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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

          Wednesday, April 10, 2024, Vol. 27, No. 73

                           Headlines



A U S T R A L I A

FACE HALO: First Creditors' Meeting Set for April 12
LV BUILT: G.J. Gardner Franchisee Enters Into Liquidation
MODULAR BREWING: Second Creditors' Meeting Set for April 15
O'BRIEN MOTORS: First Creditors' Meeting Set for April 12
OLA RIDESHARE: To Shut Down Operations Across Australia

RESIMAC BASTILLE 2024-1NC: Moody's Assigns Ba2 Rating to E Notes
RORK PROJECTS: Nowaczyk Owed AUD820K, Campaigns Better Regulations
TG & PH DAWSON: First Creditors' Meeting Set for April 16
VIRIDI GROUP: First Creditors' Meeting Set for April 17


C H I N A

COTTI COFFEE: Runs Normally Even as Founder Ordered to Repay Debt
ECARX HOLDINGS: KPMG Huazhen Raises Going Concern Doubt


H O N G   K O N G

LAI SUN: Unit Sells Stake in AIA Group's Hong Kong Headquarters


I N D I A

9 PLANETS: Liquidation Process Case Summary
BIMLA MARU: CRISIL Keeps D Debt Ratings in Not Cooperating
BISHAMBHER SARAN: CRISIL Moves C Debt Ratings to Not Cooperating
CHANDRALOK RESIDENCY: CRISIL Keeps D Rating in Not Cooperating
CREATIVE INTERNATIONAL: CRISIL Keeps B Ratings in Not Cooperating

ENERGY PROPERTIES: Insolvency Resolution Process Case Summary
GACTEL TURNKEY: Insolvency Resolution Process Case Summary
GO FIRST: Gets Third Extension for Insolvency Resolution
JUPITER FINSOL: Voluntary Liquidation Process Case Summary
KAJUWALLA: CRISIL Keeps D Rating in Not Cooperating Category

KALINGA ALLOYS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
KALYANI TIMBER: CRISIL Keeps B Debt Rating in Not Cooperating
KASTURI RAM: CRISIL Keeps D Debt Rating in Not Cooperating
KOSHER PHARMA: CRISIL Keeps D Debt Ratings in Not Cooperating
MEP INFRASTRUCTURE: Insolvency Resolution Process Case Summary

MICKEY MEHTA: Insolvency Resolution Process Case Summary
MIZU TECHNOLOGY: Voluntary Liquidation Process Case Summary
MUDRA DENIM: CRISIL Lowers Long/Short Term Ratings to D
NDT TECHNOLOGIES: Insolvency Resolution Process Case Summary
S.V. EDUCATIONAL: CRISIL Keeps B+ Debt Ratings in Not Cooperating

SAI LAKSHAY: Voluntary Liquidation Process Case Summary
SHIRIN EXPORTS: Liquidation Process Case Summary
SHIV SAI: CRISIL Keeps B Debt Ratings in Not Cooperating Category
SHIVEN YARN: CRISIL Keeps B Debt Ratings in Not Cooperating
SHREYANS CREATION: CRISIL Keeps B Debt Ratings in Not Cooperating

SIDDHI VINAYAK: CRISIL Keeps B+ Debt Ratings in Not Cooperating
SITA REFINERS: CRISIL Keeps B Debt Ratings in Not Cooperating
SOUTH CALCUTTA: CRISIL Keeps B+ Debt Rating in Not Cooperating
SPECTRUM AERO: Insolvency Resolution Process Case Summary
SUVARNA DURGA: CRISIL Keeps B Debt Rating in Not Cooperating

T4 TAPES: CRISIL Keeps B+ Debt Ratings in Not Cooperating
TAKUMA ENERGY: Insolvency Resolution Process Case Summary
TRIVENI KRIPA: CRISIL Keeps B+ Debt Rating in Not Cooperating
UMAXE PROJECTS: CRISIL Keeps D Debt Ratings in Not Cooperating
UNIK BAZAR: CRISIL Keeps B Debt Ratings in Not Cooperating

USHA SPINNERS: CRISIL Keeps B+ Debt Rating in Not Cooperating
V CELLULOIDS: CRISIL Keeps B Debt Ratings in Not Cooperating
VHP REAL: CRISIL Keeps B Debt Ratings in Not Cooperating Category
VINS MONOFIL: Voluntary Liquidation Process Case Summary
WDB MEDICAL: Voluntary Liquidation Process Case Summary

WHITE LEAF: Voluntary Liquidation Process Case Summary


M A C A U

MELCO RESORTS: S&P Rates New Senior Unsecured Notes 'BB-'


M A L A Y S I A

MERIDIAN BHD: Falls Under PN17 After Auditor Expresses Disclaimer


N E W   Z E A L A N D

AFTERMATH CONTRACTORS: Court to Hear Wind-Up Petition on April 18
LYPANOSYS (NZ): Creditors' Proofs of Debt Due on May 3
MEL DEVERY: Creditors' Proofs of Debt Due on May 24
MENDER CONSTRUCTION: Court to Hear Wind-Up Petition on April 12
STEELYS 'R US: Court to Hear Wind-Up Petition on April 15

SUNFED MEATS: Plant-Based Meat Business Shutting Down


P H I L I P P I N E S

CAREHEALTH PLUS: IC Placed HMO Under Conservatorship


S I N G A P O R E

FACTORY OUTLET: Court to Hear Wind-Up Petition on April 19
GANPAT INTERNATIONAL: Court Enters Wind-Up Order
GOLDEN CUP: Creditors' Proofs of Debt Due on May 6
JU FENG: Court Enters Wind-Up Order
UGLY FOWL: Commences Wind-Up Proceedings


                           - - - - -


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

FACE HALO: First Creditors' Meeting Set for April 12
----------------------------------------------------
A first meeting of the creditors in the proceedings of Face Halo
Pty Ltd will be held on April 12, 2024 at 11:30 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.

Greg Prout and Cliff Rocke of WA Insolvency Solutions were
appointed as administrators of the company on April 3, 2024.


LV BUILT: G.J. Gardner Franchisee Enters Into Liquidation
---------------------------------------------------------
News.com.au reports that customers thought they were signing up for
their dream homes to be built. The company they chose had promised
"peace of mind" on its brochures, along with a high standard of
workmanship, so it had seemed like a safe choice.
However, it wasn't long before the customers of a Hobart franchise
operated by LV Built, and attached to the major national
construction company G.J. Gardner Homes, demanded that action be
taken.

News.com.au relates that the bid for intervention came amid reports
of issues with the speed of the builds and problems with cashflow.
There were also work stoppages, defects and allegations of approved
plans not being followed.

Some homes needed remediation, and contractors also alleged money
was owed to them.

However, the franchisee continued for a year until its liquidation
this week, which was confirmed by Trent Gardner, CEO of G.J.
Gardner Homes.

"G.J. Gardner Homes can regretfully confirm that independent
builder LV Built Pty Ltd, trading as G.J. Gardner Homes Hobart
West, has entered into liquidation and is now closed, as of 2 April
2024," Mr. Gardner told news.com.au in a statement.

"The situation with the former G.J. Gardner Hobart West franchise
is very unfortunate for all involved.

"At this time, our primary focus is for the impacted customers and
their homes. We have begun working with the appointed liquidator
and are speaking with each customer to better assess the situation
and their individual circumstances."

It comes after two other G.J. Gardner franchises collapsed last
year. A franchisee in Springfield, Queensland, declared itself
bankrupt, and Perth West entered liquidation, news.com.au notes.

According to news.com.au, the Hobart franchise still has 30 homes
under construction. Liquidator Rodgers Reidy is contacting each
customer and subcontractor.

News.com.au relates that Mr. Gardner said his company would be
offering support to those affected.

"G.J. Gardner Homes will use all the means at our disposal to help
customers to source alternative local builders to finish the homes
under construction and enable a smooth transition."

G.J. Gardener cited "difficult trading conditions" as a reason it
was slow to act.

"Once we became aware of the worsening situation for the Hobart
West franchise as a result of these conditions, we provided
guidance and support to rectify its operations and finances," the
company said in a statement.

