---

       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, September 4, 2024, Vol. 27, No. 178

                           Headlines



A U S T R A L I A

COMMTEL NETWORK: First Creditors' Meeting Set for Sept. 11
COURTENAY HOUSE: Ex-Director Sentenced to 11 Years Imprisonment
DYNAMAX RV: Second Creditors' Meeting Set for Sept. 9
G & J HOLDING: First Creditors' Meeting Set for Sept. 11
LOB NOMINEES: Seafood Restaurant Lobster Cave at Risk of Closure

OCEAN GUARDIAN: Collapses Into Liquidation
REENSPEC PLUMBING: Second Creditors' Meeting Set for Sept. 10
RENEWABLE MOBILE: Second Creditors' Meeting Set for Sept. 9


C H I N A

[*] CHINA: Big Three Airlines Shrink Losses in First Half


I N D I A

ACCURA PRODUCTIONS: Insolvency Resolution Process Case Summary
ADARSH SUPER: Insolvency Resolution Process Case Summary
ADITYA AUTO: CARE Keeps B- Debt Rating in Not Cooperating Category
AGGARWAL COAL: CARE Keeps B- Debt Rating in Not Cooperating
AMPOOL INDIA: Voluntary Liquidation Process Case Summary

ARION MOVIE: Insolvency Resolution Process Case Summary
BHANDARI FOILS: CARE Keeps D Debt Ratings in Not Cooperating
CAMPUS IMPEX: Insolvency Resolution Process Case Summary
CETHAR CONSTRUCTIONS: Liquidation Process Case Summary
CHAUDHARY AGRO: CARE Keeps B- Debt Rating in Not Cooperating

CIAN HEALTHCARE : Insolvency Resolution Process Case Summary
COFFEE DAY: Insolvency Resolution Process Case Summary
DRRSB PCT: Ind-Ra Moves BB+ Term Loan Rating to NonCooperating
EDRISHTI MOVIES: Insolvency Resolution Process Case Summary
ETERNAL MOTORS: CARE Keeps D Debt Ratings in Not Cooperating

G. S. ROADWAYS: CARE Keeps B- Debt Rating in Not Cooperating
I P RICE: CARE Keeps B- Debt Rating in Not Cooperating Category
IMMPLY INDIA: Voluntary Liquidation Process Case Summary
INDUS CLEAN: Voluntary Liquidation Process Case Summary
JAYPEE INFRA: Suraksha Earmarks 2,552 Acre of Land for Lenders

KEDARESHWAR BUILDERS: CARE Keeps D Debt Rating in Not Cooperating
KRISHNA PRASAD: CARE Keeps C Debt Rating in Not Cooperating
MOUNTVIEW CONSULTANCY: Insolvency Resolution Process Case Summary
NARMADA FIBRES: CARE Keeps B- Debt Rating in Not Cooperating
NATURAL SELECTIONS: CARE Keeps B- Debt Rating in Not Cooperating

PARAS BARTER: Voluntary Liquidation Process Case Summary
PAYSEND INDIA: Voluntary Liquidation Process Case Summary
PAYTAIL COMMERCE: Insolvency Resolution Process Case Summary
PRAMUKH AUTOMOTIVE: CARE Cuts Rating on INR5.0cr ST Loan to D
PROCESS CONSTRUCTION: CARE Keeps D Debt Ratings in Not Cooperating

RAM AABHOSHAN: CARE Keeps B- Debt Rating in Not Cooperating
RAM RAGHU: CARE Keeps D Debt Rating in Not Cooperating Category
RELIABLE CASHEW: Liquidation Process Case Summary
SIGMA-C INFRASTRUCTURE: CARE Keeps D Rating in Not Cooperating
SPL MOTORS: CARE Keeps B- Debt Rating in Not Cooperating Category

