
TIRUMALA AGRO: CARE Keeps D Debt Rating in Not Cooperating
TOWNSHIP DEVELOPERS: NCLT Dismisses Piramal's Insolvency Plea

TRIUMVIRATE SONS : Insolvency Resolution Process Case Summary
VEBHAV YARNS: Insolvency Resolution Process Case Summary
VP BULLION: Insolvency Resolution Process Case Summary
YASHKIRTI TOURS: Liquidation Process Case Summary


N E W   Z E A L A N D

ADVANCING HOLDINGS: Creditors' Proofs of Debt Due on Dec. 9
AJMR & CO: Court to Hear Wind-Up Petition on Dec. 1
AROHA ENTERPRISES: Creditors' Proofs of Debt Due on Dec. 14
CENTRAL RETAIL: Court to Hear Wind-Up Petition on Dec. 1
UNIVERSAL PRECAST: Creditors' Proofs of Debt Due on Dec. 8



P H I L I P P I N E S

RURAL BANK OF TALISAY: Creditors' Claims Deadline Set Dec. 18


S I N G A P O R E

GOLDEN MOUNTAIN: Creditors' Proofs of Debt Due on Nov. 24
HALLMARK TRADERS: Commences Wind-Up Proceedings
NEW SILKROUTES: Court Hearing to Approve Scheme Moved to Dec. 1
SCG+ PRIVATE: Creditors' Proofs of Debt Due on Dec. 10
SIERRA TRADERS: Creditors' Meetings Set for Nov. 24


                           - - - - -


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A U S T R A L I A
=================

CAPPELLO NOMINEES: First Creditors' Meeting Set for Nov. 21
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Cappello
Nominees Pty Ltd and Renajack Pty Ltd will be held on Nov. 21,
2023, at 10:00 a.m. at the offices of WA Insolvency Solutions, a
division of Jirsch Sutherland at Suite 6.02, Level 6, 109 St
Georges Terrace in Perth and via teleconference facilities.

Jimmy Trpcevski and David Hurt of WA Insolvency Solutions, a
division of Jirsch Sutherland were appointed as administrators of
the company on Nov. 9, 2023.


CENTRAL COAST: First Creditors' Meeting Set for Nov. 21
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Central
Coast Manufacturing Pty Ltd will be held on Nov. 21, 2023, at 10:00
a.m. via Zoom videoconferencing.

Bradd William Morelli and Emma Marie Mos of Jirsch Sutherland were
appointed as administrators of the company on Nov. 9, 2023.


IAN STREET: Probe Into Miss Universe Australia's Parents Sought
---------------------------------------------------------------
News.com.au reports that a politician is calling for an "immediate"
investigation into Miss Universe Australia's parents after it
emerged that their failed businesses owe up to AUD45 million to
creditors.

News.com.au revealed last week that members of the public have
started a petition demanding Australia's Miss Universe
representative, Moraya Wilson, step down because of her links to
her family's businesses.

Then on Nov. 14, Matthew Guy, the member for Bulleen in Melbourne,
raked the Wilson family over the coals in a scathing address to
parliament during the adjournment debate, news.com.au relates.

"Many Victorians have been hurt financially and seek rightful
redress. It has gone on for too long," news.com.au quotes Mr. Guy
as saying in an extract that has now been tabled in Hansard.

According to news.com.au, Mr. Guy addressed his statement to the
Federal Assistant Treasurer and Federal Minister for Financial
Services, the Honourable Stephen Jones, who has ministerial
responsibility for the corporate regulator, the Australian
Securities and Investments Commission (ASIC).

He asked that ASIC "immediately reopen an investigation" and that
it be done "promptly for the sake of all the victims involved".

Melbourne-based Moraya is the daughter of two bankrupt property
developers, Anton and Melinda Wilson, with companies that,
according to ASIC, owe more than AUD45 million, including
approximately AUD21 million to the tax office, news.com.au says.

News.com.au relates that Moraya herself is also in ASIC's
crosshairs, as she is the sole director of 10 companies that the
watchdog is seeking to deregister.

She has denied any knowledge or involvement in the businesses to
news.com.au and said she was not actively involved in any of the 10
companies despite being listed as the director, claiming to have
now tendered her resignation.

Nicholas Crouch of insolvency firm Crouch Amirbeaggi, who is the
trustee in bankruptcy of Anton Wilson, alleges that the glamorous
Moraya was listed as the sole director of these 10 companies to
enable the family business to continue despite her parent's
bankruptcies.

Anton Wilson's "21-year-old daughter is now nominated as the
director of the family construction group", Mr. Crouch wrote in a
submission to a parliamentary inquiry into ASIC, lodged last year,
news.com.au recalls.

"It would appear the family business has not been disrupted by
strategic bankruptcies and liquidations."

This point was raised in parliament overnight, with Mr. Guy noting
"I note media reports that the daughter of these individuals, who
is currently overseas competing in the Miss Universe contest, is
the director of a number of companies linked to major unpaid debt
– which are also linked to her parents – to which she says she
has no knowledge of, yet she's listed director of an active
construction group of her own family and despite the same family
owing millions of dollars . . .

"It is not right that a number of companies linked to an individual
family continue to operate while millions of dollars in unpaid
debts remain outstanding."

Mr. Guy also revealed that ASIC had investigated Anton and Melinda
in the past but "bizarrely concluded" those investigations.

He claimed the corporate watchdog made "no serious attempt to seek
financial redress or to assist those who are seeking to attain
justice for Victorians who have lost a lot of money," News.com.au
relays.

When news.com.au contacted ASIC for the story last week, a
spokesperson said they could not comment on individual cases for
privacy reasons.

"How can it be that our regulatory authorities cannot commence or
reopen investigations into people who owe so much to so many,
including – as reported in the media – the Australian taxpayer,
via the Taxation Office," Mr. Guy added.

Speaking to news.com.au, Mr. Guy said "This is a serious matter
with many unanswered questions. ASIC and federal regulators owe it
to victims to do their job properly and recommence a proper
investigation".

The onus is now on the Honourable Stephen Jones to respond to the
question tabled in parliament.

In a statement to news.com.au, Moraya Wilson said she was not
actively involved in any of the 10 companies despite being listed
as the director.

She previously said she had "tendered my resignation from all of
the companies".

One of the companies Moraya is director of owes AUD13,204 to the
Australian Taxation Office, meaning it was operating and trading as
a business, news.com.au says.

Since the information relating to her parent's companies came to
light, a member of the public has started a petition on Change.org
calling for Moraya to hand back her tiara.

News.com.au relates that Moraya said she was aware there was a
Change.org petition calling for her to step down but she intended
to compete in the international pageant later this month
regardless.

"I have become aware of a petition," she previously told
news.com.au.

"I intend to fulfil my duties as Miss Universe Australia to the
best of my ability with the full support of The Miss Universe
Australia management."

Moraya touched down in El Salvador last week in preparation for the
international pageant which is being held on Nov. 18, the report
notes.

On March 22, 2022, the Australian Securities and Investments
Commission (ASIC) disqualified former property developers, Anton
Joseph Wilson and Melinda Jane Wilson of Hawthorn Victoria, from
managing corporations for five years due to their involvement in
numerous failed companies.

Mr. Wilson was a director of nine companies which entered into
liquidation between 2015 and 2020:

     * Ian Street Developer Pty Ltd (ACN 606 629 323)
     * Maemae Property Group Pty Ltd (ACN 137 982 408)
     * Barkley Place Investments Pty Ltd (ACN 133 308 460)
     * Global House Investments Pty Ltd (ACN 121 928 890)
     * Mider@MtHotham Pty Ltd (ACN 623 300 694)
     * Anacott Steel Pty Ltd (ACN 135 155 234)
     * Churchill Scwartz Pty Ltd (ACN 145 728 123)
     * Keller Zabel Pty Ltd (ACN 164 372 490)
     * Teldar Paper Property Group Pty Ltd (ACN 101879 734)

Mrs. Wilson was a director of five of those companies - Ian Street
Developer, Maemae Property Group, Barkley Place Investments, Global
House Investments and Mider@MtHotham.

Maemae Property Group, Barkley Place Investments, Global House
Investments, Mider@MtHotham, Anacott Steel, Churchill Scwartz,
Keller Zabel and Teldar Paper Property Group were in the building
and construction industry.

Ian Street Developer provided project management and consulting
services to the development of properties.

The total amount owed to creditors across all companies is
estimated to be more than AUD45 million, of which approximately
AUD21 million is owed to the ATO.


MTF WAREHOUSE 1: S&P Assigns BB(sf) Rating on Class E Notes
-----------------------------------------------------------
S&P Global Ratings assigned its ratings to four classes of notes
issued by Trustees Executors Ltd. as trustee of MTF Warehouse Trust
No.1. At the same time, S&P affirmed its rating on the class A
notes (previously named Warehouse notes). The notes are backed by
consumer credit and finance lease contacts originated by New
Zealand-based Motor Trade Finance Ltd.

The assigned ratings follow the execution of an amending deed that
introduces multiple changes, including the issuance of class B,
class C, class D, and class E notes with associated minimum
required credit enhancement factors. Changes to portfolio
parameters include increasing the maximum percentage of receivables
with a principal balance greater than NZ$70,000 to 10% from 7.0%,
increasing the maximum percentage of receivables with an original
loan term greater than 48 months to 40% from 35%, and decreasing
the maximum percentage of receivables deemed "high risk" to 10%
from 15%. The maximum receivable principal balance has also been
increased to NZ$200,000 from NZ$100,000.

The liquidity reserve funded via note overissuance has been
replaced with a liquidity facility provided by Westpac New Zealand
Ltd.

S&P's ratings reflect the following factors:

-- The credit risk of the underlying collateral portfolio and the
credit support provided for the rated notes in the form of
subordination and excess spread, which is commensurate with that
credit risk.

-- Documented eligibility criteria, portfolio parameters, and
amortization triggers govern the composition of the collateral
pool.

-- That all contract payments, including the residual or balloon
payments, are an obligation of the borrower. As a result, the trust
is not exposed to any market-value risk associated with the sale of
the motor vehicles (on performing receivables), which is a risk
that could be associated with other products, such as operating
leases.

-- The issuer's capacity to pay interest to the rated note holders
in full on each interest payment date, and to repay principal in
full no later than the final maturity date, under rating stresses
commensurate with the ratings assigned. Timely payment of senior
expenses and rated note interest is supported by the use of
principal collections and a liquidity facility. Before an
amortization event, the liquidity facility is sized at 1.0% of the
aggregate commitment of class A, class B, class C, class D, and
class E notes, subject to a floor of NZ$100,000. Following an
amortization event, the liquidity facility is sized at 1.0% of the
invested amount of the class A, class B, class C, class D, class E,
and subordinated note, subject to a floor of NZ$100,000.

-- The legal structure of the issuer, which is established as a
special-purpose entity and meets S&P's criteria for insolvency
remoteness.