"More recently, we had breached the franchise and taken further
steps to help it to improve."

G.J. Gardener will not renew its contract with LV Built when it
expires towards the end of the year, the report relays.

"We would like to reassure that this closure relates only to one
franchise office in Hobart West and in no way reflects the broader
G.J. Gardner Homes franchise network of nearly 100 local builders
who are successfully building homes for families right across
Australia."


MODULAR BREWING: Second Creditors' Meeting Set for April 15
-----------------------------------------------------------
A second meeting of creditors in the proceedings of Modular Brewing
Limited has been set for April 15, 2024 at 1:00 p.m. at the offices
of Mackay Goodwin at Level 2, 68 St George's Terrace in Perth and
via virtual meeting 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 April 12, 2024 at 4:00 p.m.

Mathieu Tribut of Mackay Goodwin was appointed as administrator of
the company on Feb. 28, 2024.


O'BRIEN MOTORS: First Creditors' Meeting Set for April 12
---------------------------------------------------------
A first meeting of the creditors in the proceedings of O'Brien
Motors Pty Ltd will be held on April 12, 2024 at 10:00 a.m. at the
offices of Jirsch Sutherland at Level 9, 120 Edward Street in
Brisbane.

Christopher John Baskerville of Jirsch Sutherland was appointed as
administrator of the company on April 2, 2024.


OLA RIDESHARE: To Shut Down Operations Across Australia
-------------------------------------------------------
SkyNews.com.au reports that global rideshare company Ola Rideshare
appears to be shutting down in Australia after customers received a
surprise email.

Ola Rideshare, which launched into the Australian market in 2018 as
a major competitor to Uber, reportedly sent out a brief email to
customers on April 9 saying it would be "discontinuing operations"
from April 12. SkyNews.com.au relates.

"This means that you will no longer be able to book any rides
through your Ola app from that date," the email read.

"You must not take any rides with any vehicle purporting to be an
Ola vehicle or Ola driver from 12th April 2024.

"Ola has not authorised any driver or any other party to use the
Ola brand or provide rides on Ola's behalf."

SkyNews.com.au says customers across the country, including in
Sydney, Perth, Queensland and Canberra claim to have received the
email, with little detail as to why the company has made this
abrupt decision.

It's understood Ola informed customers they had until May 11 to
access account information from their app, and raise any queries to
the customer care team - before being permanently locked out.

It is also believed drivers were sent an email asking them to
download all relevant information for tax and business purposes
before the app becomes unavailable on May 11, according to
SkyNews.com.au.

SkyNews.com.au has reached out to Ola for comment, however the
email immediately bounced back.

Ola promotes itself as one of the world's largest ridesharing
companies in the world, operating in Australia, New Zealand, the
United Kingdom and India.

In Australia, Ola is available to riders in Sydney, Melbourne,
Brisbane, the Gold Coast, Adelaide, Canberra and Perth.

Ola was founded by Bhavish Aggarwal and Ankit Bhati in India in
2011, who say a key part of the company's growth has been a "unique
focus on drivers."


RESIMAC BASTILLE 2024-1NC: Moody's Assigns Ba2 Rating to E Notes
----------------------------------------------------------------
Moody's Ratings has assigned the following definitive ratings to
the notes issued by Perpetual Trustee Company Limited as trustee of
the RESIMAC Bastille Trust in respect of the RESIMAC Series
2024-1NC.

Issuer: Perpetual Trustee Company Limited as trustee of the RESIMAC
Bastille Trust in respect of the RESIMAC Series 2024-1NC

AUD150.0 million Class A1 Notes, Assigned Aaa (sf)

AUD450.0 million Class A2 Notes, Assigned Aaa (sf)

AUD60.0 million Class AB Notes, Assigned Aaa (sf)

AUD47.25 million Class B Notes, Assigned Aa1 (sf)

AUD13.50 million Class C Notes, Assigned A2 (sf)

AUD8.25 million Class D Notes, Assigned Baa2 (sf)

AUD9.0 million Class E Notes, Assigned Ba2 (sf)

AUD6.375 million Class F Notes, Assigned B2 (sf)

The AUD5.625 million Class G Notes are not rated by Moody's.

The transaction is a securitisation of first-ranking mortgage loans
secured over residential properties located in Australia. The loans
were originated and are serviced by Resimac Limited (Resimac,
unrated).

Resimac is an Australian non-bank lender, specialising in
non-conforming and prime residential mortgage lending. In 2020,
Resimac expanded its lending into asset finance, providing auto and
equipment loans to commercial and consumer obligors. As of December
31, 2023, Resimac's Australian mortgage portfolio was around
AUD12.5 billion.

RATINGS RATIONALE

The definitive ratings take into account, among other factors, an
evaluation of the underlying receivables and their expected
performance, evaluation of the capital structure and credit
enhancement provided to the notes, availability of excess spread
over the life of the transaction, the liquidity facility in the
amount of 1.5% of the notes' balance, the legal structure, the
experience of Resimac as servicer and the presence of Perpetual
Trustee Company Limited as the backup servicer.

Moody's MILAN Stressed Loss — representing the loss that Moody's
expects the portfolio to suffer in the event of a severe recession
scenario — is 7.9%. Moody's expected loss for this transaction is
1.2%.

According to Moody's, the Class A1 and Class A2 (together, the
Class A Notes) benefit from 20.0% subordination, compared with the
7.9% MILAN Stressed Loss. The transaction challenges include a
relatively high proportion of loans to self-employed borrowers (at
least 72.2%) and further 8.6% of loans to company borrowers.

Other transactional features are as follows:

-- Initially, principal payments will be made sequentially,
starting with the Class A1 Notes. All classes of notes, excluding
Class G and Class Z Notes, will start receiving their pro-rata
share of principal on a payment date 24 months after closing,
provided that step-down test is met. The step-down test provisions
include, among others, full repayment of the Class A1 Notes and no
unreimbursed charge-offs. Principal payments will revert to
sequential on and after the call option date, occurring on the
earlier of the payment date falling in April 2028 or when the
invested balance of notes falls below 20% on the initial balance of
the notes.

-- Under the retention mechanism, prior to the call date, a
certain proportion of excess spread remaining after reimbursement
of losses and carry-over charge-offs will be used to repay
principal on the junior Notes, starting with the Class F Notes,
thereby limiting their exposure to losses. Issuance of an
equivalent amount of subordinated Class Z Notes at the same time
will preserve the level of credit enhancement available to the more
senior ranking notes.

-- The servicer is required to maintain the weighted average
interest rates on the mortgage loans at a level sufficient for the
trust to meet the required payments when due, plus 0.25%.

Key pool features are as follows:

-- The pool has a weighted average scheduled LTV of 70.6%.

-- The pool has a weighted average seasoning of 22.8 months.

-- Alternative documentation loans make up around 91.8% of the
pool.

-- The pool has a relatively high exposure to Gold Coast,
Queensland (6.9%).

Methodology Underlying the Rating Action:

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

Please note that a Request for Comment was published in which
Moody's requested market feedback on potential revisions to one or
more of the methodologies used in determining these Credit Ratings.
If the revised methodologies are implemented as proposed, it is not
currently expected that the Credit Ratings referenced in this press
release will be affected.

This methodology relates to Australian transactions.

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

Levels of credit protection that are greater than necessary to
protect investors against current expectations of loss could lead
to an upgrade of the ratings. Moody's current expectations of loss
could be better than its original expectations because of fewer
defaults by underlying obligors or higher recoveries on defaulted
loans. The Australian job and the housing markets are primary
drivers of performance.

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


RORK PROJECTS: Nowaczyk Owed AUD820K, Campaigns Better Regulations
------------------------------------------------------------------
ABC News reports that subcontractors, owed millions, campaign for
better regulations after collapse of Canberra-based building
companies.

ABC News relates that the collapse of four large Canberra-based
building companies this year is sending shockwaves through the
construction industry.  Subcontractors are collectively owed
millions of dollars and some now face an uncertain future.

ABC News notes that subcontractors Aime and Anthony Lloyd, along
with Chris Nowaczyk, are meeting with federal politicians to
campaign for better industry regulation.