SULAIMAN STEELS: CRISIL Keeps D Debt Ratings in Not Cooperating
SUPREME BATTERIES: CARE Keeps D Debt Ratings in Not Cooperating
SUVEERA AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating
SWAROOP HOMES: CARE Keeps D Debt Rating in Not Cooperating
TAYAL POLYPLAST: CARE Keeps B- Debt Rating in Not Cooperating

TECHNICOLOUR DREAM: Insolvency Resolution Process Case Summary
TENNY JOSE: CARE Keeps D Debt Ratings in Not Cooperating Category
THWINK BIG: Insolvency Resolution Process Case Summary
TRISTAR GLOBAL: CRISIL Keeps D Debt Ratings in Not Cooperating
TUFFWARE INDUSTRIES: CRISIL Keeps D Ratings in Not Cooperating

TULIP ADVISORS: Insolvency Resolution Process Case Summary
TWIN CITIES: CRISIL Keeps D Debt Ratings in Not Cooperating
VEE KAY: CARE Keeps B- Debt Rating in Not Cooperating Category
VIDEO WORKS: Insolvency Resolution Process Case Summary
VINOD TEXWORLD: CRISIL Keeps D Debt Ratings in Not Cooperating

Z.H. INDUSTRIES: CARE Keeps B- Debt Rating in Not Cooperating
ZOREK EDUCATION: Insolvency Resolution Process Case Summary


N E W   Z E A L A N D

GRAND CATHEDRAL: First Creditors' Meeting Set for Sept. 9
NONO MAGS: Court to Hear Wind-Up Petition on Sept. 10
TECHNOLOGY HOLDINGS: Smartpay Buys Business Out of Receivership
TERRIYUMMIES LIMITED: Court to Hear Wind-Up Petition on Sept. 27
TOW MASTER: Court to Hear Wind-Up Petition on Sept. 10

UBIQUITOME LIMITED: First Creditors' Meeting Set for Sept. 11
WANAKA APPAREL: Placed Into Voluntary Liquidation


P H I L I P P I N E S

DEL MONTE: US$2.3 Billion Debt 'Unsustainable', Campos Admits


S I N G A P O R E

AL FALAH: Creditors' Proofs of Debt Due on Oct. 2
BHOP CONSULTING: Creditors' Proofs of Debt Due on Oct. 3
HARISH LOGISTICS: Court Enters Wind-Up Order
SHINHAN TECH-ENGINEERING: Court Enters Wind-Up Order
YEN DESIGN: Court Enters Wind-Up Order



S O U T H   K O R E A

[*] S. KOREA: To Cut 14 Troubled Public Firms US$24BB Debt by 2026

                           - - - - -


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

COMMTEL NETWORK: First Creditors' Meeting Set for Sept. 11
----------------------------------------------------------
A first meeting of the creditors in the proceedings of Commtel
Network Solutions Pty Ltd will be held on Sept. 11, 2024 at 11:00
a.m. via virtual meeting only.

Andrew Lyall Knight and Sebastian David Hams of KordaMentha were
appointed as administrators of the company on Aug. 30, 2024.


COURTENAY HOUSE: Ex-Director Sentenced to 11 Years Imprisonment
---------------------------------------------------------------
Former Courtenay House director Tony Iervasi has been sentenced in
the Supreme Court of NSW to 11 years imprisonment with a non-parole
period of seven years for criminal charges relating to the
operation of the Courtenay House ponzi scheme.

The sentence included a significant discount considering Mr.
Iervasi's guilty plea and other factors.

ASIC Deputy Chair Sarah Court said, 'ASIC pursued this matter as
part of our commitment to protect investors. Mr. Iervasi's actions
betrayed the trust of his clients and inflicted damage on hundreds
of people. Today's sentence demonstrates that such deliberate
fraudulent activities will not be tolerated.'

When handing down the sentence, Justice Sweeney said Mr Iervasi was
dishonest on an 'egregious scale', 'establishing the veneer of a
successful wealth creating business . . . which sought to reassure
and persuade victims to invest'.