-- S&P said, "Our ratings take into account the counterparty
support provided by Bank of New Zealand as bank account provider,
Westpac New Zealand Ltd. as liquidity facility provider, as well as
Commonwealth Bank of Australia and Westpac Banking Corp. as
interest-rate swap providers. Fixed- to floating-rate interest-rate
swaps are provided to hedge the mismatch between the fixed-rate
payments on the receivables and the floating-rate interest payable
on the notes. The transaction documents for the swap and bank
accounts include downgrade language consistent with our
"Counterparty Risk Framework: Methodology And Assumptions"
criteria, published on March 8, 2019, which requires the
replacement of the counterparty or other remedy, should its rating
fall below the applicable rating."

  Ratings Assigned

  MTF Warehouse Trust No.1

  Class B, up to NZ$20.14 million: AA (sf)
  Class C, up to NZ$19.54 million: A (sf)
  Class D, up to NZ$13.62 million: BBB (sf)
  Class E, up to NZ$10.07 million: BB (sf)

  Rating Affirmed

  MTF Warehouse Trust No.1

  Class A (previously named Warehouse), up to NZ$520.0 million: AAA
(sf)


PROFIX REINFORCEMENT: Second Creditors' Meeting Set for Nov. 21
---------------------------------------------------------------
A second meeting of creditors in the proceedings of Profix
Reinforcement Pty Ltd has been set for Nov. 21, 2023 at 3:00 p.m.
at the offices of Hamilton Murphy Advisory at Level 21, 114 William
Street in Melbourne and via teleconference facilities.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Nov. 20, 2023 at 4:00 p.m.

Stephen Dixon of Hamilton Murphy Advisory was appointed as
administrator of the company on Oct. 16, 2023.


ROYAL AUTOMOBILE: Car Club Faces Collapse as it Posts AUD770K Loss
------------------------------------------------------------------
The Australian Financial Review reports that Sydney's exclusive
Royal Automobile Club of Australia is verging on collapse after
auditors warned there was "material uncertainty" and "significant
doubt" it could pay off debts.

According to the Financial Review, the warning came as the club
posted a AUD770,000 loss in financial year 2023, and its 1,600
members - down from 1,800 last year - prepare to vote on the board
of directors, led by Helm Advisory liquidator Stephen Hathway.

The accounts were signed off by Rothsay, which delivered the bleak
assessment after the club's previous auditors, Walker Wayland,
resigned earlier this year after alerting the board to concerns the
club may be trading while insolvent.

"Uncertainty exists that may cast significant doubt on the
company's ability to continue as a going concern," said the report
of Rothsay director Graham Webb, the Financial Review relays.

"Therefore, the company may be unable to realise its assets and
discharge its liabilities in the normal course of business."

Founded in 1903, RACA sits on valuable, heritage-listed real estate
at 89 Macquarie Street, revalued from AUD4.8 million to AUD120
million as of June, financial filings show. It is no stranger to
dysfunction - eight directors have resigned this year, and its
ex-CEO is suing the club in the Federal Court.

The Financial Review says the members-only club costs at least
AUD2,500 for those based in Sydney, and has reciprocal arrangements
with the exclusive men-onlyAthenaeum Club in Melbourne and
Canberra's Commonwealth Club among others both in Australia and
internationally.

Cash outflows blew out from AUD208,000 to AUD1.39 million over the
year to June, yet a new AUD3 million loan from non-bank lender
Guardian Financial to repay "pre-existing Westpac bank facilities
and provide the company with ongoing working capital" ensured RACA
had cash in the bank at the end of the year.

According to the Financial Review, Walker Wayland told the board in
March they should seek "safe-harbour" provisions, which protect
directors from legal action when restructuring companies that are
potentially trading while insolvent.

"As your statutory auditor, we have obligations to the Australian
Securities and Investment Commission . . . to report any suspected
or actual breaches of the corporations act, and this obligation
includes potential insolvent trading," Walker Wayland partner Wali
Aziz emailed the board on March 14.

The email, obtained by The Australian Financial Review, told the
board what they required to prevent insolvent trading. Mr. Aziz
requested more documents "to form my view as to whether the club is
trading while insolvent".

The Financial Review does not suggest the company was trading while
insolvent, or that any other directors' duties have been breached.

A source with knowledge of the discussions said Walker Wayland
resigned in June, though the club publicly informed members in
September.

The Financial Review relates that Mr. Hathway said Walker Wayland
was rotated out after more than 15 years servicing the club, and
that the auditor's resignation was only a procedural matter.

"Most auditors should get themselves rotated every four to five
years, and the new board and me as president decided it was time to
put it out tender," the report quotes Mr. Hathway as saying.

"Every auditor has to raise their concerns, but that there won't be
a creditor unpaid."

He rejected any suggestion the club may have been trading while
insolvent.

"I am a registered liquidator. I know the definition of insolvent
trading," Mr. Hathway said. "You are entitled to borrow to meet
your obligations, and someone was prepared to lend to us so we can
meet the day-to-day obligations of the club."

The Financial Review adds that the directors argued the company
could continue as a going concern based on its forecasts and the
Guardian loan in the financial filings. Longer-term, the viability
of the club relied on "increasing member numbers, especially
younger members".

They said the club would consider "the sale or development" of its
heritage floor space among "other property considerations to
provide material funding for restoration . . . and internal
conservation works".

"The club has a design concept for adding eight part floors of
hotel rooms that is before the authorities for consideration," the
directors said.

"If successful, the proposal would provide the opportunity for
additional development of the club building to financially benefit
the club."

Mr Hathway, who is standing for re-election at RACA's annual
meeting on November 30, after joining the board in 2021, said he
was "absolutely" confident the club would survive, THE FINANCIAL
REVIEW relays.

"We are confident that we can in time master that debt and build a
more viable club that has facilities and venues that more suit the
contemporary members," he told the Financial Review.

"Nobody is pretending that the balance sheet is not what it is," he
said. "But there won't be a creditor unpaid. Think of the numbers -
we have an asset worth AUD120 million and all we have to repay is
AUD3 million."

He explained the property was revalued 30-times higher because of
the strength of the property market and sale values of equivalent
buildings in the area.

"We are confident that we can in time master that debt and build a
more viable club that has facilities and venues that more suit the
contemporary members."

Voting for the board elections opened last week, with the results
to be finalised at the AGM, the Financial Review adds.


SAPPHIRE XXVIII 2023-2: Moody's Gives (P)B2 Rating to Cl. F Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned the following provisional
ratings to the notes to be issued by Permanent Custodians Limited
as trustee of Sapphire XXVIII Series 2023-2 Trust.

Issuer: Permanent Custodians Limited as trustee of Sapphire XXVIII
Series 2023-2 Trust

AUD[544.20] million Class A Notes, Assigned (P)Aaa (sf)

AUD[18.00] million Class B Notes, Assigned (P)Aa2 (sf)

AUD[11.40] million Class C Notes, Assigned (P)A2 (sf)

AUD[6.60] million Class D Notes, Assigned (P)Baa2 (sf)

AUD[7.20] million Class E Notes, Assigned (P)Ba2 (sf)

AUD[6.00] million Class F Notes, Assigned (P)B2 (sf)

The AUD[4.80] million Class G1 Notes and AUD[1.8] million Class G2
Notes are not rated by Moody's.

The transaction is an Australian residential mortgage-backed
securities (RMBS) secured by a portfolio of first-ranking prime and
non-conforming residential mortgage loans. All loans were
originated by Bluestone Group Pty Limited or Bluestone Mortgages
Pty Limited (Bluestone, unrated) and are serviced by Bluestone
Servicing Pty Limited (Bluestone Servicing, unrated).

Bluestone as of September 30, 2023 manages AUD12.4 billion across
its Australia and New Zealand businesses, including AUD3.7 billion
of mortgage loans originated or acquired by Bluestone in Australia.
Bluestone was originally established in Australia in 2000 as a
non-conforming specialist lender offering loans to borrowers with
adverse credit histories, self-employed borrowers and loans on an
alternative documentation basis. Since then, Bluestone had expanded
its product offering, most recently to include prime mortgage
products.

RATINGS RATIONALE

The provisional ratings take into account, among other factors, the
evaluation of the underlying receivables and their expected
performance, the evaluation of the capital structure and credit
enhancement provided to the notes, the availability of excess
spread over the life of the transaction, the liquidity facility in
the amount of 1.5% of the note balance, the legal structure, the
experience of Bluestone Servicing as the servicer and the presence
of AMAL Asset Management Limited as a back-up servicer.

According to Moody's, the Class A Notes benefit from 9.3%
subordination compared with 8.7% MILAN CE and the transaction
benefits from a good level of excess spread available to cover
losses.

Key transactional features are as follows:

-- The trust will issue eight classes of notes to purchase the
portfolio. The issuer will distribute principal collections
sequentially first, starting from Class A Notes. The trust will
follow a pro-rata repayment profile once step-down criteria are
met, with an exception that payment that could be allocated to the
Class G Notes will be used to repay the next most junior class of
notes instead, i.e. starting from the Class F Notes. Step-down
criteria include, among others, no unreimbursed charge-offs on any
of the notes listed above, no unreimbursed principal draws,
subordination percentage of the Class A Notes has at least doubled,
90+ day arrears is less than 6.0%, and the payment date is at least
2 years after closing date and is before the first call date.

-- The trust will switch back to repay the notes' principal
sequentially on or after the call date. The call date is the date
which is the earlier of the payment date in November 2027 or when
the aggregate pool balance is reduced to an amount equal to or less
than 20% of the aggregate pool balance as of the cutoff date in
September 2023.

-- The trust will accumulate certain excess interest collections
in a yield enhancement reserve prior to the call date, up to a
certain target balance, and use it to repay the most junior rated
notes after Class A Notes is fully repaid, i.e. starting from the
Class F Notes. After the yield enhancement reserve is built up to
the target balance, the issuer will apply certain remaining
interest collections to repay the most junior rated notes up to a
certain target amount, i.e. starting from Class F Notes, on each
payment date prior to the call date.

-- The servicer is required to maintain the weighted-average
interest rate on the mortgage loans of at least 3.60% above the
one-month bank bill swap rate (BBSW), and a rate that is sufficient
for the trust to pay its required payments plus 0.25%, both of
which are within the current portfolio yield of 8.02% as of pool
cut date of September 30, 2023.

Key model and portfolio assumptions:

Moody's MILAN CE — representing the loss that Moody's expects the
portfolio to suffer in the event of a severe recession scenario —
is 8.7%. Moody's expected loss for this transaction is 1.5%.

Key pool features are as follows:

-- Based on Moody's classifications, the pool has a
weighted-average scheduled loan-to-value (LTV) ratio of 68.1% and
around 11.2% of the loans have a scheduled LTV ratio over 80.0%.

-- The pool has a relatively high weighted average seasoning of
22.2 months.

-- Based on Moody's classifications, the portfolio contains 69.2%
of loans extended on the basis of alternative documentation, with a
further 0.6% extended on the basis of low documentation.

-- Around 69.6% of the loans in the portfolio were extended to
self-employed borrowers.