Chris Nowaczyk, owner of The Works, according to ABC News, was
subcontracted by Rork Projects to manufacture and install furniture
for the New South Wales Police Academy in Goulburn.

But when Rork Projects entered voluntary administration in March,
Mr. Nowaczyk said he was left with hundreds of thousands of dollars
worth of bespoke joinery that hadn't been paid for.

"It's about AUD820,000," he said.

When money is owed to businesses like The Works, it can be recouped
via administrators. But the process can take more than a year and
there are no guarantees, ABC News states.

"There's no cash, there's no money at all, so I have to pull my own
savings to keep the boys going," Mr. Nowaczyk said.

This story is a familiar one for subcontractors in Canberra, who
are increasingly affected by a crisis that's shaking the
foundations of the building industry.

Rork Projects was one of four large Canberra-based companies that
collapsed this year, along with Project Coordination, Voyager
Projects and Cubitt's Granny Flats.

Administrators' reports show the four companies collectively owed
close to AUD100 million, ABC News discloses.

In September 2023, construction firm PBS went into administration
and then liquidation, with debts of AUD50 million.

Aime and Anthony Lloyd run commercial carpentry business Lloyd
Constructions and have worked as subcontractors for some of the
firms that collapsed this year.

"We're approximately AUD440,000 out of pocket since August," Ms.
Lloyd said.

Large building companies may take several years to fail, but for
subcontractors the realisation they won't be getting paid comes
suddenly, ABC News notes.

Data from financial watchdog ASIC showed construction companies
around the country had more administrators appointed this financial
year than any other sector, with 1,913 insolvencies recorded from
July to March, ABC News discloses.

                    About Rork Projects

Rork Projects (Holdings) Pty Ltd, Rork Projects (QLD) Pty Ltd and
Rork Projects Pty Ltd specialised in refurbishment for the past 26
years, with 63 current projects across NSW, the ACT, Victoria and
Queensland.

Mark Alfred Holland, Anthony Norman Connelly and William James
Harris of McGrathNicol were appointed as administrators of the
companies on March 1, 2024.


TG & PH DAWSON: First Creditors' Meeting Set for April 16
---------------------------------------------------------
A first meeting of the creditors in the proceedings of TG & PH
Dawson Pty Ltd will be held on April 16, 2024 at 12:00 p.m. via
virtual means.

Mitchell Herrett of RSM Australia Partners was appointed as
administrator of the company on April 5, 2024.


VIRIDI GROUP: First Creditors' Meeting Set for April 17
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Viridi Group
Pty Ltd will be held on April 17, 2024 at 2:00 p.m. via virtual
meeting only.

Christopher Damien Darin and Joanne Monica Keating of Worrells were
appointed as administrators of the company on April 5, 2024.




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

COTTI COFFEE: Runs Normally Even as Founder Ordered to Repay Debt
-----------------------------------------------------------------
Yicai Global reports that Cotti Coffee, a fast-growing Chinese
coffee chain founded by Charles Lu, former chairman of Luckin
Coffee, is operating normally, staff said after a court in Beijing
ordered him to repay debt of CNY1.9 billion (USD260 million).

Lu's financial issues are unrelated to Cotti Coffee, employees of
the Beijing-based company said to Yicai on April 7.

The serial entrepreneur owes a total of nearly CNY2.6 billion and
has multiple court orders against him restricting his consumption
and freezing his equity, Yicai discloses citing corporate
information platform Tianyancha.

After an accounting scandal in 2020, Luckin Coffee's founding team,
including Lu and Jenny Zhiya, former chief executive, established
Cotti Coffee in 2022 with USD100 million in registered capital,
according to Yicai. Luckin Coffee, which was listed on the Nasdaq,
restructured after filing for bankruptcy in the United States. Both
Lu and Zhiya left the troubled business in 2020.

Cotti Coffee is borrowing from Luckin Coffee's playbook to expand
rapidly. Its stores, mostly located near office buildings, offer
discounts and coupons so that drinks cost as little as CNY9.9
(USD1.40) per cup. The chain attracts new franchisees with zero
franchise fees and zero brand usage fees.

Cotti Coffee has slowed its new store openings this year, adding
only 400, after opening 6,500 last year, including more than 1,500
in a single month, according to data provider Zhaimencanyan.


ECARX HOLDINGS: KPMG Huazhen Raises Going Concern Doubt
-------------------------------------------------------
ECARX Holdings Inc. disclosed in a Form 20-F Report filed with the
U.S. Securities and Exchange Commission for the fiscal year ended
December 31, 2023, that its auditor expressed that there is
substantial doubt about the Company's ability to continue as a
going concern.

Shanghai, China-based KPMG Huazhen LLP, the Company's auditor since
2021, issued a "going concern" qualification in its report dated
April 3, 2024, citing that the Company has suffered recurring
losses from operations and has net cash used in operating
activities and net current liabilities that raise substantial doubt
about its ability to continue as a going concern.

The Company has incurred losses since its inception. For the years
ended December 31, 2023 and 2022, the Company reported net losses
of RMB1,015,180,000 and RMB1,607,146,000, respectively. As of
December 31, 2023, the Company had an accumulated deficit of
RMB6,670,371,000 and its consolidated current liabilities exceeded
current assets in the amount of RMB926,738,000. In addition, the
Company recorded net cash used in operating activities in the
amount of RMB1,243,406,000 for the year ended December 31, 2023.
The Company will require additional liquidity to continue its
operations over the next 12 months.

Historically, the Company had relied principally on proceeds from
the issuance of redeemable convertible preferred shares and bank
borrowings to finance its operations and business expansion. Since
the consummation of the Merger, the Company funded its operations
principally through short-term borrowings from banks and related
parties, and long-term convertible notes. The Company has evaluated
plans to continue as a going concern which include, but are not
limited to, (i) reducing discretionary capital and operating
expenses (ii) obtaining additional facilities from banks and
renewal of existing bank borrowings (iii) obtaining extended
financial support from controlling shareholder and related parties
(iv) accelerating pace of collections of amounts due from related
and third parties to optimize operational efficiency and (v)
exploring opportunities for further equity financing. Subsequent to
December 31, 2023, the Company has secured commitment from a
related party under which the Company will be able to extend its
existing loan of RMB300,000 up to June 30, 2025. Notwithstanding
this, feasibility of some of these plans is contingent upon factors
outside of the control of the Company and, as such, the Company
concluded that substantial doubt about its ability to continue as a
going concern has not been alleviated as of the reporting date.

As of December 31, 2023, the Company had RMB4,267,644,000,
RMB5,102,103,000 in total liabilities, and RMB834,459,000 in total
shareholders' deficit.

A full-text copy of the Company's Form 20-F is available at
https://tinyurl.com/bp6mxb94

                        About ECARX Holdings

Shanghai, China-based ECARX Holdings Inc. is a global automotive
technology provider with the capabilities to deliver turnkey
solutions for next-generation smart vehicles, from the system on a
chip (SoC), to central computing platforms, and software. As
automakers develop new electric vehicle architectures from the
ground up, ECARX is developing full-stack solutions to enhance the
user experience, while reducing complexity and cost.



=================
H O N G   K O N G
=================

LAI SUN: Unit Sells Stake in AIA Group's Hong Kong Headquarters
---------------------------------------------------------------
South China Morning Post reports that a wholly-owned unit of Lai
Sun Development Company, a Hong Kong property firm, has sold its
equity stake in the AIA Central skyscraper for HK$1.42 billion
(US$180 million) in a bid to boost its liquidity.

The Post relates that the move comes just a few weeks after the
developer disposed of its interest in an industrial building in the
city as it tries to overturn a mountain of debt.

According to the Post, Lai Sun said it has signed an agreement to
sell its unit Peakflow Profits' shareholdings in Bayshore
Development, the owner of AIA Central, to Grand Design Development,
which is a subsidiary of insurance giant AIA Group.
The 38-storey office tower at 1 Connaught Road Central has served
as the regional headquarters of Asia's biggest insurer since 2005.