In sentencing Mr. Iervasi, Justice Sweeney took into account 'the
total period of offending, of about 6-1/2 years, the nature and
circumstances of the offending; which included sustained deceit,
the large number of victims, the total amount of money they
deposited, the total net loss to victims of $54 million, and the
total amount of dishonestly obtained funds used for the offender's
benefit, of about AUD12 million'.

'As well as the loss of life savings and family homes, the harm
went beyond financial losses to breakdowns of marriages and family
relationships, emotional, physical and mental health issues, and
the need to delay retirement or resume working in the face of a
loss of financial security in their mature years,' Justice Sweeney
said.

Mr. Iervasi pleaded guilty to four offences of engaging in
dishonest conduct in relation to a financial product or financial
service contrary to s1041G Corporations Act 2001 (Cth) between
December 13, 2010 and April 21, 2017, when he was the sole director
and shareholder of Courtenay House, which raised around AUD180
million from around 585 investors.

Mr. Iervasi also pleaded guilty to an offence of carrying on an
unlicensed financial services business contrary to s 911A
Corporations Act 2001 (Cth). He also admitted his guilt in relation
to a further two s1041G offences which were taken into account on
sentence.

The Courtenay House companies, based out of Bondi Junction, NSW,
represented to investors that their funds would be traded in forex
and futures markets when only around three per cent on moneys
deposited was actually traded.

Instead, monthly amounts paid to investors were derived from
capital deposited by new investors. This has been referred to, and
admitted by Mr. Iervasi, as a ponzi scheme.

The matter was prosecuted by the Office of the Director of Public
Prosecutions (Cth) after an investigation and referral by ASIC.

The Courtenay House companies appointed liquidators on May 16,
2017. 

On the application of ASIC, the Supreme Court of NSW made interim
orders on May 1, 2017 against Tony Iervasi, Courtenay House,
Courtenay House Trading Group (and others) by consent.
 
These orders prevented those parties from carrying on a financial
services business in Australia and limited the extent to which they
could deal with their cash and other assets. ASIC sought these
orders to preserve funds that might be available for the benefit of
investors in the Courtenay House companies who had lost money and
to prevent these companies from accepting further funds from
investors. 

The liquidators of Courtenay House Capital Trading have distributed
dividends of 28 cents in the dollar. The liquidation process is
ongoing.


DYNAMAX RV: Second Creditors' Meeting Set for Sept. 9
-----------------------------------------------------
A second meeting of creditors in the proceedings of Dynamax Rv Pty
Ltd has been set for Sept. 9, 2024 at 3:00 p.m. via Microsoft
Teams.

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 Sept. 8, 2024 at 5:00 p.m.

Matthew Kucianski of Worrells was appointed as administrator of the
company on Aug. 5, 2024.


G & J HOLDING: First Creditors' Meeting Set for Sept. 11
--------------------------------------------------------
A first meeting of the creditors in the proceedings of G & J
Holding Pty Ltd will be held on Sept. 11, 2024 at 11:00 a.m. at
Level 5, Suite 6, 350 Collins Street in Melbourne.

Simon Patrick Nelson of BPS Reconstruction and Recovery were
appointed as administrators of the company on Aug. 30, 2024.


LOB NOMINEES: Seafood Restaurant Lobster Cave at Risk of Closure
----------------------------------------------------------------
News.com.au reports that the boss of a renowned fine dining
restaurant is linked to several food-related businesses which have
quietly collapsed with debts of more than AUD11 million - and now
his famed eatery is also at risk of closure.

News.com.au says Melbourne's lavish Lobster Cave is no stranger to
making headlines. In 2017, a Liberal politician was seen having
dinner with an alleged Melbourne mafia boss in an incident jokingly
dubbed "lobster with a mobster".

And in May, an elderly driver accidentally drove through the
restaurant full of unsuspecting diners, causing them to dive for
cover. Luckily a table of 10 right near the wall of the crash had
vacated just before it happened.