-- Based on Moody's classifications, the portfolio contains around
15.3% of loans to borrowers with prior adverse credit histories
(default, judgment or bankruptcy). Moody's assesses these borrowers
as having a significantly higher default probability.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Residential
Mortgage-Backed Securitizations methodology" published in October
2023.

Factors that would lead to an upgrade or downgrade of the ratings:

A factor that could lead to a downgrade of the notes is
worse-than-expected collateral performance. Other reasons for
performance worse than Moody's expects include poor servicing,
error on the part of transaction parties, a deterioration in credit
quality of transaction counterparties, fraud and lack of
transactional governance.


ULTIMATE KITCHENS: Home Renovation Firm Collapses Into Liquidation
------------------------------------------------------------------
7NEWS.com.au reports that a Victorian home renovation company,
which specialises in bathroom and kitchen construction, has
collapsed leaving dozens of home owners with unfinished
renovations.

Ultimate Kitchens & Bathrooms, based in Hawthorne in Melbourne's
inner suburbs, entered liquidation on October 31, 7NEW discloses
citing an ASIC listing.

Since the news of the shock collapse, a number customers said they
have been left with half-finished projects, 7NEWS.com.au relates.

Earlier in the month, Consumer Affairs Victoria issued a public
warning in relation to Ultimate Kitchens & Bathrooms after an
"influx of concerning contacts relating to the company's
operations".

According to 7NEWS.com.au, the consumer body alleged the company
had received payments for kitchen and bathroom renovations but
failed to fulfil contracts while also failing to respond to
customers.

"We understand this will be a stressful time for many people who
have contracts or unfinished works with Ultimate Kitchens &
Bathrooms," Consumer Affairs Victoria told 7NEWS.com.au.

"Consumer Affairs Victoria is monitoring this situation closely to
ensure impacted consumers are aware of their options.

"These include contacting the domestic building insurer and lodging
a claim with the liquidator."

Dozens of frustrated customers have left one-star reviews of the
business.

"Like so many others I have been left with a half-finished project
and limited options for getting it completed," one person said.

"My experience with UKB has been nothing short of a nightmare,"
another said.

"Handed over a huge amount of money for the deposit in July - they
promised a project plan within weeks - three months later and we
have nothing," another said.

Anyone who has been affected by the liquidation of Ultimate
Kitchens & Bathrooms can contact Consumer Affairs Victoria for more
information, 7NEWS.com.au notes.


WELLINGTON STREET: Second Creditors' Meeting Set for Nov. 22
------------------------------------------------------------
A second meeting of creditors in the proceedings of Wellington
Street Investments Pty Ltd has been set for Nov. 22, 2023 at 11:00
a.m. via virtual meeting only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Nov. 21, 2023 at 12:00 p.m.

Manuel Hanna and Renee Di Carlo of Romanis Cant were appointed as
administrators of the company on Oct. 17, 2023.


WET FIX: Second Creditors' Meeting Set for Nov. 21
--------------------------------------------------
A second meeting of creditors in the proceedings of Wet Fix
Holdings Pty Limited has been set for Nov. 21, 2023 at 10:00 a.m.
at the offices of B&T Advisory at Level 19, 144 Edward Street in
Brisbane.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Nov. 20, 2023 at 4:00 p.m.

Travis Pullen of B&T Advisory was appointed as administrator of the
company on Oct. 17, 2023.




=========
C H I N A
=========

AMER INT'L: Wang Hit By Court-Ordered Freeze on Shares
------------------------------------------------------
Forbes reports that a Chinese court has issued an order to freeze
all of the shares that billionaire Wang Wenyin holds in his
privately held metals giant Amer International Group.

The Qingdao Intermediate People's Court ordered a three-year freeze
on Wang's 90% stake in Amer Holding, the parent company of Amer
International Group, Forbes discloses citing Chinese company
database Qichacha. The order was issued on October 24, but the
reasons for the action were not disclosed in the filing. The court
order itself was also not available on China's official legal
database, Forbes says.

In the days following the court's decision, Wang stepped down as
chairman of Shenzhen Amer, a subsidiary of Amer Holding, Qichacha's
filings show. Wang continues to serve as executive director of Amer
Holding, Forbes relates.

According to Forbes, Wang, who was ranked at No.14 with a fortune
of $12.7 billion among China's richest, is now worth substantially
less. Based on the new information about the strictures, Forbes
estimates his current net worth to be $6.7 billion, after applying
a discount to the value of Wang's shareholding in Amer, which
accounts for the bulk of his wealth. Wang did not respond to a
request for comment.

Forbes relates that Shen Meng, managing director of Beijing-based
boutique investment bank Chanson & Co, said that Wang may have
failed to repay loans that were secured by pledging his shares in
Amer Holding as collateral, prompting creditors to take action.

Amer has been no stranger to controversy in recent years, Forbes
notes. Local media outlets have reported that the company has a
history of overpromising and underperforming on some of its
projects. According to Hongxing News, Amer failed to complete an
industrial park in the port city of Nantong, a project the company
said previously would have a planned CNY30 billion ($4.1 billion)
investment in partnership with the local government, Forbes
relays.

In recent months, Wang became embroiled in contractual disputes and
was temporarily ordered by local courts to refrain from making any
extravagant purchases, according to Forbes. Chinese courts will
often impose such restrictions on people who have defaulted on
orders to repay their debts. The orders effectively bar them from
making any non-essential purchases. These restrictions imposed on
Wang have since been lifted.

Dubbed the "king of copper," Wang was born in inland China and went
to coastal Shenzhen to seek opportunities in 1993 with CNY400 in
his pocket. He set up Amer International in the mid-1990s and has
since then grown it into China's leading copper and cable supplier.
The company claims to have generated more than $90 billion of
revenue in 2022, with operations spanning Asia, Europe and the
U.S.

According to Forbes, Wang entered the ranks of China's richest a
decade ago and rose to become China's fifth richest person with a
net worth of $12.1 billion in 2015, the year when he accompanied
Chinese President Xi Jinping to the United Nations' 70th
anniversary ceremony summit in New York. His wealth peaked at $18.3
billion in 2021.

Forbes adds that Wang is also known to be a close ally of Hui Ka
Yan, the founder of embattled property developer China Evergrande.
Amer in 2017 agreed to buy a 1.2% stake in an Evergrande unit for
CNY5 billion, and in 2020, Wang was photographed at an Evergrande
signing ceremony for a placement agreement that helped the real
estate developer get through a cash crunch at the time.

Amer International Group Company Limited produces and distributes
non-ferrous metals. The Company offers tungsten, tin, copper,
molybdenum, silver, and bismuth.


DALIAN WANDA: Backers Reject Initial Offer for Repayment Delay
--------------------------------------------------------------
Bloomberg News reports that investors in Dalian Wanda Group Co.'s
mall unit have turned down an initial proposal by the company to
delay the repayment of CNY30 billion (US$4.1 billion) plus interest
due by year-end, according to people familiar with the matter.

Wanda proposed repaying investors in Zhuhai Wanda Commercial
Management Group Co. via installments over four years, while
offering a more than 20% stake in the unit as collateral, Bloomberg
relates citing the people said, asking not to be identified
discussing private information.

Dalian Wanda Group Co., Ltd. operates real estate business. The
Company develops commercial property including commercial centres,
urban pedestrian streets, hotels, office buildings, and apartments.
Dalian Wanda Group also operates tourism investment, cultural, and
department store businesses.




=========
I N D I A
=========

A.M. DISTRIBUTORS: CARE Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of A.M.
Distributors (AD) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.14       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      0.35       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 14,
2022, placed the rating(s) of AD under the 'issuer non-cooperating'
category as AD had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. AD continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
August 30, 2023, September 9, 2023, September 19, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

A.M. Distributors (AD) was established as a partnership firm by Mr.
M. Mohammed Basheer and Mr. N. Abuty in 2005 with a profit-sharing
ratio of 50:50. Later in 2011, the partnership was reconstituted
among Mr. M. Mohammed Basheer, Mr. N. Abuty, Ms. Rajeena, Ms. C.P.
Fousiyabi and Mr. Faheem Nellamcheri with profit sharing ratio of
25:15:25:15:20 respectively. AD is working as an authorised dealer
in sale of car accessories for the supplier namely Pioneer India
Electronics (P) Ltd., Harmon International Industries, Focal etc.
The firm purchases speaker, home theatre etc. from the supplier and
sells them on wholesale basis to retail shops in Kerala. The firm
is also engaged in providing car related services like wheel
alignment, wheel balancing, nitrogen filling etc. The firm owns a
show room at Edapally in Ernakulam (Kerala) with a storage capacity
of car accessories worth Rs.2.50 crore. AD has a registered office
at Palarivattom in Cochin, Kerala.


AAVAS FINSERV: Voluntary Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Aavas Finserv Limited
203-205, 2nd Floor, Southend Square
        Mansarovar Industrial Area,
        Jaipur, Rajasthan, India 302020

Liquidation Commencement Date: November 3, 2023

Court: National Company Law Tribunal Jaipur Bench

Liquidator: Mukesh SOni
     Narayan Niwas, 2/541, Malviya Nagar,
            Jaipur-302017
            Email: rpsonim@gmail.com
            Email: rpsonim.aavas@gmail.com
            Mobile No: +91-141-2526059
            Mobile No: +-9828406609

Last date for
submission of claims: December 12, 2023


ADM SOLAR: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of ADM Solar
Power and Infrastructure Private Limited (ASPIPL) continues to
remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.15       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 10,
2022, placed the rating(s) of ASPIPL under the 'issuer
non-cooperating' category as ASPIPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement.

ASPIPL continues to be non-cooperative despite repeated requests
for submission of information through e-mails, phone calls and a
letter/email dated August 26, 2023, September 5, 2023, September
15, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Delhi based ASPIPL was incorporated in April, 2017 and commenced
its commercial operations in March 2018. It is currently being
managed by Mr. D.K. Yadav and Mr. Mohit Yadav. The company is
engaged in manufacturing of solar panels, Junction box, batteries,
wires etc. It also provides installation and annual maintenance
services.