Peakflow Profits is a wholly-owned subsidiary of Lai Sun
Development and an indirect, non-wholly-owned unit of Lai Sun
Garment (International), according to an exchange filing.

AIA Group will hold the remaining equity stake in Bayshore
Development after the disposal, the report notes.

The Post says the proceeds of the sale will go towards repayment of
bank loans and general working capital for Lai Sun Development, the
companies said in a statement.

Lai Sun Development was saddled with total liabilities of more than
HK$34.69 billion for the six months ended January 31, the Post
discloses citing interim results.

Each of the Lai Sun units is expected to record a loss of about
HK$154.6 million on the disposal, according to the filing to the
Hong Kong stock exchange.

"The disposal enables the vendor to realise the value of the
property investment, thereby enhancing the cash flow and financial
position of the LSG Group and the LSD Group as a whole," the
companies said, adding that the deal is "prudent" while the terms
and conditions of the sale are "fair and reasonable," the Post
relays.

In mid-March, Lai Sun Development sold some of its property assets
in the Wyler Centre Phase II, an industrial building in Kwai Chung,
including the 20th floor and its parking spaces on the second
floor, for HK$80 million - an estimated loss of HK$6 million,
recalls the Post.

The Post adds that the company said in a filing on March 15 that
the sale represented its "commitment to its noncore asset disposal
plan" aimed at enabling it to reallocate more financial resources
to capital structure enhancement.

                     About Lai Sun Development

Headquartered in Hong Kong, Lai Sun Development Company Limited
(HKG:0488) -- https://www.laisun.com/lai-sun-development --
together with its subsidiaries, invests in, develops, leases, and
sells real estate properties in Hong Kong, Mainland China, Macau,
the United Kingdom, Vietnam, and internationally.




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I N D I A
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9 PLANETS: Liquidation Process Case Summary
-------------------------------------------
Debtor: 9 Planets Products Private Limited
        38, Mittal Chambers
        Nariman Point, Mumbai
        Maharashtra 400021

Liquidation Commencement Date: March 28, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Anil Kashi Drolia
            B-906, Park Side 1, Raheja Estate
            Kulupwadi, Near National Park
            Borivali-East, Mumbai
            Maharashtra 400066
            Email: anildrolia.ip@gmail.com

                -- and --

            302-304, Regent Chambers
            Jamnalal Bajaj Marg, Nariman Point
            Mumbai, Maharashtra 400021
            Email: 9planet.liquidation@gmail.com

Last date for
submission of claims: May 2, 2024


BIMLA MARU: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Bimla Maru
Fashions Private Limited (BMFPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            9.9        CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit           15.1        CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit       9          CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit       5          CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     1.25       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with BMFPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BMFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BMFPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BMFPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

BMFPL, incorporated in 1999, trades in garments and upholstery
fabric; it imports fabric, primarily from China, and markets the
garments in India. The company also manufactures trousers, and has
an in-house design team, which provides specifications to weavers.
The manufacturing facility is located at Noida. The company has set
up an office in Bangladesh to coordinate imports of fabric from
China, for re-export (in the form of garments) to India.


BISHAMBHER SARAN: CRISIL Moves C Debt Ratings to Not Cooperating
----------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of
Bishambher Saran Vinod Kumar (BSVK) to 'CRISIL C Issuer not
cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           9.75       CRISIL C (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Proposed Fund-        2.15       CRISIL C (ISSUER NOT
   Based Bank Limits                COOPERATING; Rating Migrated)

   Term Loan             0.10       CRISIL C (ISSUER NOT
                                    COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with BSVK for
obtaining information through letter and email dated March 22, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BSVK, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BSVK
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of BSVK to 'CRISIL C Issuer not cooperating'.

BSVK was by Mr Vinod Kumar Agarwal. The firm is based in Kashipur,
Uttarakhand, and trades in building materials such as
thermo-mechanically treated (TMT) bars, stainless steel, AC sheets,
cement and all kinds of hardware material used in the construction
process.


CHANDRALOK RESIDENCY: CRISIL Keeps D Rating in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Chandralok
Residency Private Limited (CRPL) continues to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan               5         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with CRPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of CRPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on CRPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
CRPL continues to be 'CRISIL D Issuer Not Cooperating'.

CRPL, established in 2010, is setting up a 22-key hotel in Rewa,
Madhya Pradesh. The company is promoted by Rewa-based Mr. Satnam
Singh and Mr. Mohanveer Singh.


CREATIVE INTERNATIONAL: CRISIL Keeps B Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Creative
International Private Limited (CIPL) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee          3         CRISIL A4 (Issuer Not
                                     Cooperating)

   Bill Discounting       11.5       CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Packing Credit         18.5       CRISIL A4 (Issuer Not
                                     Cooperating)

   Term Loan               2.25      CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan              14.75      CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with CIPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of CIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on CIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
CIPL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

CIPL was incorporated in 1998, it is engaged in the manufacturing
and exporting of readymade garments (RMG). The company derives
majority of its revenues from export of men's, women and children
wear to apparel retailers based out of USA. The company is based
out of Bangalore and is promoted by Mr. Surendra Agarwal who has
more than three decades of experience in the textile segment.


ENERGY PROPERTIES: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Energy Properties Private Limited
Ramrajatala Station Road LP
        482/7/5 Howrah, West Bengal
        India - 711104

Insolvency Commencement Date: March 20, 2024

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

Court: National Company Law Tribunal, Kolkata Bench

Insolvency
Professional: Mahesh Chand Gupta
              FE-202, Salt Lake City,
              Sector-III, 1st Floor,
              Kolkata - 700106
              Email: mcgupta90@gmail.com

             11&11/1, B B Ganguly Street,
             1st Floor, Suit No.-1
             Kolkata-700012
             Email: cirp.energyprop@gmail.com

Last date for
submission of claims: April 3, 2024


GACTEL TURNKEY: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Gactel Turnkey Projects Limited
Floor 3rd, Plot No -3/8 Hamilton House
        J.N Heredia Marg, Ballard Estate,
        Mumbai - 400038, Maharashtra, India

Insolvency Commencement Date: March 27, 2024

Estimated date of closure of
insolvency resolution process: September 23, 2024

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: Mr. Kumar Raghavan
       A 15 Windmill Village Sr.
              No. 61-75, Paud Road, Bavdhavan Budruck,
              Pune, Maharashtra 411021
              Email: rkumar56.ip@gmail.com
              Email: cirp.gactel@gmail.com

Last date for
submission of claims: April 10, 2024


GO FIRST: Gets Third Extension for Insolvency Resolution
--------------------------------------------------------
Financial Express reports that the insolvency tribunal, National
Company Law Tribunal (NCLT), on April 8 granted a further extension
of 60 days for the resolution process of grounded airline Go First,
marking the third such extension given by the tribunal.

The new deadline is set for June 3, extending the previous deadline
from April 4, FE says.

According to FE, a two-member bench of the Delhi-based NCLT
admitted the request for the extension by the resolution
professional (RP) of Go First. The representatives seeked an
extension of the timeline to complete the corporate insolvency
resolution process (CIRP).

Previously, the NCLT had extended the deadline to April 4 from
February 13, the report notes. This was after the tribunal on
November 23 last year granted an extension of 90 days, which ended
on February 4.

According to the Insolvency & Bankruptcy Code (IBC), CIRP should be
completed within 330 days, which includes the time taken during
litigations.

Under IBC Section 12(1), CIRP should be completed within 180 days.
However, the maximum duration for completing CIRP, including
extensions and litigation periods, is capped at 330 days. Failure
to adhere to this timeline may result in the corporate debtor being
subjected to liquidation.

                           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.