According to news.com.au, the restaurant's signature dish is its
'Fergburger' named after its director and executive chef, Vasilios
Fergadiotis, who goes by Bill Ferg.

The hospitality head honcho is now finding himself at the centre of
another story after he took over a number of food wholesalers
earlier this year - one of which has been in business for nearly
100 years - which have all gone bust in recent months with millions
of dollars of debt, news.com.au relates.

And another of Mr. Ferg's businesses was in court on Aug. 28
because a creditor is trying to force it into liquidation to
recover what they claim is a AUD897,000 debt.

His flagship restaurant could also be at risk of collapse. Last
week, a loan company issued a winding up notice against Lob
Nominees Pty Ltd, which has a business name of Lobster Cave,
news.com.au reports.

"We are limited in what we can say at this time because of
litigation and negotiation matters, as we deal with the
challenges," Mr. Ferg told news.com.au.

Flexicommercial lodged winding up proceedings against Mr. Ferg's
lobster business last week, according to an ASIC notice.

The hearing is due to take place later this month at the NSW
Supreme Court, on September 16, news.com.au discloses.

Flexicommercial is a subsidiary of humm Group Limited, an
Australian fintech which offers credit, commercial lending and buy
now pay later services among others, which could indicate what the
debt is about.

News.com.au adds Mr. Ferg is also the sole director of Extramile
Trading, which went into liquidation earlier this year with debts
of AUD8.6 million.

Extramile operated as a wholesaler of dairy, meat and seafood to
the hospitality and food service industry.


OCEAN GUARDIAN: Collapses Into Liquidation
------------------------------------------
News.com.au reports that an Australian company that protected
surfers, swimmers and divers from shark attacks has collapsed.

At the end of last week, Ocean Guardian, based in NSW, went into
liquidation.

According to news.com.au, the retailer, headquartered in Sydney's
Northern Beaches, has been in business since 2002 and is perhaps
best known for its innovative 'Shark Shield' shark repellent
device, which kept its users safe from vicious or fatal shark
attacks.

The Shark Shield tech, which sells for around AUD800, worked by
disrupting the highly sensitive receptors in sharks' snouts using
an electric field, making the shark turn away from the area - but
would leave the animal with no permanent damage.

The tech was popular with ocean adventurers, with some divers not
daring to venture into the deep blue without their device.

Some big names had also thrown their weight behind Ocean Guardan,
like Tom Carroll a two-time World Surfing Champion, who was a
shareholder and brand ambassador.

News.com.au relates that the West Australian government was also a
proponent of the device, offering a AUD200 rebate for the purchase
of a shark shield to reduce vicious and fatal shark attacks in its
beaches.

However, the ocean company was on the rocks in recent years.

Ocean Guardian had twice tried to make its mark on the Australian
Stock Exchange, first trying to debut on the ASX in 2018 and then
again in 2022.

But each time it failed, leaving the ocean investor scrambling for
money, news.com.au says.

The business was on the precipice of securing AUD5 million from a
"ultra high net worth" investor but this fell through in April this
year.

As a result, in May, Ocean Ocean Guardian appointed Olga Litosh of
insolvency firm Quartz Advisory as an administrator, news.com.au
discloses.

To make matters more complicated, the company also went into
receivership in May, with the appointed receiver, Andrew Quinn of
Mackay Goodwin, taking over Ocean Guardian.

That meant the business ceased to trade with receivers taking
control of the company's assets.

According to a report the administrator submitted to Australia's
corporate regulator, the business owes AUD602,000 to creditors,
news.com.au discloses.

A whopping AUD13.8 million had been invested into the company from
a pool of around 150 shareholders.

Ocean Guardian incurred losses of AUD1.2 million in the 2023
financial year and lost a further AUD336,000 in the most recent
reporting period, news.com.au notes.

Then on Aug. 30, creditors voted to wind up the company and place
it into liquidation, adds news.com.au.