ARPITA FILAMENTS: Liquidation Process Case Summary
--------------------------------------------------
Debtor: M/s Arpita Filaments Private Limited
4/3310, H.K Street Beganpura Zampa Bazar,
        Surat, Gujarat, India 395003

Liquidation Commencement Date: October 25, 2023

Court: National Company Law Tribunal Ahmedabad Bench

Liquidator: Mr.Pragnesh Mahendralihal Jagasheth
     Office 302, 3rd Floor Vijaynagar,
            Gate No. -1 Majura Gate,
            Ring Road, SIDS Hospital
            Surat-395001
            Email: jagasheth@gmail.com
            Email: liquidation.arpita@gmail.com

Last date for
submission of claims: November 24, 2023


BHAVYA INFRASTRUCTURES: Liquidation Process Case Summary
--------------------------------------------------------
Debtor: Bhavya Infrastructures(Inda) Private Limited
504, Lopez Residencies, B-Wing
        Plot Bearing CTS 771 to 4 Mandpeshwar Vil Dahisar
        West, Mumbai City,
        Mumbai-400068 (Maharashtra)

Liquidation Commencement Date: October 17, 2023

Court: National Company Law Tribunal, Mumbai Bench-I

Liquidator: Gautam Singhal
     C-35, Ground Floor, Vivek Vihar,
            Phase-1, New Delhi-110095
            Email: gautam@klfindia.com

            Unit No.112, First Floor, Tower-A,
            Spazedge Commercial Complex,
            Sector-47 Sohna Road,
            Gurgaon-122018
            Email: liq.bhavyainfra@gmail.com

Last date for
submission of claims: November 16, 2023

CHHATRAPATI AGRO: Liquidation Process Case Summary
--------------------------------------------------
Debtor: Chhatrapati Agro Food Manufacturing Company Limited
Bldg No - A1, Flat No. 1,
        Sr. No. 73/6/6, New Torana Classic,
        Nr Narayani Dham, Katraj,
        Pune - 411046, Maharashtra

Liquidation Commencement Date: October 3, 2023

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Fanendra H Munot
     Flat No. 1002, 10th Floor,
            'C' Wing, Prathamesh Darshan,
            Ghatkopar East, Opp. Railway Station,
            Mumbai - 400075
            Email: fhmunot@gmail.com

            5th Floor, Labhade Prestige, Off Karve Road,
            Deccan Gymkhana, Pune 411004
            Email: liquidation.chhatrapatiagro@gmail.com
            Cellphone No.: 7378559292

Last date for
submission of claims: November 21, 2023


CHOU SENKO: Liquidation Process Case Summary
--------------------------------------------
Debtor: Chou Senko Advertising India Private Limited
Eco House 401/402/403,
        Vishweshwar Nagar Off Aarey Road,
        Mumbai City Goregaon East,
        Maharashtra-400063, India

Liquidation Commencement Date: October 17, 2023

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Manoj Kumar
     C-0305, ATS Advantage, Indrapuram,
            Ghaziabad, Uttar Pradesh-201014 India
            Email: manojjain264@gmail.com
                   liquidation.chousenko@gmail.com
  
Last date for
submission of claims: November 16, 2023


DABANG METAL: CARE Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Dabang
Metal Industries (DMI) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.95       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
  
Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 4,
2022, placed the rating(s) of DMI under the 'issuer
non-cooperating' category as DMI had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. DMI
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 20, 2023, September 30, 2023, October
10, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Kotdwar (Uttrakhand) based, Dabang Metal Industries (DMI) was
established as partnership firm in February 2012 by Mr. Vishal
Tayal, Mr. Mahender Jain, Mr. Sachin Gupta, Mr. Sharad Alan and Mr.
Sunil Gupta. The firm commenced its commercial operation from
February, 2013. The firm is engaged in drawing of copper wires of
thickness of 1 mm to 6 mm which finds its application in electrical
cable industry.


DARODE JOG: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Darode Jog Realities Private Limited
1212, Darode-Jog House Apte Road,
        Deccan Gymkhana, Pune,
        Maharashtra, India, 411004

Insolvency Commencement Date: October 20, 2023

Estimated date of closure of
insolvency resolution process: April 17, 2024

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: Akansha Ashish Rathi
       19/503, NRI Complex, Sector 54, 56, 58,
              Seawood, Nerul Navi Mumbai, Maharashtra, 400706
              Email: rathiakansha83@gmail.com

              Office No B- 508, Mahaavir lcon Plot No 89,
              Sector 15, CBD Belapur,
              Navi Mumbai, Maharashtra, 400614, India
              Email: irp.darodejog@gmail.com

Representative of
Creditors in a Class:

              1. Satya Narayan Baheti
              2. Dipika Biyani
              3. Mangesh Mukund Deokar Bhosale

Last date for
submission of claims: November 3, 2023

DASHMESH RICE: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Dashmesh
Rice Mills (Tarn Taran) (DRMT) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 2,
2022, placed the rating(s) of DRMT under the 'issuer
non-cooperating' category as DRMT had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. DRMT
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 18, 2023, September 28, 2023, October
8, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

DRM was established in 2001 as a partnership firm and is currently
being managed by Mr Prem Singh, Mr Dalip Singh and Mr. Harjit
Singh. The firm is engaged in the processing of paddy at its
manufacturing facility located at Tarn Taran, Punjab.


DHURIA RICE: CARE Keeps C Debt Rating in Not Cooperating
--------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Dhuria
Rice Mill (DRM) continue to remain in the 'Issuer Not Cooperating'
category.
                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.50       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 2,
2022, placed the rating(s) of DRM under the 'issuer
non-cooperating' category as DRM had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. DRM
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 18, 2023, September 28, 2023, October
8, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Dhuria Rice Mills (DRM) was established in 1978 as a partnership
firm and is currently being managed by Mr Ashok Kumar and Mr Arun
Kumar sharing profit and losses equally. DRM is engaged in
processing of paddy at its manufacturing unit located at Fazilka,
Punjab.


DURLAX TOP: CARE Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Durlax Top
Surface Private Limited (DTSPL) continue to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      24.20       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/          10.00       CARE D/CARE D; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category

   Short Term Bank      0.80       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
  
Rationale and Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 04,
2022, placed the rating(s) of DTSPL under the 'issuer
non-cooperating' category as DTSPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. DTSPL continues to be noncooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 20, 2023, August 30,
2023, September 9, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Mumbai (Maharashtra) based, Durlax Top Surface Private Limited
(formerly Durlax India Private Limited) incorporated in the year
2010 is managed by Mr Shravan L Suthar, Mr Lalit L Suthar, Mr
Pankaj L Suthar, Mr Laxmichand L Suthar and Mr Amit Vyas. The
company is engaged in the manufacturing and trading of acrylic
solid surface sheets and adhesive. The manufacturing facility of
the company is located at Valsad, Gujarat. The product of the
company i.e., solid surface sheets and adhesives is primarily used
as a countertop surface and is used in residential, hospitality,
commercial and industrial settings.


GO FIRST: Says Lessors Tactically Using Different Forums vs. Firm
-----------------------------------------------------------------
Livemint.com reports that the legal conflict involving Go First has
taken a strategic turn, with the lessors using different forums to
put a spoke in the wheels of the airline's efforts to resume
operations, the counsel representing the airline told Delhi High
Court on Nov. 10.

According to Livemint.com, some lessors have filed writ petitions
in the High Court, a few others are involved in the National
Company Law Tribunal (NCLT) proceedings, and a faction has taken
their grievances to the National Company Law Appellate Tribunal
(NCLAT). In fact, the single bench of the HC has had difficulties
in distinguishing lessors involved in the High Court proceedings
from those merely participating in the cases before the tribunals.

The court deferred the case to November 30, Livemint.com notes.
Senior counsel Neeraj Kishan Kaul appearing on behalf of the
airline, argued that if the Delhi HC order goes against the
moratorium, allowing lessors to reclaim the aircraft, but the NCLT
decides otherwise, it will create a jurisdictional conflict.

Livemint.com relates that Kaul said Go First's stance is that NCLT
should be the sole authority to decide on moratorium, and the High
Court must not interfere with its proceedings, as the issue was of
voluntary insolvency, leading to the NCLAT's imposition of a
moratorium on May 10. Issues related to deregistration,
termination, maintenance and moratorium, raised by the lessors in
writ petitions, were addressed by the NCLT as well as NCLAT, and
the NCLAT observed that lessors must pursue their cases in the NCLT
as it is the appropriate forum.

While the lessors urged the court to issue an order for aircraft
deregistration, as the aviation regulator's clarification may have
nullified the case, Kaul said DGCA cannot act against NCLT's
mandate and has not taken any action on the lessors' pleas, or
acknowledge its jurisdictional boundaries, Livemint.com relays.

Livemint.com says the airline reiterated that IBC is meant to
revive a company, and in the case of an airline, it's the aircraft
on which the airline relies for survival. If these are taken from
us, how is the airline going to revive itself?

During the last proceeding in the case, Go First opposed the
Directorate General of Civil Aviation's (DGCA) view that the
government's order exempting leased aircraft from the Insolvency
and Bankruptcy (IBC) process will be applicable retrospectively,
according to Livemint.com.

DGCA on November 1 had clarified, as part of a writ petition
proceedings, that it views the latest changes made by the ministry
of corporate affairs on October 3 with respect to the recovery of
aircraft during insolvency as retrospective in nature, Livemint.com
relays.

In a October 3 notification, the government declared that the
provisions of Section 14(1) of IBC, which imposes a moratorium upon
the admission of an insolvency plea, shall not apply to
transactions, arrangements, or agreements related to aircraft,
aircraft engines, airframes, and helicopters.

Go First's lessors are leveraging this amendment to their advantage
in tribunals and courts to repossess their assets from the airline,
Livemint.com notes. Nevertheless, delays are happening in the NCLT
as well due to changes in the composition of the NCLT bench
handling the case.

                           About Go First

Go First, formerly known as GoAir, was an Indian ultra-low-cost
airline based in Mumbai, Maharashtra.  Go First was incorporated in
April 2004 as GoAir and commenced flight operations in November the
following year. Its inaugural flight was from Mumbai to Ahmedabad.
The airline is owned by the Wadia Group.

Go First filed an application for voluntary insolvency resolution
proceedings before National Company Law Tribunal (NCLT) on May 2,
2023.

The company said the filing with the NCLT comes after Pratt &
Whitney, the exclusive engine supplier for the airline's Airbus
A320neo aircraft fleet, refused to comply with an order to release
engines to the airline that would have allowed it return to full
operations.

Go First owes INR6,521 crore to its financial creditors, Bank of
Baroda, IDBI Bank, and Deutsche Bank. The airline has a total
liability of about INR11,463 crore to banks, other creditors,
vendors, and others.

On May 10, 2023, the NCLT accepted Go First's voluntary insolvency
petition.  The NCLT bench appointed Abhilash Lal as the interim
resolution professional to look after the affairs of Go First and
also suspended its board as part of the insolvency resolution
process.


JINDAL TIMBER: CARE Keeps C Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Jindal
Timber & Plywood Private Limited (JTPPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       4.00       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank     14.00       CARE A4; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 6,
2022, placed the rating(s) of JTPPL under the 'issuer
non-cooperating' category as JTPPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. JTPPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 22, 2023, September 11,
2023, October 31, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Karnal-based (Haryana) JTPPL was incorporated in 2009 and is
promoted by Mr. Ramesh Jain and supported by his son Mr. Dinesh
Jain. The business operations were originally being carried under a
proprietorship firm "Jindal Cement Jali Works" (JCJW) which was
established by Mr. Ramesh Jain in 1976. Subsequently in 2009, the
business operations were taken over by JTPPL. JTPPL is engaged in
trading and sawing of timber and allied products such as plywood,
door skins etc. JTPPL has its registered office located at Karnal,
Haryana with its branch office at Gandhidham, Gujarat.