JUPITER FINSOL: Voluntary Liquidation Process Case Summary
----------------------------------------------------------
Debtor: Jupiter Finsol Private Limited (OPC)
        A-151 Nperol Towersr A
        Kidwai Road
        Wadala West, Mumbai,
        Maharashtra, India, 400031

Liquidation Commencement Date: March 28, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Hitesh Kothari
            1A, Satya Apartment
            Opp. Kandivali MTNL Building
            S. V, Road,
            Kandivali (W), Mumbai - 400067
            Email: hiteshkotharics@gmail.com
            hiteshkothariipc@gmail.com

Last date for
submission of claims: April 27, 2024


KAJUWALLA: CRISIL Keeps D Rating in Not Cooperating Category
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Kajuwalla
continues to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit &          10         CRISIL D (Issuer Not
   Working Capital                   Cooperating)
   Demand Loan            
                                     
CRISIL Ratings has been consistently following up with Kajuwalla
for obtaining information through letter and email dated March 15,
2024 among others, apart from telephonic communication. However,
the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Kajuwalla, which restricts
CRISIL Ratings' ability to take a forward looking view on the
entity's credit quality. CRISIL Ratings believes that rating action
on Kajuwalla is consistent with 'Assessing Information Adequacy
Risk'. Based on the last available information, the ratings on bank
facilities of Kajuwalla continues to be 'CRISIL D Issuer Not
Cooperating'.

Established in 2012, Kajuwalla, a proprietorship concern by Mr
Jatin Sharma, trades in dry fruits. It is based in Delhi.


KALINGA ALLOYS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kalinga
Alloys Private Limited (KAPL) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bill Discounting       2          CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Cash Credit            5.75       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KAPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KAPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

KAPL, based in Bhubaneswar and promoted by the Mahipal family,
began operations in 1989. The promoters have been engaged in
beneficiation of ferroalloys for the past 15 years.


KALYANI TIMBER: CRISIL Keeps B Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kalyani
Timber Private Limited (KTPL) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           0.5         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Import Letter        10.5         CRISIL A4 (Issuer Not
   of Credit Limit                   Cooperating)

CRISIL Ratings has been consistently following up with KTPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KTPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KTPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KTPL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

Incorporated in 2012, KTPL processes forest products such as timber
at its processing facilities in Gandhidham. The company is owned
and managed by Mr Manoj Kumar, Mr Vikas Goyal, Mr Vipin Goyal, and
Mr Aditya Goyal.


KASTURI RAM: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Kasturi Ram
Science and Technological Park Limited (KRSTP) continues to be
'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              7.5        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KRSTP for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KRSTP, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KRSTP
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KRSTP continues to be 'CRISIL D Issuer Not Cooperating'.

KRSTP, incorporated in 1997, is promoted by the Aggarwal family of
New Delhi. The company is engaging in farming. It is constructing a
warehouse to facilitate storage of agricultural products in
Sonepat, Haryana.


KOSHER PHARMA: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kosher
Pharmaceutical Private Limited (KPPL) continue to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan         13         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Cash           2         CRISIL D (Issuer Not
   Credit Limit                      Cooperating)

CRISIL Ratings has been consistently following up with KPPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KPPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KPPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KPPL continues to be 'CRISIL D Issuer Not Cooperating'.

KPPL, set up in 2012, is currently setting up a bulk drug
manufacturing unit. The company is promoted by Mr Lakkireddy
Tirupathi Reddy and is based in Hyderabad.


MEP INFRASTRUCTURE: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: MEP Infrastructure Developers Limited
        Registered Office:
        2102, Floor-21st, Plot 62, Kesar Equinox,
        Sir Bhalchandra Road, Hindu Colony,
        Dadar (East) NA
        Mumbai City MH 400014 India

        Principal Office: B1-406, boomerang, Chandivali Farm Road,
        Near ChandivaliStudio, Andheri (East), Mumbai 400072

Insolvency Commencement Date: March 28, 2024

Estimated date of closure of
insolvency resolution process: September 29, 2024

Court: National Company Law Tribunal, Ahmedabad Bench

Insolvency
Professional: Ravindra Kumar Goyal
       Eden I - 807, S G Highway,
              Godrej Garden City, Jagat Pura,
              Ahmadabad, Gujarat, 382470
              Email: ravindra1960_goyal@yahoo.co.in

              B-29, LGF, Lajpat Nagar-III,
              Delhi 110024
              Email: CIRP.MEPIDL@GMAIL.COM

Last date for
submission of claims: April 16, 2024


MICKEY MEHTA: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Mickey Mehta Health Beyond Fitness Private Limited
        Registered Office:
        D2, Captain Colony,
        Opp. SoboCentral Mall,
        Ali, Tardeo,
        Mumbai-400034 Maharashtra

Insolvency Commencement Date: March 21, 2024

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

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: CA. Neeraja Kartik
       202 Padmasani Apartments
              58/2 Shivaji Nagar, Nagpur 440010
              Email: neerajakartikip@gmail.com
              Email: cirp.mickeymehta@gmail.com

Last date for
submission of claims: April 4, 2024


MIZU TECHNOLOGY: Voluntary Liquidation Process Case Summary
-----------------------------------------------------------
Debtor: Mizu Technology Private Limited
        E-5, Jains, Eiffel Garden
        89-90, Arcot Road
        Vadapalani, Chennai 600024

Liquidation Commencement Date: March 29, 2024

Court: National Company Law Tribunal, Chennai Bench

Liquidator: Chitra Srinivas
            ASTA AVM, Flat B4E,
            P.V.Rajamannar Salai, K.K.Nagar
            Chennai - 600078
            Email: schitra18@gmail.com
            Tel No.: 9884355245

Last date for
submission of claims: April 28, 2024


MUDRA DENIM: CRISIL Lowers Long/Short Term Ratings to D
-------------------------------------------------------
CRISIL Ratings has downgraded its ratings on the bank facilities of
Mudra Denim Private Limited (Mudra) to 'CRISIL D/CRISIL D Issuer
Not Cooperating' from 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating' based on publicly available information.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Rating       -          CRISIL D (ISSUER NOT
                                     COOPERATING; Downgraded from
                                     'CRISIL B/Stable ISSUER NOT
                                     COOPERATING)

   Short Term Rating      -          CRISIL D (ISSUER NOT
                                     COOPERATING; Downgraded from
                                     'CRISIL A4 ISSUER NOT
                                     COOPERATING)

CRISIL Ratings has been consistently following up with Mudra for
obtaining information through letter and email dated February 15,
2024 among others, apart from telephonic communication. However,
the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Mudra, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on Mudra
is consistent with 'Assessing Information Adequacy Risk'.

Mudra was incorporated in 2007, promoted by Mr Murarilal Agarwal
and his family. The company dyes and processes denim fabric at its
unit in Ankleshwar, Gujarat, with a capacity of about 14.5 million
metre per annum. It commenced commercial operations in January
2015. The company is undertaking a backward integration project for
setting up a weaving unit, which is expected to commence full scale
operations from April 2017.


NDT TECHNOLOGIES: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: NDT Technologies Private Limited
        Registered Address:
        Plot No-W-198 TTC, MIDC
        Kopar Khairane
        Navi Mumbai Thane
        Maharashtra 400709
        
Insolvency Commencement Date: March 22, 2024

Court: National Company Law Tribunal, Mumbai Bench

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

Insolvency professional: Dhanshyam Kantilal Patel

Interim Resolution
Professional: Dhanshyam Kantilal Patel
              322, Zest Business Spaces
              M G Road, Ghatkopar East
              Mumbai 400 077
              Email: dpatel@ckpatel.com
              Email: cirp.ndt@gmail.com
              Tel: 022-25083300

Last date for
submission of claims: April 14, 2024


S.V. EDUCATIONAL: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of S.V.
Educational Society - Anantapur (SV) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)   Ratings
   ----------          -----------   -------
   Proposed Long Term      14.25     CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan               10.75     CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SV for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SV, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SV is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of SV
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Set up in 1998, the society runs four colleges. Based out of
Anantapur (Andhra Pradesh), the society is promoted by Mr. Soma
Sekhar Reddy.