REENSPEC PLUMBING: Second Creditors' Meeting Set for Sept. 10
-------------------------------------------------------------
A second meeting of creditors in the proceedings of Greenspec
Plumbing & Drainage Pty Ltd has been set for Sept. 10, 2024 at
10:00 a.m. at the offices of Loebenstein Insolvency Services Pty
Ltd at Suite 6, 115 Hawthorn Road in Caulfield.

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 Sept. 9, 2024 at 5:00 p.m.

Joseph Loebenstein and Andrew Cameron of Loebenstein Insolvency
Services were appointed as administrators of the company on Aug. 6,
2024.


RENEWABLE MOBILE: Second Creditors' Meeting Set for Sept. 9
-----------------------------------------------------------
A second meeting of creditors in the proceedings of Renewable
Mobile Group Pty Ltd has been set for Sept. 9, 2024 at 10:30 a.m.
via teleconference.

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 Sept. 6, 2024 at 5:00 p.m.

Matthew Charles Hudson and Terry Grant van der Velde of SV Partners
were appointed as administrators of the company on Aug. 5, 2024.




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

[*] CHINA: Big Three Airlines Shrink Losses in First Half
---------------------------------------------------------
Yicai Global reports that the losses racked up by China's three
largest airlines continued to narrow in the first half of the year,
thanks to the recovery of the tourism industry.

Air China's net loss shrank 19 percent to CNY2.8 billion (USD394.1
million) in the six months ended June 30 from a year earlier,
according to the national flag carrier, Yicai discloses. Revenue
soared 33 percent to CNY79.5 billion (USD11.2 billion).

According to Yicai, China Eastern Airlines and China Southern
Airlines reported net losses of CNY2.7 billion and CNY1.2 billion
in the first half, both narrowing 57 percent from the same period
last year. Their revenues rose 30 percent and 18 percent to CNY64.2
billion and CNY84.8 billion, respectively.

Yicai relates that China Eastern said it failed to turn profitable
in the first half because of the intense domestic competition,
worse-than-expected recovery of some overseas markets, rivalry from
high-speed rails, and low ticket prices and daily aircraft
utilization rate.

Air China and China Southern also mentioned the impact of
fluctuations in oil prices and foreign exchanges, and extreme
weather.

Three of China's four leading private carriers reported profits in
the first half, Yicai notes.

Spring Airlines' net profit widened 60 percent to CNY1.4 billion,
while that of Juneyao Airlines skyrocketed over six-fold to CNY490
million (USD68.9 million). China Express Airlines turned a CNY752.2
million net loss into a CNY26.2 million (USD3.7 million) net
profit.

Yicai adds that Hainan Airlines Holding posted a net loss of CNY640
million, narrowing by more than 60 percent in the period.




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

ACCURA PRODUCTIONS: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Accura Productions Private Limited
        Manek Mahal,6th Floor,
        90 Veer Nariman Road,
        Churchgate, Mumbai,
        Maharashtra, India - 400020

Insolvency Commencement Date: July 19, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: January 17, 2025

Insolvency professional: Chandra Prakash Jain

Interim Resolution
Professional: Chandra Prakash Jain
              Truue IPE Private Limited
              D-501, Ganesh Meridian,
              Opp. High Court,
              S. G. Road, Ahmedabad 380060.
              Email: jain_cp@yahoo.com

              -- and --

              112, 1st Floor, Rex Chamber, Ballard Estate,
              Walchand Hira Chand Marg,
              Fort, Mumbai-400001
              Email: cirp.accura@gmail.com

Last date for
submission of claims: August 3, 2024


ADARSH SUPER: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Adarsh Super Construction Private Limited
Plot No. E-328, Phase 8-A, Industrial Area,
        Opposite New Judicial Complex
        Mohali, Punjab - 160070, India