JUHI INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Juhi
Industries Private Limited (JIPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      219.10      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
  
Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated September 28,
2022, placed the rating(s) of JIPL under the 'issuer
non-cooperating' category as JIPL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. JIPL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated August 14, 2023, August 24, 2023, September 3,
2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

JIPL, incorporated in October 1998, is promoted by Mr Mithilesh
Pandey and Mr. Sanjay Kumar Shah. JIPL is engaged in the business
of manufacturing TMT bars at its plant located in Saraikela,
Jharkhand having an installed capacity of 96,000 MTPA, having a
light section mill (24,000 MTPA), pipe plant (80,000 MTPA) and
Galvanising plant (30,000 MTPA). The Company sells its products in
the local market through a network of dealers under the regionally
known brand name "Ultrashakti". The board of directors consists of
promoter directors, Mr Mithilesh Pandey (Chairman) and Mr. Sanjay
Kumar Shah.


KALYAN VAIJINATHRAO: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Kalyan
Vaijinathrao Kale (KVK) continues to remain in the 'Issuer Not
Cooperating' category.
                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       2.96       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 18,
2022, placed the rating(s) of KVK under the 'issuer
non-cooperating' category as KVK had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. KVK
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 3, 2023, September 13, 2023, September
23, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Established in 2016, Kalyan Vaijinathrao Kale (KVK) is an
Aurangabad (Maharashtra) based firm promoted by Mr. Kalyan
Vaijinathrao Kale. The firm is engaged in sale of milk. The dairy
farm of the firm is located at Aurangabad District, Maharashtra.


KHATEMA FIBRES: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Khatema Fibres Limited

Regd Office:
        UPSIDC Industrial Area
        Lohia Head Road Khatema
        (Udham Singh Nagar) UR-262308

        Principal Office:
        403-405, Vikasdeep Building,
        District Centre Laxmi Nagar Delhi-110092

Insolvency Commencement Date: October 13, 2023

Estimated date of closure of
insolvency resolution process: April 10, 2024

Court: National Company Law Tribunal, Allahabad Bench

Insolvency
Professional: Mr. Satya Prakash Gupta
       KBDS & Co.
              808, Eros Apartment,
              56 Nehru Place, New Delhi,
              National Capital Territory of Delhi, 110019
              Email: spgfinance@gmail.com

              405 New Delhi House,
              27 Barakhamba Road,
              Connaught Place, New Delhi-110001
              Email: cirpkhatema@gmail.com

Last date for
submission of claims: November 1, 2023


KONKAN MINERALS: Liquidation Process Case Summary
-------------------------------------------------
Debtor: Konkan Mineral Private Limited
Plot No. 11B, Bethora Industrial Estate,
        Bethora Ponda Goa 403401

Liquidation Commencement Date: October 11, 2023

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Ajay Amrutlal Mutha
     Raj-Prem, Imarat Company,
            M.G. Road Ahmednagar,
            Maharashtra 414001
            Email: caajaymutha@gmail.com

            Incorp Restructing Services LLP
            405-407, Hind Rajasthan Building,
            D.S. Phalke Road, Dadar East, Mumbai 400014
            Email: liq.konkanminerals@gmail.com

Last date for
submission of claims: November 10, 2023


MAHIP INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Mahip
Industries Limited (MIL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      23.72       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated August 10,
2022, placed the rating(s) of MIL under the 'issuer
non-cooperating' category as MIL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. MIL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated June 26, 2023, July 5, 2023, July 6, 2023, July
16, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

MIL (CIN No. U15549GJ1995PLC028116) was promoted as Care Beverages
(India) Ltd. in 1995 by Mr. Rajiv Agrawal & his family members.
Subsequently, its name was changed to Care Corupack Ltd. in 2001
and to Mahip Industries Ltd. (listed on BSE SME, Quote No. 542503)
in 2018. MIL is engaged in manufacturing of corrugated boxes,
stiffeners, plates and rolls. Its manufacturing unit is located
near Dholka-Bagodara highway in Gujarat.


MAITHAN ISPAT: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Maithan
Ispat Limited (MIL) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      576.37      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank     131.48      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated September 14,
2022, placed the rating(s) of MIL under the 'issuer
non-cooperating' category as MIL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. MIL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 31, 2023, August 10, 2023, August 20,
2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Maithan Ispat Ltd, was incorporated in August 2003, by Maithan
group for setting up an integrated steel plant comprising
manufacturing facilities like Sponge iron (capacity 2,30,000 TPA) &
billets (capacity 2,46,000 TPA), heavy section steel (capacity
3,76,000 TPA) and captive power plant of 30 MW, at Kalinganagar
Industrial Complex, Orissa. On March 31, 2015, MESCO group through
its group company Mideast Integrated Steels Ltd (MISL) acquired MIL
by taking 99.28% stake in the company.


MAK MOBILITY: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Mak Mobility Private Limited

Regd Office:
        509 Shakuntala Building
        59 Nehru Place New Delhi-110019

        Other Office Address:
        C-67, 1st Floor Hosiery Complex
        Phase 2nd Noida-201305

Insolvency Commencement Date: October 18, 2023

Estimated date of closure of
insolvency resolution process: April 15, 2024

Court: National Company Law Tribunal, Allahabad Bench

Insolvency
Professional: Anil Kumar Mittal
       5/99, Sector-2 Rajender Nagar
              Sahibabad, Ghaziabad,
              Uttar Pradesh-201005
              Email: mittalanil.ubi@gmail.com

              Unitech Business Zone, Tower-C,
              903-906, 09th Floor, Sector 50,
              Gurugam, Haryana-122018
              Email: cirp.mak@gmail.com

Last date for
submission of claims: November 1, 2023

MANJU AGRO: CARE Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Manju Agro
Private Limited (MAPL) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      13.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      2.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated September 15,
2022, placed the rating(s) of MAPL under the 'issuer
non-cooperating' category as MAPL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. MAPL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated August 1, 2023, August 11, 2023, August 21,
2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Manju Agro Private Limited (MAPL) was incorporated on January 10,
1996 by Mr. Rajendra Kumra Daga and Mr. Ravi Daga (son of Mr.
Rajendra Kumar Daga). Since its inception, the company has been
engaged in rice milling and processing business at its plant
located in Raipur district of Chhattisgarh with aggregate installed
capacity of 43,200 metric tons per annum. The company mainly deals
with raw and parboiled rice.


MANSAROVAR HOLIDAYS: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Mansarovar
Holidays (MH) continue to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.37       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
  
Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 01,
2022, placed the rating(s) of MH under the 'issuer non-cooperating'
category as MH had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. MH continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
September 17, 2023, September 27, 2023, October 7, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Nainital based, Mansarovar Holidays (MHS) was established in 2012
as a proprietorship firm and is managed by Mr. Punit Kumar Goel.
MHS is engaged in managing a hotel namely "Mansarovar" at
Nainital.


NEW PRINT: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of New Print
India Private Limited (NPIPL) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.22       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      3.78       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 6,
2022, placed the rating(s) of NPIPL under the 'issuer
non-cooperating' category as NPIPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. NPIPL continues to be noncooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 22, 2023, September 11,
2023, October 31, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

New Print India Private Limited (NPIPL) was incorporated in 1979 by
Mr. Subhash Goel and Mr Suresh Goel. New Prints Private Limited
(NPIPL) is engaged in manufacturing of paper products like books,
calendar, diary etc. The company is into offset printing, pre-press
and post-press (i.e. binding, stitching, lamination etc)
activities.


NUVO CHRYSCAPITAL: Voluntary Liquidation Process Case Summary
-------------------------------------------------------------
Debtor: M/s. Nuvo Chryscapital Advisors Private Limited
Unit No 216, Commercial Building, Second Floor,
        Square One, C-2 District Centre,
        Saket, South Delhi, Delhi-110017

Liquidation Commencement Date: October 23, 2023

Court: National Company Law Tribunal Delhi Bench

Liquidator: Mr. Amit Agrawal
     H-63, Vijay Chowk, Laxmi Nagar, Delhi-110092
            Email Address: amitagcs@gmail.com
            Contact No.: 01143019279

Last date for
submission of claims: November 27, 2023


PAI KHOT: Insolvency Resolution Process Case Summary
----------------------------------------------------
Debtor: Pai Khot Infra Private Limited
Ground Floor, D S Residency, Murida
        Fatorda, Margao-403602 GOA

Insolvency Commencement Date: October 27, 2023

Estimated date of closure of
insolvency resolution process: April 24, 2024

Court: National Company Law Mumbai Bench

Insolvency
Professional: Rakesh Kumar Tulsyan
       B-4, Vinay Tower, Kranti Nagar   
              Lokhandwala,
              Kandivali East, Mumbai-400101
              Email: tulsyanrk@gmail.com
              Email: cirp.paikot@gmail.com

Last date for
submission of claims: November 13, 2023


PANTONE TEXTILE: CARE Keeps C Debt Ratings in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Pantone
Textile Mills Private Limited (PTMPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.25       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Long Term/           0.25       CARE C; Stable/CARE A4;
   Short Term                      ISSUER NOT COOPERATING;
   Bank Facilities                 Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   Category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 11,
2022, placed the rating(s) of PTMPL under the 'issuer
non-cooperating' category as PTMPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. PTMPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 27, 2023, September 6,
2023, September 16, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Faridabad (Haryana) based, Pantone Textiles Mills Private Limited
(PTMPL) was incorporated in January, 2017 as a private limited
company and is currently being managed by Mr. Pushpender Kumar, Mr.
Jai Prakash Singh, Mr. Sanjay Sharma and Mr. Vinay Kataria. PTMPL
is setting up a unit for processing and dyeing of fabric and
garments.


PLUTO CERAMIC: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Pluto
Ceramic (PC) continue to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       4.30       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      1.25       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 11,
2022, placed the rating(s) of PC under the 'issuer non-cooperating'
category as PC had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. PC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
August 27, 2023, September 06, 2023, September 16, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Wankaner-based (Gujarat) PC was established as a partnership firm
by its key partners Mr Sandipbhai Arjanbhai Chikhaliya, Mr
Arvindbhai Keshavjibhai Metaliya, Mr Jayeshhai Dineshbhai Ranipa
and Mr Gautam Ramjibhai Patel in December 2010. The commercial
production for manufacturing of Ceramic wall tiles, Ceramic wall
glazed tiles and Ceramic digital wall tiles commenced in November
2011. Currently, PC operates out of its sole manufacturing unit in
Wankaner, with an installed capacity of 22.8 lakh boxes (tile size
of 8" X 12" and 12" X 12") per annum. PC exports approximately
2-10% of its products through merchant exporter, who in turn
primarily exports to United Arab Emirates (UAE) and other African
countries.