SAI LAKSHAY: Voluntary Liquidation Process Case Summary
-------------------------------------------------------
Debtor: Sai Lakshay Prints Private Limited
        Batala Road, Amritsar

Liquidation Commencement Date: March 30, 2024

Court: National Company Law Tribunal, Chandigarh Bench

Liquidator: Rajesh Dhawan
            88, Akash Avenue
            Fatehgarh Churian Road, Amritsar
            Email: rdshivam@yahoo.com.uk
            Mobile: 9814049497

Last date for
submission of claims: April 28, 2024


SHIRIN EXPORTS: Liquidation Process Case Summary
------------------------------------------------
Debtor: Shirin Exports Private Limited
        Shop No. 2, Raj Umang II Co-op Hsg Soc Ltd
        Shiv Vallabh Road,
        Rawalpada, Dahisar (East) Mumbai
        Mumbai City MH 400068 India

Liquidation Commencement Date: March 1, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Jatin Mehra
            E-455, Ranjit Avenue
            Amritsar 143001
            Email: jatinmehraassociates@gmail.com
                    Shirinexports.cirp@gmail.com

Last date for
submission of claims: April 13, 2024


SHIV SAI: CRISIL Keeps B Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shiv Sai
Constructions Private Limited (SSCPL) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         2          CRISIL A4 (Issuer Not
                                     Cooperating)

   Cash Credit            0.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     3          CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with SSCPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSCPL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

SSCPL was initially formed as a proprietorship in 1986, and
reconstituted as a private limited company in 1997. It undertakes
water pipeline works and road projects for public entities. Mr
Sanjay G Vahadane and Mrs Kavita S Vahadane are the directors of
the company.


SHIVEN YARN: CRISIL Keeps B Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shiven Yarn
Private Limited (SYPL) continue to be 'CRISIL B/Stable/CRISIL A4
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         1          CRISIL A4 (Issuer Not
                                     Cooperating)

   Cash Credit           10          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Foreign Exchange       0.2        CRISIL A4 (Issuer Not
   Forward                           Cooperating)

   Proposed Long Term     1.35       CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan             19.45       CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SYPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SYPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SYPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SYPL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

Incorporated in February 2016, SYPL is promoted by Mr Samir Patel,
Mr Ketan Patel, Mr Dharmesh Patel, Mr Chirag Patel, Mr Vinodkumar
Patel, Mr Mitul Ruwala, and Mr Chirag Rao. The company manufactures
nylon yarn, which is used in garments, footwear, auto parts, gas
(petrol) tanks, slings and rope, used in climbing gear and slack
lining, machine parts, such as gears and bearings.


SHREYANS CREATION: CRISIL Keeps B Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shreyans
Creation Global Limited (SCGL) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            20         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Non            5         CRISIL A4 (Issuer Not
   Fund based limits                 Cooperating)

CRISIL Ratings has been consistently following up with SCGL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SCGL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SCGL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SCGL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

SCGL was Set up in 1988 as a partnership firm, Instyle Apparel, by
Mr Rajendra Surana and Mr Naveen Kapoor. The firm was reconstituted
as a closely held company with the current name in 2005 (earlier,
Shreyans Creation Pvt Ltd). The Kolkata-based company manufactures
readymade garments for men and trades in fabrics; the products are
sold under the brands Zedd, Walsey and Vriksh. Supplies are made to
retail chains and also to wholesalers.


SIDDHI VINAYAK: CRISIL Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Siddhi
Vinayak Cotton Industries (Bhavnagar) (SVCI) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           5.50        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term    0.18        CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with SVCI for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SVCI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SVCI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SVCI continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SVCI, established in 2007, is owned and managed by Mr Bharatbhai
Kukadiya. The firm operates a cotton ginning and pressing unit in
Palitana, Gujarat.


SITA REFINERS: CRISIL Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shree Sita
Refiners Private Limited (SRFPL) continue to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            15         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan               2.31      CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SRFPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SRFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SRFPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SRFPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

For arriving at the ratings, CRISIL Ratings has combined the
business and financial risk profiles of Shree Sita Udyog (SSU),
SAF, Shri Sita Rice Mill (SSRM), Sita Agro Tech Pvt Ltd (SAT),
Shree Sita Agro Foods Private Limited (SSAFPL), Shree Sita Edibles
Pvt Ltd (SSEPL), Shree Sita Pulses Pvt Ltd (SSPPL). All the
entities, collectively referred to as the Sita group, are in the
same business, have operational linkages and a common management
team.

The Sita group, based in Durg, Chhattisgarh, was established by the
Agrawal family members in 1965. SSU, SAT, SAF and SSRM, mills and
processes paddy into rice; SRFPL and SSEPL, extracts and refines
rice bran and soyabean oil; while SSPPL processes dal. The group
markets its products under the 'Sita' brand.


SOUTH CALCUTTA: CRISIL Keeps B+ Debt Rating in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of South
Calcutta Diesels Private Limited (SCDPL) continue to be 'CRISIL
B+/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee        3.5         CRISIL A4 (Issuer Not
                                     Cooperating)

   Cash Credit           1.8         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SCDPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SCDPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SCDPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SCDPL continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.

SCDPL was set-up in 1970 as a partnership firm; however, in 2005 it
was re-constituted as a private limited company. The company is the
authorized distributors for diesel engines and spare parts for
companies such as Deutz AG, Bosch Limited (also includes portion of
Bosch GMBH), Kohler Lombardini and VM Motori. Apart from sales of
these authorized distributors, the company also trades in spare
parts. The day to day operations of the company is being managed by
Mr. Vinod Todi, Mr. Narayan Todi and Mr. Lalit Todi.


SPECTRUM AERO: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Spectrum Aero Private Limited
        Registered Address:
        The Valley, 20  Regency Farms
        Asola Delhi, South Delhi
        Delhi 111074 India

Insolvency Commencement Date: March 11, 2024

Court: National Company Law Tribunal, Principal Bench

Estimated date of closure of
insolvency resolution process: September 7, 2024

Insolvency professional: Punit Handa

Interim Resolution
Professional: Punit Handa
              1005, Ground Floor, Sector 31
              Gurugram, Haryana 122001
              Email: Punithanda@gmail.com
              Email: irospectrum@gmail.com

Last date for
submission of claims: April 20, 2024


SUVARNA DURGA: CRISIL Keeps B Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Suvarna Durga
Agro Products Private Limited (SDAPL; part of Suvarna Durga Group)
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            25         CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SDAPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SDAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SDAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SDAPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

For arriving at the ratings, CRISIL Ratings has combined the
business and financial risk profiles of SDAPL and Suvarna Durga
Bottles Private Limited (SDBPL); these companies are together
referred to as the Suvarna Durga Group. Both companies have
operational synergies, common management, and have fungible cash
flows.

Established in 1997, SDBPL based in Hyderabad, trades in glass
bottles used in packaging of alcoholic beverages. Established in
2017, SDAPL based in Hyderabad, s involved in supplying of Grain to
ENA manufacturers. The operations of the group are managed by Mr. J
Srinivasa Reddy.


T4 TAPES: CRISIL Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of T4 Tapes
Private Limited (TTPL) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            4.5        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Term Loan              3          CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with TTPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TTPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TTPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TTPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2007 and managed by Mr Sandip Shah and his family,
TTPL manufactures adhesive tape rolls and electrical tape rolls
used for packaging. It commenced manufacturing operations in 2014
and has the tape manufacturing unit in Surendranagar, Gujarat.


TAKUMA ENERGY: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Takuma Energy India Private Limited
        Registered Address:
        Office C3-32 S No. 208/206
        Solitaire Business Hub Wakad
        Pune, Maharashtra, India, 411007
        
Insolvency Commencement Date: March 21, 2024

Court: National Company Law Tribunal, Mumbai Bench

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

Insolvency professional: Dipti Narayan Mundra

Interim Resolution
Professional: Dipti Narayan Mundra
              A-109, J/1, 1st floor
              Shram Siddhivinayak Premises Society
              Wadala Truck Terminal, Wadala East
              Mumbai City, Maharashtra 400037
              Email - ip.dipti@gmail.com

                  -- and  --

              4th Floor, Oriental Mansion Building,
              Madame Cama Rd, Dr Ambedkar Statue Chowk Area,
              Colaba, Mumbai, Maharashtra 400001
              Email - takumacirp@gmail.com

Last date for
submission of claims: April 9, 2024


TRIVENI KRIPA: CRISIL Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Triveni Kripa
Enterprises Limited Liability Partnership (TKELLP) continues to be
'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan         20         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with TKELLP for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TKELLP, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
TKELLP is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of TKELLP continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

TKELLP was set up in 2011 by Triveni group to construct and develop
the Golden Leaf project at Tonk road in Jaipur. The project is
being developed as a mix of commercial and residential units with a
total saleable area of 1.4 lakh sq ft, at a cost of INR70 crore.
Total built-up area of the project is 1.85 lakh sq ft.