Insolvency Commencement Date: August 12, 2024

Estimated date of closure of
insolvency resolution process: February 8, 2025

Court: National Company Law Tribunal, Chandigarh Bench

Insolvency
Professional: Ashok Kumar Kakkar
       H. No 538, Sector 48 A,
              Shantivan Society,
              Chandigarh 160047
              Email: akakkar.58@gmail.com
              Email: cirp.adarshsuperconstruction@gmail.com

Last date for
submission of claims: August 26, 2024


ADITYA AUTO: CARE Keeps B- Debt Rating in Not Cooperating Category
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Aditya Auto
Industries (AAI) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.80       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated July 27, 2023,
placed the rating(s) of AAI under the 'issuer non-cooperating'
category as AAI had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. AAI continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 11, 2024, June 21, 2024 and July 1, 2024.

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

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

Greater Noida-based (Uttar Pradesh) AAI, a proprietorship concern,
was established in 2003 by Ms. Neetu Rajput. AAI is engaged in the
manufacturing of sheet metal components and plastic moulding
components.

AGGARWAL COAL: CARE Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Aggarwal
Coal Company (ACC) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      15.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated August 8, 2023,
placed the rating(s) of ACC under the 'issuer non-cooperating'
category as ACC had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. ACC continues to
be non-cooperative despite repeated requests for submission of
information through emails, phone calls and a letter/email dated
June 23, 2024, July 3, 2024 and July 13, 2024.

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

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

Incorporated in 2002, Aggarwal Coal Company (ACC) is engaged in
wholesale trading of coal. The firm was established in the year
2002 as a proprietorship concern, with Mr. Deepak Garg as its
proprietor. In 2012, the firm was reconstituted as a partnership
firm with Mr. Deepak Garg and his wife Mrs. Rachita Aggarwal as the
two partners. The same was, however, dissolved in Mar-15,
subsequent to which Mr. Deepak Garg remains the sole proprietor of
the firm.

AMPOOL INDIA: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: Ampool India Private Limited
Office No. 501, Corporate Plaza,
        SR 106A, Bhamburda,
        Pune, Maharashtra, India, 411016

Insolvency Commencement Date: August 14, 2024

Court: National Company Law Tribunal Pune Bench

Liquidator: CS Nithya Pasupathy
     Old No. 28 (New No. 10) ,
            3rd Cross Street, R.K Nagar,
            Raja Annamalai Puram,
            Chennai, Tamil Nadu 600028
            Email: nithya@prowiscorporate.com
            Tel No: 9566033007

Last date for
submission of claims: September 13, 2024


ARION MOVIE: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: Arion Movie Productions Private Limited
        8th Floor, 803/804, Lotus Grandeur,
        Veera Desai Road,
        Andheri West, Mumbai,
        Maharashtra, India, 400053

Insolvency Commencement Date: July 19, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: January 17, 2025

Insolvency professional: Chandra Prakash Jain

Interim Resolution
Professional: Chandra Prakash Jain
              Truue IPE Private Limited
              D-501, Ganesh Meridian,
              Opp. High Court, S. G. Road,
              Ahmedabad - 380060
              Email: jain_cp@yahoo.com
              Email: cirp.arion@gmail.com

Last date for
submission of claims: August 3, 2024


BHANDARI FOILS: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Bhandari
Foils & Tubes Limited (BFTL) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      90.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank    103.26       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 7, 2023,
placed the rating(s) of BFTL under the 'issuer non-cooperating'
category as BFTL had failed to provide information for monitoring
of the rating. BFTL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated April 22, 2024, May 2, 2024,
May 12, 2024.

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

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

Incorporated in 1993, BFTL (CIN: U74110TN1993PLC024327) is promoted
by the Bhandari group based out of Chennai. BFTL is engaged into
the business of manufacturing stainless steel (SS) welded tubes and
pipes, bright annealing tubes, cold rolled SS
coils, strips and foils and pipe fittings. BFTL's manufacturing
unit is located at Dewas, Madhya Pradesh and had an installed
capacity for manufacturing of 15,000 metric tons per annum (MTPA)
of SS tubes, strips, section/components and bright annealing tubes
along with 8,000 MTPA for cold-rolled SS (CRSS) coils, strips and
foils as on March 31, 2020.