PRINTLAND DIGITAL: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Printland Digital (India) Private Limited
G-9 Siddhartha Building,
        96 Nehru Place New Delhi
        Delhi 110019

Insolvency Commencement Date: October 30, 2023

Estimated date of closure of
insolvency resolution process: April 27, 2024 (180 Days)

Court: National Company Law New Delhi Bench

Insolvency
Professional: Rajeev Dhingra
       BG-5a/ 48b; DDA Flats;
              Paschim Vihar,
              Near BG 6 Market;
              Opposite Gas Godowns
              New Delhi-1100063
              Email: Dhingra_fca@yahoo.com

              B-29, LGF, Lagpat Nagar-III,
              Delhi 110024
              Email: cirp.printland.digital@gmail.com

Last date for
submission of claims: November 13, 2023


PRITHVI PUMPS: CARE Keeps C Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Prithvi
Pumps (PP) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.46       CARE C; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 13,
2022, placed the rating(s) of PP under the 'issuer non-cooperating'
category as PP had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. PP continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
August 29, 2023, September 8, 2023, September 18, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Rajkot (Gujarat) based, PP was established in the year 2005 as a
partnership firm. PP is promoted by Mr. Bhaveshkumar Bhandari, Mr.
Piyushkumar Gondaliya and Mr. Ketanbhai Vaghasiya. PP is engaged in
the manufacturing of submersible pumps and it is an ISO 9001: 2008
certified entity.


PROVENTUS AGER: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Proventus
Ager India Private Limited (PAIPL) continue to remain in the
'Issuer Not Cooperating' category.
                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      13.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
  
Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated September 28,
2022, placed the rating(s) of PAIPL under the 'issuer
non-cooperating' category as PAIPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. PAIPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 14, 2023, August 24,
2023, September 3, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Vadodara-based PAIPL is promoted by Mr Doraprasad Nimmagada
(promoter of Jay Polypack Private limited and Jay Agro Industries)
in January 2015. The board of directors of PAPL comprises of Mr
Doraprasad Nimmagada, his wife Mrs Aruna Nimmagada and his son Mr.
Vijay Nimmagada. PAIPL has commenced the trading operations during
FY16 (refers to the period April 1 to March 31) from May 2015. The
company primarily procures Agrochemicals, Pesticides and
Insecticides from its group entity i.e. Jay Agro Industries and
markets it through dealers across the country.


PURULIA METAL: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Purulia Metal Casting Private Limited
31, Ganesh Chandra Avenue 4D/1,
        4th Floor, Kolkata, West Bengal, India, 700013

        Factory Address:
        Barakar Road, Bongabari Vivekananda Nagar,
        Purulia-723147 (West Bengal)

Insolvency Commencement Date: October 18, 2023

Estimated date of closure of
insolvency resolution process: April 15, 2024

Court: National Company Law Tribunal, Kolkata Bench

Insolvency
Professional: Jitendra Lohia
       2/7 Sarat Bose Road, Vasundhara Building,
              2nd Floor, Kolkata-700020
              Email: jitulohia@knjainco.com
                     cirp.pmcpl@gmail.com

Last date for
submission of claims: November 1, 2023


RAGHUPATI CONSTRUCTION: Insolvency Resolution Process Case Summary
------------------------------------------------------------------
Debtor: Raghupati Construction Private Limited
79/16, Ahatha Amba Ganj Kesar Ganj Mandi,
        Meerut Uttar Pradesh, India-250002

Insolvency Commencement Date: October 19, 2023

Estimated date of closure of
insolvency resolution process: April 15, 2024

Court: National Company Law Tribunal, Allahabad Bench

Insolvency
Professional: Mr. Kunwarpeet Singh
       77, Ground Floor, Sant Nagar,
              East Of Kailash Post Office,
              Sant Nagar, South Delhi,
              National Capital Territory of Delhi-110065
              Email: singhkunwar2012@gmail.com

              Pocket 40/138, LGF
              Chittanrajan Park,
              New Delhi-110019
              Email: cirp.raghupati@gmail.com

Last date for
submission of claims: November 2, 2023


RAJENDRA RICE: CARE Keeps C Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Rajendra
Rice & General Mills (RRGM) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.50       CARE C; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/           0.50       CARE C/CARE A4; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 4,
2022, placed the rating(s) of RRGM under the 'issuer
non-cooperating' category as RRGM had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. RRGM
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 20, 2023, September 30, 2023, October
10, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Tohana-based, (Haryana) Rajendra Rice & General Mills (RRGM) was
established in 1986 as partnership firm by Mr. Avtar Singh and his
sons, Mr. Tarsem Singh and Ms. Surinder Kaur sharing profit and
losses equally. RRGM is engaged in milling and processing of
basmati and Non-Basmati rice. The firm is also engaged in trading
of basmati rice.


RAJSHREE IMPEX: CARE Lowers Rating on INR10.64cr LT Loan to D
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Rajshree Impex Private Limited (RIPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      10.64       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B-; Stable

   Short Term Bank      3.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE A4

Rationale and Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 17,
2022, placed the rating(s) of RIPL under the 'issuer
non-cooperating' category as RIPL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. RIPL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 2, 2023, September 12, 2023, September
22, 2023, November 1, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

The rating assigned to the bank facilities of RIPL have been
revised on account of ongoing delays in debt servicing as
recognised from publicly available information i.e., CIBIL
filings.

Jaipur-based (Rajasthan) Rajshree Impex Private Limited (RIPL) was
incorporated in September 2010. The company is engaged in the
manufacturing and trading of cotton embroidered ladies kurtis.


RATHI HATCHERIES: CARE Keeps C Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Rathi
Hatcheries Private Limited (RHPL) continue to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       9.14       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      1.60       CARE A4; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category
  
Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 10,
2022, placed the rating(s) of RHPL under the 'issuer
non-cooperating' category as RHPL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. RHPL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated August 26, 2023, September 5, 2023, September
15, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Rathi Hatcheries Private Limited was incorporated in June, 2002 and
is currently being managed by Mr. Ramesh Kumar, Mr. Krishan Kumar
and Mr. Vinod Kumar collectively. RHPL is engaged in poultry
farming business at its poultry farm located in Jind, Haryana.

RATNAGIRI CHEMICALS: Liquidation Process Case Summary
-----------------------------------------------------
Debtor: Ratnagiri Chemicals Private Limited
611 & 612 Raheja Arcade, Sector-11,
        CBD Belapur, New Mumbai
        Maharashtra, India, 400614

Liquidation Commencement Date: August 29, 2023

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Mr. Dushyant C. Dave
     1101, Dalamal Tower, B Wing,
            Free Press Journal Marg,
            Nariman Point, Mumbai, Maharshtra-400021
            Email: Dushyant.dave@decoderesolvency.com
                   liquidator.rcpl@decoderesolvency.com
                   ratnagirichem.irp@gmail.com

Last date for
submission of claims: November 12, 2023


RNP MARKETING: Liquidation Process Case Summary
-----------------------------------------------
Debtor: RNP Marketing and Cargo Private Limited
Room No. F-203, Nandanvan Apts,
        Dahanukar Wadi, New Link Road,
        Opp. Lalji Pada Police Station,
        Kandivali West,
        Mumbai-400067 Maharashtra

Liquidation Commencement Date: October 11, 2023

Court: National Company Law Tribunal, Mumbai Bench-1

Liquidator: Mr. Jitender Kothari
     702, Orchid A wing, Evershine Park CHS
            Off Veera Desai Road, Andheri (West) Mumbai-400053
            Email: jitenderkothari@rediffmail.com
                   liquidator.rnp@gmail.com

Last date for
submission of claims: November 17, 2023


ROLTA DEFENCE: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Rolta Defence Technology Systems Private Limited
Rolta Tower-C, Rolta Technology Park MIDC-Marol,
        Andheri (East), Mumbai City
        Mumbai, Maharasthra, India, 400093

Insolvency Commencement Date: November 4, 2023

Estimated date of closure of
insolvency resolution process: April 30, 2024

Court: National Company Law Mumbai Bench

Insolvency
Professional: Neha Jain Nemai
       2404-B, Parthenon Building,
              JP Road 4, Bungalows,
              Andheri West, Mumbai City
              Maharashtra 400053
              Email: nehavkjain@gmail.com

              Unit #207, Kshitij,
              Near Azad Nagar Metro Station,
              Veera Desai Road,
              Andheri West, Mumbai-400053
              Email: cirpproltadefence@gmail.com

Last date for
submission of claims: November 18, 2023


SAKTHI PAPERS: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Shri
Sakthi Papers India Private Limited (SSPIPL) continue to remain in
the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      49.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      4.70       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated September 23,
2022, placed the rating(s) of SSPIPL under the 'issuer
non-cooperating' category as SSPIPL had failed to provide
information for monitoring of the rating and had not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. SSPIPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 9, 2023, August 19,
2023, August 29, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Shri Sakthi Papers (India) Private Limited (SSPIPL) originally
incorporated as Sakthi Saradha Papers (India) Private Limited in
May 2004 by Mr. P. Swaminathan and family based out of Coimbatore,
Tamilnadu, is engaged in the manufacture of paper for newsprint,
writing paper for note books, white paper for printing and book
publication. The business was originally constituted as a
proprietorship entity in 1968 by Mr. P. Panchapakesaiyer (father of
Mr. P. Swaminthan) by name Shakthi Paper Mart (SPM), which was into
trading of imported paper. SSP has own sales depot in Tirupur,
Salem, Kolikode and in Ernakulum whereas sales in Chennai, Madurai
and Sivakasi are carried out through dealers.


SAMAYPRA TECHNOSOLUTION: Insolvency Resolution Process Case Summary
-------------------------------------------------------------------
Debtor: Samaypra Technosolution Private Limited
Office No. 107
        1st Floor, Raja Industrial Estate
        P.K Road, Mulund
        West Mumbai 400080

Insolvency Commencement Date: October 16, 2023

Estimated date of closure of
insolvency resolution process: April 14, 2024

Court: National Company Law Mumbai Bench

Insolvency
Professional: Nishi Jain
       A-102, Krishna Tower, Ashok Nagar,
              Kandivali East Mumbai-400101
              Email: csnishjain@gmail.com

Last date for
submission of claims: October 30, 2023


SCHWEITZER SYSTEMTEK: Liquidation Process Case Summary
------------------------------------------------------
Debtor: Schweitzer Systemtek India Private Limited
104 Autumn Groove Lokhandwala Township
        Akruli Road Kandivali (E) Mumbai-400101
        Maharashtra (As per MCA Records)

Liquidation Commencement Date: October 17, 2023

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Mr. Rajesh Kumar Mittal
     204/A, Navjyoti Drashan CHS,
            Near Purnima Talkies,
            Murbad Road, Kalyam (W) -421301
            Maharashtra
            Email: csrajeshmittal@gmail.com
                   liquidatorschweitzer@gmail.com

Last date for
submission of claims: November 16, 2023


SEAJULI DEVELOPERS: CARE Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Seajuli
Developers & Finance Limited (SDFL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      107.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated August 23,
2022, placed the rating(s) of SDFL under the 'issuer
non-cooperating' category as SDFL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. SDFL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 9, 2023, July 19, 2023, July 29, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

SDFL was incorporated in 1987 and is a part of the Kolkata based B.
M. Khaitan Group. The company did not have any major operations
till FY17. Presently, SDFL is engaged in repair and maintenance of
road and other civil work of tea gardens of MRIL.