TKELLP is promoted by the partners of Triveni group with Mr Ram
Chandra Agarwal and his son Mr. Vipul Agarwal looking after all the
construction and finance related activities of the project.


UMAXE PROJECTS: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Umaxe
Projects Private Limited (UPPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         10         CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit             5.5       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with UPPL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of UPPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on UPPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
UPPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

UPPL, incorporated in 2007, was earlier managed by Mr Sanjay Garg.
In February 2015, Mr Harpal Singh Gambhir (an industrialist) joined
as director, and Mr S K Chhabra (a chartered accountant) joined as
chief executive officer. The Delhi-based company undertakes
construction, including civil construction for government projects,
and participates in projects for builders.



UNIK BAZAR: CRISIL Keeps B Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Unik Bazar
Limited (UBL) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            4.8        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Cash Credit           12          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     8.6        CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan              2.9        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan              1.7        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with UBL for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of UBL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on UBL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
UBL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in 2011 and promoted by Mr Ankit Gupta, Ms Alka Goyal,
and Mr Dinesh Harbhajanka, UBL is in the retail chain business.
Under its Unik Bazar brand, the company operates 17 retail stores
in tier-2 and tier-3 locations in Uttar Pradesh. It also
manufactures shirts at its unit in Rithala, Delhi, and sells under
the John Bull brand through Unik Bazar.


USHA SPINNERS: CRISIL Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Usha Spinners
(Usha) continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            12         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with Usha for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Usha, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on Usha
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
Usha continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Usha, set up in 1998, is a Ludhiana-based proprietorship concern
that trades in cotton, polyester yarn, and cloth. Its operations
are managed by Mr Gautam Thapar.


V CELLULOIDS: CRISIL Keeps B Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of V Celluloids
(VC) continue to be 'CRISIL B/Stable Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Proposed Long Term     5.5        CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

   Proposed Long Term
   Bank Loan Facility     4.5        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with VC for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VC is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of VC
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

VC, set up in 2012 and is engaged in the film exhibition and
distribution business. The firm has 30 screens across Andhra
Pradesh which also provides food and beverages.


VHP REAL: CRISIL Keeps B Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of VHP Real
Estate (JV) (VHP) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                         Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Proposed Long Term      2.5        CRISIL B/Stable (Issuer Not
   Bank Loan Facility                 Cooperating)

   Term Loan              20          CRISIL B/Stable (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with VHP for
obtaining information through letter and email dated March 15, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VHP, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VHP
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VHP continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

VHP is a joint venture between Venus Star Constructions Pvt Ltd and
Hira Panna Construction Pvt Ltd. It is undertaking construction of
a residential real estate project, The Landmark Gold, in Patna.
Firm follows percentage completion method of accounting revenues.


VINS MONOFIL: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: Vins Monofil Private Limited
        Pallavilai, East of Melaperuvilai,
        Asaripallam Post, Nagercoil
        Tamil Nadu, India, 629201

Liquidation Commencement Date: March 28, 2024

Court: National Company Law Tribunal Kolkata Bench

Liquidator: J. JOHN OHILVI
     3/95A, East of Medical College Asaripallam,
            Nagercoil - 629201 Tamil Nadu
            Email: johnohilvi@yahoo.co.in
            Tel No: 9842134891

Last date for
submission of claims: April 27, 2024


WDB MEDICAL: Voluntary Liquidation Process Case Summary
-------------------------------------------------------
Debtor: WDB Medical Data India Private Limited
        1st Floor, Gopala Krishna Complex
        45/3 Residency Road MG Road
        Shanthala Nagar Ashok Nagar
        Bangalore, Karnataka,
        India 560025

Liquidation Commencement Date: March 27, 2024

Court: National Company Law Tribunal, Bengaluru Bench

Liquidator: Medha Kulkarni
            D-301, Admiralty Square
            13 Cross, 6 Main
            Indirangar, Bangalore 560038
            Email: wdbmedicaldata@gmail.com
            Tel: 9945180862

Last date for
submission of claims: April 26, 2024


WHITE LEAF: Voluntary Liquidation Process Case Summary
------------------------------------------------------
Debtor: White Leaf Software Solutions Private Limited
        No. GC, Alsa Glenridge 32
        Langford Road, Bangalore
        Karnataka, India 560025

Liquidation Commencement Date: March 27, 2024

Court: National Company Law Tribunal, Bengaluru Bench

Liquidator: Thirupal Gorige
            No. 87, 2nd Floor, 21st Cross
            7th Main, N.S. Palya, BTM 2nd Stage
            Bangalore 560076
            Karnataka, Inida
            Cell: +91 94483 84064
            LL: +91 80 7963 4233
            Email: gthirupal@gmail.com

Last date for
submission of claims: April 26, 2024




=========
M A C A U
=========

MELCO RESORTS: S&P Rates New Senior Unsecured Notes 'BB-'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB-' long-term issue rating to the
U.S. dollar-denominated senior unsecured notes that Melco Resorts
Finance Ltd. (MRF) proposes to issue. Given the company's plans to
use the proceeds to repay existing debt, the transaction is neutral
for leverage.

This issuance, together with an extension of the 2020 credit
facilities by two years to April 2027, and the tender offer at
Studio City Finance Ltd. could reduce the group's refinancing risks
for the 2025 maturities.

The rating on the proposed notes reflects S&P's long-term issuer
credit rating on Melco Resorts (Macau) Ltd. (MRM)
(BB-/Positive/--). MRM is a key operating subsidiary and rating
driver of the Melco group, while MRF is a financing parent company
of MRM.

S&P believes the risk of subordination is insignificant in MRF's
capital structure. As of end-2023, the Macau-based company had
about US$4.1 billion in senior notes and about US$1.05 billion of
outstanding bank loans.




===============
M A L A Y S I A
===============

MERIDIAN BHD: Falls Under PN17 After Auditor Expresses Disclaimer
-----------------------------------------------------------------
theedgemalaysia.com reports that Meridian Bhd was classified as a
Practice Note 17 (PN17) affected listed issuer on April 8 after the
property developer's external auditor expressed a disclaimer of
opinion in its audited financial statements for the period ended
Sept. 30, 2023.

A disclaimer of opinion simply means that an auditor does not
express an opinion. It is one of the four conclusions - the other
three being unqualified, qualified, and adverse opinions - by audit
firms in expressing whether a set of financial statements provides
a true and fair view of a company's financials.

In its audit report submitted to Bursa Malaysia by Meridian,
auditor Jamal, Amin & Partners said the disclaimer of opinion was
issued as the firm had not been able to obtain sufficient
appropriate audit evidence in respect of the estimates and
assumptions made in the cash flow projections prepared by
Meridian's management, assuming the group will continue as a going
concern, according to theedgemalaysia.com.

This includes the group incurring net losses totaling MYR108.24
million for the past three financial years and a situation where
the group's current liabilities exceed its current assets, the
auditor said, theedgemalaysia.com discloses.

Additionally, the group's cash reserves are low for both entities,
with the group's bank overdraft exceeding its credit limit, and a
significant portion of the group's inventory is encumbered by a
private caveat, complicating its disposal.

Also, outstanding tax payments and penalties have resulted in legal
actions by tax authorities against the group, noted the auditor.

"The above events and conditions indicate the existence of material
uncertainties which cast significant doubt on the ability of the
group and the company to continue as going concerns," said Jamal,
Amin & Partners.

theedgemalaysia.com relates that the auditor also said that
Meridian's properties with a total carrying amount of MYR50.43
million, or 28% of the group's total assets, are still registered
under a former subsidiary company that has been disposed of
previously, but the titles have not been transferred to the group.