CAMPUS IMPEX: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Campus Impex Private Limited
Ground Floor 14/B, Digendra Lal Roy Street,
        Kolkata - 700006, West Bengal

Insolvency Commencement Date: August 13 , 2024

Estimated date of closure of
insolvency resolution process: February 09, 2025 (180 Days)

Court: National Company Law Tribunal, Kolkata Bench

Insolvency
Professional: Surendra Kumar Agarwal
       Bhawani Enclave, 3D,
              99C Girish Ghosh Road, Liluah, Howrah -711204
              Email: surendraca@gmail.com
              Email: cirp.campus@gmail.com

Last date for
submission of claims: August 27, 2024


CETHAR CONSTRUCTIONS: Liquidation Process Case Summary
------------------------------------------------------
Debtor: Cethar Constructions Limited
GA, Lawsons Road,
        GVR Complex, 3rd Floor,
        Cantonment Thruchirappalli
        Tamil Nadu - 620 001

Insolvency Commencement Date: August 9, 2024

Court: National Company Law Tribunal Division Bench-II

Liquidator: Mr. Mathur Sabhapathy Viswanathan
     Plot No. 22, Vallalar Street,
            Nilamangai Nagar,
            Adambakkam, Chennai,
            Tamil Nadu - 600 008
            Email: msv@8200@gmail.com
            Email: liquidatorccl@gmail.com

Last date for
submission of claims: September 8, 2024


CHAUDHARY AGRO: CARE Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Chaudhary
Agro Foods Industry (CAFI) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.30       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated July 26, 2023,
placed the rating(s) of CAFI under the 'issuer non-cooperating'
category as CAFI had failed to provide information for monitoring
of the rating as agreed to in its Rating Agreement. CAFI continues
to be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 10, 2024, June 20, 2024 and June 30, 2024.

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

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

Chaudhary Agro Foods Industry (CAFI) was established in August 2017
by Singh & Vij family to take over the business of Samridhi Frozen
Foods Pvt. Ltd. which was engaged in the business of processing of
frozen Peas and manufacturing of bakery products. Its processing
unit located at Garinegi, Jaspur Tehsil, District Udham Singh Nagar
in Uttarakhand.


CIAN HEALTHCARE : Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Cian Healthcare Limited
Milkat No. 3339 Block No. 1
        From south side, C.S. No. 227/23A
        Harpale park
        Opposite Berger Paint
        Phursungi, Pune 412308

Insolvency Commencement Date: June 11, 2024

Estimated date of closure of
insolvency resolution process: December 08, 2024 (180 Days)

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: Mr. Roshen Chordiya
       114, Solaris Hubtown,
              N. S. Phadke Marg,
              Near East West Flyover,
              Andheri (E), Mumbai-400069
              Email: risingsun192123@gmail.com
              Email: cirp.cianhealthcare@gmail.com

Last date for
submission of claims: August 27, 2024


COFFEE DAY: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Coffee Day Enterprises Limited
        No. 165, R.V. Road
        (Near Minerva Circle)
        Mavalli, Bangalore,
        Bangalore South
        Karnataka, India 560004

Insolvency Commencement Date: August 8, 2024

Court: National Company Law Tribunal, Bengaluru Bench

Estimated date of closure of
insolvency resolution process: February 4, 2025

Insolvency professional: Ashish Chhawchharia

Interim Resolution
Professional: Ashish Chhawchharia
              Grant Thornton, Unit 1603&1604,
              Eco Centre, Plot#4, Street Number 13,
              EM Block, Sector V, Bidhannagar,
              Kolkata, West Bengal 700091
              Email: ashish.c@in.gt.com
              Email: ibc.cdel@gmail.com

Last date for
submission of claims: August 22, 2024


DRRSB PCT: Ind-Ra Moves BB+ Term Loan Rating to NonCooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has revised Outlook on DRRSB
PCT One Private Limited's (DPOPL) proposed term loan rating to
Negative from Stable and migrated the rating to the non-cooperating
category. The issuer did not participate in the rating exercise
despite continuous requests and follow-ups by the agency through
emails and phone calls. Therefore, investors and other users are
advised to take appropriate caution while using these ratings. The
ratings will now appear as 'IND BB+/Negative (ISSUER NOT
COOPERATING)' on the agency's website.