SHANTI HOSPITAL: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shanti
Hospital (SH) continues to remain in the 'Issuer Not Cooperating'
category.
                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      14.27       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 14,
2022, placed the rating(s) of SH under the 'issuer non-cooperating'
category as SH had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. SH continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
August 30, 2023, September 9, 2023, September 19, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Shanti Hospital (SH) initially started its operations in 1986, with
a constitution of Hindu Undivided Family (HUF), and was then known
as Shanti Children Hospital. Later, the entity was converted into
Partnership firm in 2008. In 2011 the firm changed its name to
current nomenclature. Currently, SH has 100 beds, operational in
Bagalkot, Karnataka and is promoted by Dr. Rajendra Patil and Dr.
Sunil Biradar Patil. It is a Multi-Specialty Hospital spread across
a cumulative area of 35,000 sq. ft. with modern equipment and
infrastructure.


SR MARINE FOODS: Liquidation Process Case Summary
-------------------------------------------------
Debtor: SR Marine Foods Private Limited
No. 2A, Door No. AC5,
        2nd Floor 2nd Avenue, Anna Nagar,
        Chennai, Tamilnadu- 600040

Liquidation Commencement Date: October 10, 2023

Court: National Company Law Tribunal, Chennai Bench

Liquidator: Mr. K.J. Vinod
     Flat No. 9, 3rd Floor, Block-A,
            Trident serenity,
            Nanjundapuram Road, Ramanathpuram,
            Coimbatore - 641 036
            Email: kjvinod05@rediffmail.com
                   srmfpl.liquidation@gmail.com

Last date for
submission of claims: November 10, 2023


SRINIVASA POULTRY: CARE Keeps C Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Srinivasa
Poultry Farm (SPF) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.43       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 18,
2022, placed the rating(s) of SPF under the 'issuer
non-cooperating' category as SPF had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. SPF
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 3, 2023, September 13, 2023, September
23, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Srinivasa Poultry Farm (SPF) was established in the year 1990 by
Mr. Mekala Siva Rama Krishnaiah. The firm is engaged in farming of
egg, laying poultry birds (chickens) and trading of eggs, cull
birds and their Manure. The firm sells its total products like eggs
and cull birds to SSS Traders located in Vijayawada. The firm buys
chicks (small chickens) from Srinivasa Hatcheries Private Limited,
Vijayawada and raw materials for feeding of birds like rice
brokens, maize, sun flower oil cake, shell grit, minerals and soya
from local suppliers.

TATA MOTORS: S&P Upgrades LongTerm ICR to 'BB+', Outlook Positive
-----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer and issue credit
ratings on Tata Motors Ltd. and its core subsidiary, TML Holdings
Pte. Ltd., to 'BB+' from 'BB'.

The positive rating outlook reflects the potential for further
improvement in Tata Motors' credit quality over the next 12-18
months from stronger earnings and cash flow, and as the company
pursues its debt target. The ratings on TML Holdings are equalized
with those on Tata Motors.

Tata Motors' debt reduction will likely accelerate over the next
12-18 months, driven primarily by strong free operating cash flow
(FOCF) at JLR. S&P expects JLR to report positive FOCF of over GBP2
billion in both fiscals 2024 (year ending March 2024) and 2025,
compared with about GBP500 million in fiscal 2023. This will likely
drive sharp deleveraging at Tata Motors.

In our base case, S&P expects Tata Motors' adjusted debt to drop to
about Indian rupee (INR) 250 billion by March 2025, from about
INR680 billion as of March 2023. The company's leverage (as
measured by the ratio of adjusted debt to EBITDA) will
correspondingly decline to slightly below 1x by March 2025, from
close to 3x as of March 2023. The ratio of funds from operations
(FFO) to debt will also likely be well over 60% over the next 18
months, from about 20% in fiscal 2023.

JLR's profitability and FOCF will continue to strengthen. The
company's wholesale volumes are steadily improving as operations
recover from the chip shortage. S&P said, "We expect revenue to
grow about 30% in fiscal 2024, and adjusted EBITDA margin to exceed
10%, from 8% in fiscal 2023. Higher volumes, a better product mix,
and cost cutting measures will support the improvement. While we
anticipate JLR's revenue and EBITDA will grow more modestly in
fiscal 2025, FOCF is likely to remain at similar levels as in
fiscal 2024."

Tata Motors' Indian operations are also sustaining solid operating
performance. In addition, debt reduction will be driven by the
monetization of non-core assets. The company has announced a
pre-IPO sale of 9.9% holding in its subsidiary, Tata Technologies
Ltd., for a consideration of about INR16 billion. An IPO is likely
to follow, which would result in further proceeds.

S&P believes Tata Motors is also building substantial value in its
electric vehicle (EV) business, which can be monetized at some
point. However, this is not a major driver of the current rating
action. Tata Motors has a strong market position in the Indian EV
space, with a market share of about 75% for the six months ended
Sept. 30, 2023. The company has already raised US$1 billion in
compulsorily convertible instruments that will translate to a
11%-15% stake in the EV business.

Tata Motors' publicly stated financial policy aids deleveraging.
The company intends to be net debt free for the auto business by
fiscal 2025. Strong FOCF at JLR and asset monetization at Tata
Motors will likely help the company meet this target. S&P Global
Ratings' computation of debt, however, differs from the company's
calculation of auto debt. S&P's adjustments to debt totaled about
INR160 billion as of March 2023, mainly for securitization of
receivables, acceptances, and product and legal liabilities.

Record of deleveraging and EV transition at JLR will be key
considerations for a higher rating. Tata Motors's deleveraging has
been recent and sharp. As recently as March 2023, the company's
debt-to-EBITDA ratio was about 3x and ratio of FFO to debt was
about 20%, levels that did not support a 'BB+' rating. Therefore,
S&P's visibility and confidence in the company maintaining low
leverage will be important considerations when we consider any
rating upside.

Moreover, JLR has been lagging its peers in EV transition, in S&P's
view. The company is implementing "Project Reimagine" to transition
to a full EV player. It is likely to spend GBP3 billion annually on
the transition. The large capital expenditure (capex) makes FOCF
generation highly dependent on operating performance. Successful
execution of the transition will be important for the company to
preserve both its business and financial profiles. Adequate
progress on the transition and readiness to launch new EV models
over the next 12-18 months will also be key rating considerations.

The positive rating outlook reflects S&P's expectation that Tata
Motors will deleverage further over the next 12-18 months. The
company will benefit from strong FOCF at JLR, and a stated
intention to be free of auto debt.

The positive outlook also reflects S&P's expectation that JLR will
make progress in its EV transition strategy, with key model
launches in 2024 and early 2025.

The ratings on TML Holdings are equalized with those on Tata
Motors.

S&P said, "We may revise the outlook to stable if Tata Motors fails
to sustain its strong positive FOCF. A significant reduction in
JLR's cash flow, due mainly to a fall in volumes, is likely to
result in such a situation. Tata Motors' FFO-to-debt ratio falling
to less than 40% on a sustained basis would indicate such
deterioration.

"We could also revise the outlook to stable or lower the rating if
JLR's planned electrification strategy does not progress in line
with its current expectations. Any potential mis-steps in the
preparedness of the company's new EV model releases, or indications
of subdued market reception related to an insufficiently
competitive proposition could trigger such a rating action.

"We could upgrade Tata Motors in the next 12-18 months if the
company continues to sustain its strong cash flows while achieving
and maintaining its commitment to low leverage. A willingness to
keep the FFO-to-debt ratio at about 60% sustainably would indicate
such a scenario. In our base case, we expect Tata Motors' financial
metrics to be well above this level."

An upgrade is also likely to be contingent on JLR successfully
executing its EV strategy so as to launch new models -- such as the
new all-electric Range Rover models in 2024 and Jaguar in 2025.


THRISSUR EXPRESSWAY: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Thrissur
Expressway Limited (TEL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      505.18      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated August 10,
2022, placed the rating(s) of TEL under the 'issuer
non-cooperating' category as TEL had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. TEL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated June 26, 2023, July 6, 2023, July 16, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Incorporated on April 8, 2009, Thrissur Expressway Ltd (TEL) is an
Special Purpose Vehicle [SPV, (incorporated as Thrissur Expressway
Private Limited and subsequently changed to public limited
company)] for the purpose of 6- laning of the
Vadakancherry-Thrissur section of NH-47 design change from km
236.135 to km 264.490 km (28.355 km length) in the state of Kerala
on Design-Build-Finance-Operate (DBFO) basis, under the Concession
Agreement (CA) from NHAI. NHAI has selected the consortium of KMC
Constructions Limited and China Railway 18th Bureau Group
Corporation Limited (CR18G) based on their bid for a positive grant
of INR243.99 crore to execute the project in the shareholding ratio
of 74:26 as the SPV for implementing the project. Subsequently, KMC
Group increased its stake in the project and also transferred its
share to its wholly owned subsidiary and road holding company viz.
KMC Infratech Limited (KMCIL). Currently, KMCIL hold around 90%
equity stake in TEL and CR18G holds the balance 10%.


TIRUMALA AGRO: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shree
Tirumala Agro Industries (STAI) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 18,
2022, placed the rating(s) of STAI under the 'issuer
non-cooperating' category as STAI had failed to provide information
for monitoring of the rating and had not paid the surveillance fees
for the rating exercise as agreed to in its Rating Agreement. STAI
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 3, 2023, September 13, 2023, September
23, 2023.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Karnataka based, Shree Tirumala Agro Industries (STAI) was
established in the year 2011 as a partnership firm. The rice
milling unit of the firm is located at Raichur, Karnataka with the
area covering two acres. The main raw material, paddy, is purchased
from the local farmers located in and around Raichur. The firm
sells the rice majorly in the state of Karnataka. The rice milling
unit of the firm has an installed capacity of 4 metric ton of rice
per day.


TOWNSHIP DEVELOPERS: NCLT Dismisses Piramal's Insolvency Plea
-------------------------------------------------------------
The Economic Times reports that the National Company Law Tribunal
(NCLT) has dismissed an insolvency plea filed by Piramal Capital
and Housing Finance on behalf of original lender Dewan Housing
Finance Corporation (DHFL) against realty developer Township
Developers India. The Piramal Group is likely to challenge the
order by moving the National Company Law Appellate Tribunal (NCLAT)
against this dismissal, said persons with direct knowledge of the
development.

ET relates that the financial creditor had filed the insolvency
petition against the developer as guarantor for default in mortgage
loans totalling over INR5,855 crore. The Mumbai bench of the
bankruptcy court has dismissed the petition citing technical
limitations related to the timing of the application.

In the backdrop of COVID-19 outbreak and subsequent lockdown, on
March 25, 2020, the government brought in Section 10A of Insolvency
& Bankruptcy Code. This clarified that no application for
initiation of corporate insolvency resolution process will be filed
for any default arising on or after March 25, 2020, for six months
or such period, not exceeding one year from such date.