The former subsidiary company, responsible for transferring the
property titles, was wound up by the High Court and is presently
under receivership, raising uncertainties regarding the financial
impact on the group, the firm, as cited by theedgemalaysia.com,
noted.

"Accordingly, we are unable to determine whether potential
adjustments are necessary, if any, and unable to confirm the
veracity of the related information that may require disclosure in
the financial statements of the group," the auditor said.

It also stated its inability to confirm the amount and existence of
a MYR2.97 million term loan and was unsuccessful in obtaining any
other audit evidence regarding its accuracy and existence, adds
theedgemalaysia.com.

theedgemalaysia.com says Meridian, renowned for completing several
properties, including The Summit Subang USJ, The Summit Bukit
Mertajam, and The Arc @ Cyberjaya, finally submitted its 2023
annual report last week to avoid its shares and warrant being
suspended from trading after missing the March 31 deadline to
submit its annual audited financial statements contained in its
annual report.

In the company's most recent quarter - the three-month period ended
Nov 30, 2023 - it posted a net loss of MYR1.22 million as its
revenue of MYR321,000 was dwarfed by cost of sales of MYR602,000,
administrative expenses of MYR739,000 and finance cost of
MYR242,000, theedgemalaysia.com discloses.

For the 17-month financial year ended Nov. 30, 2023, Meridian
posted a net loss of MYR16.41 million on revenue of MYR3.8
million.

Meridian Berhad -- https://www.meridianbhd.com.my/ -- is a
Malaysia-based investment holding company. The Company’s segments
include Property development, Construction, Property Investment and
Others. The Property development segment is engaged in the
development of residential and commercial properties, and
agricultural lots.




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

AFTERMATH CONTRACTORS: Court to Hear Wind-Up Petition on April 18
-----------------------------------------------------------------
A petition to wind up the operations of Aftermath Contractors
Limited will be heard before the High Court at Auckland on April
18, 2024, at 10:45 a.m.

Abdul’s Truck, Trailer & Vehicle Services Limited filed the
petition against the company on Feb. 27, 2024.

The Petitioner's solicitor is:

          Peter James Broad
          Level 1, 1/208 Great South Road
          Papatoetoe
          Auckland


LYPANOSYS (NZ): Creditors' Proofs of Debt Due on May 3
------------------------------------------------------
Creditors of Lypanosys (NZ) Limited are required to file their
proofs of debt by May 3, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on April 3, 2024.

The company's liquidators are:

          Victoria Toon
          Corporate Restructuring Limited, Chartered Accountants
          PO Box 10100
          Dominion Road
          Auckland 1446


MEL DEVERY: Creditors' Proofs of Debt Due on May 24
---------------------------------------------------
Creditors of Mel Devery Limited are required to file their proofs
of debt by May 24, 2024, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on April 2, 2024.

The company's liquidators are:

          Rodgers Reidy (NZ) Limited
          PO Box 45220
          Te Atatu Peninsula
          Auckland 0651


MENDER CONSTRUCTION: Court to Hear Wind-Up Petition on April 12
---------------------------------------------------------------
A petition to wind up the operations of Mender Construction Limited
will be heard before the High Court at Auckland on April 12, 2024,
at 10:00 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on Jan. 15, 2024.

The Petitioner's solicitor is:

          Hosanna Tanielu
          Inland Revenue, Legal Services
          5 Osterley Way
          Manukau City
          Auckland 2104


STEELYS 'R US: Court to Hear Wind-Up Petition on April 15
---------------------------------------------------------
A petition to wind up the operations of Steelys 'R Us Limited will
be heard before the High Court at Hamilton on April 15, 2024, at
10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on March 11, 2024.

The Petitioner's solicitor is:

          Christina Anne Hunt
          Inland Revenue, Legal Services
          21 Home Straight
          PO Box 432
          Hamilton


SUNFED MEATS: Plant-Based Meat Business Shutting Down
-----------------------------------------------------
Stuff.co.nz reports that New Zealand plant-based "meat" business
Sunfed's chief executive and founder Sukul Lee said she is in the
process of shutting it down.

Stuff says the business has been running since 2015, aiming to
provide meat alternatives.

The products are sold in New Zealand and Australia.

But Ms. Lee posted a video to the business Facebook page on April 8
saying the inventory was now being run down and the stock was no
longer available in Woolworths Australia, Stuff relays.

In New Zealand, remaining stock would run out in two months, she
said.

She said the business had not been able to move to a position where
it had a positive cashflow, Stuff relays. The pandemic had put the
business under pressure due to staff shortages, supply chain
problems and skyrocketing costs, and the business was "very lean
for far too long", she said.

Venture capital investors who had backed the business through its
growth and development had started to pull back, she said.

New capital, was harder to get post-Covid and existing venture
capital investors were no longer interested in supporting the
business to the same extent, she said.

According to Stuff, Ms. Lee said some investors had jumped into a
"plant-based gold rush" thinking they would see valuations increase
quickly.

But the physical world of a food business was a longer-term play,
she said.

She said the "plant-based bubble" had now burst and the category
was "undergoing a reality check".

"With unfavourable market conditions, I have had to make the
decision to shut the company down in a solvent, orderly fashion.
It's been a decade-long journey in starting, building and now
closing Sunfed. I'm humbled by it and grateful for it."




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

CAREHEALTH PLUS: IC Placed HMO Under Conservatorship
----------------------------------------------------
Bilyonaryo.com reports that the Insurance Commission (IC) has taken
action against health maintenance organization Carehealth Plus
Systems International Inc. due to its repeated failure to address
policyholder complaints regarding health insurance claims.

To protect the public and Carehealth members, the IC has placed the
company under conservatorship, Bilyonaryo.com discloses.

"The Commission finds Carehealth to be continually incapable of
complying with the order of the IC to address the issues and
concerns of the complainants against it. The additional complaints
against Carehealth even reveal that the HMO has not improved its
services towards its members, nor has it paid its obligations with
accredited healthcare providers," the report quotes Insurance
Commissioner Rey Regalado as saying.

Bilyonaryo.com says the IC recently denied Carehealth's motion to
lift a previously issued cease-and-desist order and their
application for license renewal.




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

FACTORY OUTLET: Court to Hear Wind-Up Petition on April 19
----------------------------------------------------------
A petition to wind up the operations of Factory Outlet Concept Pte
Ltd (formerly known as Picket & Rail Holdings Pte Ltd) will be
heard before the High Court of Singapore on April 19, 2024, at
10:00 a.m.

Singapore G Pte Ltd filed the petition against the company on March
15, 2024.

The Petitioner's solicitors are:

          WongPartnership LLP
          12 Marina Boulevard
          #28-01, Marina Bay Financial Centre Tower 3
          Singapore 018982


GANPAT INTERNATIONAL: Court Enters Wind-Up Order
------------------------------------------------
The High Court of Singapore entered an order on March 27, 2024, to
wind up the operations of Ganpat International Pte. Ltd.

The company's liquidator is:

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


GOLDEN CUP: Creditors' Proofs of Debt Due on May 6
--------------------------------------------------
Creditors of Golden Cup Pte. Ltd. are required to file their proofs
of debt by May 6, 2024, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on March 26, 2024.

The company's liquidators are:

          Ong Kok Yeong David
          c/o 9 Raffles Place
          #26-01 Republic Plaza
          Singapore 048619


JU FENG: Court Enters Wind-Up Order
-----------------------------------
The High Court of Singapore entered an order on March 22, 2024, to
wind up the operations of Ju Feng Le International Pte. Ltd.

RHB Bank Berhad filed the petition against the company.

The company's liquidators are:

         Leow Quek Shiong
         Gary Loh Weng Fatt
         BDO Advisory
         600 North Bridge Road
         #23-01 Parkview Square
         Singapore 188778


UGLY FOWL: Commences Wind-Up Proceedings
----------------------------------------
Members of Ugly Fowl Pte Ltd on March 28, 2024, passed a resolution
to voluntarily wind up the company's operations.

The company's liquidator is:

          Goh Tiong Hong
          60 Paya Lebar Road
          #10-03 Paya Lebar Square
          Singapore 409051



                           *********


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 2024.  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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                *** End of Transmission ***