According to the tribunal, the date of default needs to be
calculated from the date of first invocation notice through which
the corporate debtor was put to notice that the corporate guarantee
has been invoked and called upon to pay the outstanding amount on
behalf of the borrower.


TRIUMVIRATE SONS : Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Triumvirate Sons Enterprises Private Limited
502, Plot No. 91/94 Prabhat Colony,
        Santa Cruz (East) Mumbai City,
        Mumbai Maharashtra, India, 400055

Insolvency Commencement Date: October 21, 2023

Estimated date of closure of
insolvency resolution process: April 18, 2024

Court: National Company Law Mumbai Bench

Insolvency
Professional: IP Rathin Amishbhai Majmudar
       604, Scarlet Gateway,
              Opp. Rivera Antilia Corporate Road,
              Near Prahladnagar Garden,
              Ahmedabad-380015
              Email: info@carathin.com

              D-501, Ganesh Meridian, Opp High Court,
              S.G Road Ahmedabad-380060
              Email: cirp.triumvirate@gmail.com

Last date for
submission of claims: November 4, 2023


VEBHAV YARNS: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Vebhav Yarns Private Limited
401, Sharp Bhawan, 2nd Floor, B-2/3,
        Nani Wala Bagh, Commercial Complex,
        Azadpur, New Delhi-110033

Insolvency Commencement Date: October 18, 2023

Estimated date of closure of
insolvency resolution process: April 15, 2024

Court: National Company Law Tribunal, New Delhi Bench

Insolvency
Professional: Rabindra Kumar Mintri
       JD-18-B, Near Ashiana Chowk,
              Pitampura, New Delhi-110034
              Email: mintri_ca@rediffmail.com
                     cirp.vypl@gmail.com

Last date for
submission of claims: November 3, 2023


VP BULLION: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: VP Bullion Private Limited
135 Ganesh Nagar, Firozabad-2823203,
        Uttar Pradesh , India

Insolvency Commencement Date: October 19, 2023

Estimated date of closure of
insolvency resolution process: April 16, 2024

Court: National Company Law Allahabad Bench

Insolvency
Professional: Satyendra Sharma
       M-3, Block No. 51, Anupam Plaza-II,
              First Floor, Above Axis Bank, Sanjay Place,
              Agra-282002, Uttar Pradesh, India
              Email: satyendrasirp@gmail.com
              Email: cirp.vpbullion@gmail.com

Last date for
submission of claims: November 3, 2023


YASHKIRTI TOURS: Liquidation Process Case Summary
-------------------------------------------------
Debtor: Yashkirti Tours and Travels Private Limited
HE-1, Ashirvad Complex, Transport Nagar,
        Jaipur, Rajasthan-302004

Liquidation Commencement Date: October 17, 2023

Court: National Company Law Tribunal, Ahmedabad Bench

Liquidator: Suhas Dinkar Bhattbhatt
     520, Grand K-10, Behind Atlantis K-10,
            Opp Honest Restaurant, Near Genda Circle,
            Vadadora, Gujarat-390007
            Email: cssuhasb@gmail.com
                   cirp.yashkirti@gmail.com

Last date for
submission of claims: November 16, 2023




=====================
N E W   Z E A L A N D
=====================

ADVANCING HOLDINGS: Creditors' Proofs of Debt Due on Dec. 9
-----------------------------------------------------------
Creditors of The Advancing Holdings Limited are required to file
their proofs of debt by Dec. 9, 2023, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 9, 2023.

The company's liquidators are:

          Brenton Hunt
          PO Box 13400
          City East
          Christchurch 8141


AJMR & CO: Court to Hear Wind-Up Petition on Dec. 1
---------------------------------------------------
A petition to wind up the operations of AJMR & Co Limited will be
heard before the High Court at Auckland on Dec. 1, 2023, at 10:00
a.m.

Tsang Wing Yip and Jinyin Wang filed the petition against the
company on Sept. 20, 2023.

The Petitioner's solicitor is:

          Eva Ho
          c/o Focus Law Limited
          Level 3, 128 Broadway
          Newmarket
          Auckland 1023


AROHA ENTERPRISES: Creditors' Proofs of Debt Due on Dec. 14
-----------------------------------------------------------
Creditors of Aroha Enterprises Limited and Mr Home Limited are
required to file their proofs of debt by Dec. 14, 2023, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Nov. 6, 2023.

The company's liquidator is:

          Kevyn Andrew Botes
          i-Business Recovery Limited
          PO Box 302612
          North Harbour
          Auckland


CENTRAL RETAIL: Court to Hear Wind-Up Petition on Dec. 1
--------------------------------------------------------
A petition to wind up the operations of Central Retail Holdings
Limited will be heard before the High Court at Gisborne on Dec. 1,
2023, at 9:30 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on Oct. 4, 2023.

The Petitioner's solicitor is:

          Charles David Walmsley
          Inland Revenue Department, Legal and Technical Services
          21 Home Straight
          PO Box 432
          Hamilton


UNIVERSAL PRECAST: Creditors' Proofs of Debt Due on Dec. 8
----------------------------------------------------------
Creditors of Universal Precast Limited and Universal Precast
Properties Limited are required to file their proofs of debt by
Dec. 8, 2023, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Nov. 10, 2023.

The company's liquidators are:

          Steven Khov
          Kieran Jones
          Khov Jones Limited
          PO Box 302261
          North Harbour
          Auckland 0751




=====================
P H I L I P P I N E S
=====================

RURAL BANK OF TALISAY: Creditors' Claims Deadline Set Dec. 18
-------------------------------------------------------------
All creditors of the closed Rural Bank of Talisay (Cebu), Inc. have
until December 18, 2023 to file their claims against the assets of
the closed bank either by e-mail, mail, or personal filing.

Creditors refer to any individual or entity with a valid claim
against the assets of the closed Rural Bank of Talisay (Cebu), Inc.
and include depositors whose deposits exceed the maximum deposit
insurance coverage (MDIC) of PHP500,000. The Philippine Deposit
Insurance Corporation (PDIC) said that creditors may file their
claims through any of the following:

1. E-mail at talisay-pad@pdic.gov.ph;

2. Mail addressed to the PDIC Public Assistance Department, Ground
Floor, PDIC Chino Bldg., 2228 Chino Roces Avenue, Makati City 1231.
Claims filed by mail must have a postmark date no later than
December 18, 2023; or

3. Personal filing at the PDIC Public Assistance Center (PAC)
located at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A.
Rufino St., Makati City, from Monday to Friday, at 8:00 AM to 5:00
PM. For visits to the PAC, clients are highly encouraged to request
for an appointment by calling the Public Assistance Hotline during
office hours at (02) 8841-4141 or at Toll-Free number
1-800-1-888-7342 or 1-800-1-888-PDIC, by sending an e-mail request
to talisay-pad@pdic.gov.ph, or by sending a request through private
message at PDIC's official Facebook page at
www.facebook.com/OfficialPDIC.

The prescribed Claim Form against the assets of the closed bank may
be downloaded from the PDIC website at
http://www.pdic.gov.ph/files/Claim_Form_Against_Assets_of_Closed_Banks.pdf.
PDIC reminds creditors to transact only with authorized PDIC
personnel.  
Claims filed after December 18, 2023 shall be disallowed. PDIC, as
Receiver, shall notify creditors of the denial or disallowance of
claims through mail. Claims denied or disallowed by the PDIC may be
filed with the liquidation court within 60 days from receipt of
final notice of denial or disallowance of claim or within 20 days
from date of publication of the Order setting the Petition for
Assistance in the Liquidation Proceeding for initial hearing,
whichever is later.

In addition, PDIC said that depositors with account balances of
more than the MDIC of PHP500,000 who have already filed claims for
the insured portion of their deposits as of December 18, 2023 are
deemed to have filed their claims for the uninsured portion or the
amount in excess of the MDIC.

PDIC, as Receiver of closed banks, requires personal data from
creditors to be able to process their claims and protects these
data in compliance with the Data Privacy Act of 2012.

Rural Bank of Talisay (Cebu), Inc. was ordered closed by virtue of
Monetary Board Resolution No. 1223.A dated September 21, 2023. It
is a single-unit rural bank located along Cebu South Road, Tabunok,
Talisay City, Cebu.




=================
S I N G A P O R E
=================

GOLDEN MOUNTAIN: Creditors' Proofs of Debt Due on Nov. 24
---------------------------------------------------------
Creditors of Golden Mountain Textile and Trading Pte. Ltd. are
required to file their proofs of debt by Nov. 24, 2023, to be
included in the company's dividend distribution.

The company's Judicial Manager is:

          Farooq Ahmad Mann
          Mann & Associates PAC
          3 Shenton Way
          #03-06C Shenton House
          Singapore 068805


HALLMARK TRADERS: Commences Wind-Up Proceedings
-----------------------------------------------
Members of Hallmark Traders Pte Ltd, on Nov. 7, 2023, passed a
resolution to voluntarily wind up the company's operations.

The company's liquidator is:

          Farooq Ahmad Mann
          M/s Mann & Associates PAC
          c/o 3 Shenton Way
          #03-06C Shenton House
          Singapore 068805


NEW SILKROUTES: Court Hearing to Approve Scheme Moved to Dec. 1
---------------------------------------------------------------
A hearing of an application by New Silkroutes Group before a Judge
sitting at the General Division of the High Court of Singapore for,
inter alia, an order that the Scheme of Arrangement dated Sept. 6,
2023, be approved by the Court so as to be binding on the Applicant
and the Scheme Creditors, has been re-scheduled and will be held on
Dec. 1, 2023, at 11:00 a.m., instead of Nov. 14, 2023.

The company's solicitors are:

          Shook Lin & Bok LLP
          1 Robinson Road
          #18-00, AIA Tower
          Singapore 048542

New Silkroutes Group Limited is Singapore-based investment holding
company. The Company's principal activities consist of distributing
health supplements and Chinese medicine, as well as it provides
clinical management services, and health sciences consultants and
dental services.


SCG+ PRIVATE: Creditors' Proofs of Debt Due on Dec. 10
------------------------------------------------------
Creditors of SCG+ Private Limited are required to file their proofs
of debt by Dec. 10, 2023, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Nov. 8, 2023.

The company's liquidator is:

          Farooq Ahmad Mann
          M/s Mann & Associates PAC
          c/o 3 Shenton Way
          #03-06C Shenton House
          Singapore 068805


SIERRA TRADERS: Creditors' Meetings Set for Nov. 24
---------------------------------------------------
Sierra Traders Pte Ltd will hold a meeting for its creditors on
Nov. 24, 2023, at 10:30 a.m., at 3 Shenton Way #03-06C Shenton
House, in Singapore.

Agenda of the meeting includes:

   a. to nominate liquidator(s) or to confirm members’ nomination

      of liquidator(s);

   b. to receive a full statement of the Company’s affairs
      together with a list of its creditors and the estimated
      amount of their claims;

   c. to appoint a Committee of Inspection for the purpose of such

      winding up; and

   d. to consider any other matters which may be brought before
      the meeting.



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2023.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
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thereof are US$25 each.  For subscription information, contact
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