The detailed rating action is:

-- INR497.4 mil. Proposed term loan Outlook revised to Negative;
     rating migrated to non-cooperating category with IND BB+/
     Negative (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not co-operate; based on
best available information

Detailed Rationale of the Rating Action

"The migration of rating to the non-cooperating category and
Outlook revision to Negative are in accordance with Ind-Ra's
policy, Guidelines on What Constitutes Non-Cooperation. The
Negative Outlook reflects the likelihood of a downgrade of the
entity's ratings on continued non-cooperation."

Non-Cooperation by the Issuer

Ind-Ra has not received adequate information and has not been able
to conduct management interaction with DPOPL while reviewing the
rating. Ind-Ra had consistently followed up with DPOPL over emails
since April 2024 apart from phone calls. However, the issuer has
submitted its monthly no default statement till June 2024.

Limitations regarding Information Availability

Ind-Ra is unable to provide an updated forward-looking view on the
credit rating of DPOPL, as the agency does not have adequate
information to review the rating. If an issuer does not provide
timely business and financial updates to the agency, it indicates
weak governance, particularly in 'Transparency of Financial
Information'. The agency may also consider this as symptomatic of a
possible disruption / distress in the issuer's credit profile.
Therefore, investors and other users are advised to take
appropriate caution while using these ratings.

About the Company

DPOPL is a special purpose vehicle incorporated in March 2023 for
developing and maintaining public toilets at Zone5, 6 and 9
(Marina) locations of Chennai for Greater Chennai Corporation under
Central Government's Swachh Bharat Mission 2.0. The entire project
is spread around 372 locations, and will be developed in a year.
The construction commenced in May 2023.

EDRISHTI MOVIES: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Edrishti Movies Private Limited
        Manek Mahal, 6th Floor
        90 Veer Nariman Road
        Churchgate, Mumbai
        Maharashtra, India 400020

Insolvency Commencement Date: July 9, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: January 5, 2025

Insolvency professional: Chandra Prakash Jain

Interim Resolution
Professional: Chandra Prakash Jain
              Truue IPE Private Limited
              D-501, Ganesh Meridian,
              Opposite High Court, S. G. Road,
              Ahmedabad - 380060
              Email: jain_cp@yahoo.com
              Email: cirp.edrishti@gmail.com

Last date for
submission of claims: July 23, 2024


ETERNAL MOTORS: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Eternal
Motors Private Limited (EMPL) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       3.25       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/           8.00       CARE D/CARE D; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category

   Short Term Bank      4.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 13, 2023,
placed the rating(s) of EMPL under the 'issuer non-cooperating'
category as EMPL had failed to provide information for monitoring
of the rating. EMPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated April 28, 2024, May 8, 2024,
May 18, 2024.

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

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

Incorporated in 1998, EMPL was promoted by Mr. Subodh Jain & Mrs.
Shalini Jain. EMPL is engaged in sale of new cars, used cars, spare
parts & accessories and servicing of vehicles, pertaining to MSIL.
EMPL manages its operations through 7 showrooms, one premium car
showroom under the brand “Nexa” and 10 workshops with 3-S
(Sales, Service and Spares) facilities. Further, EMPL was
developing one showroom for used cars and Nexa workshop in
Bhavnagar.



G. S. ROADWAYS: CARE Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of G. S.
Roadways (GSR) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.86       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      0.30       CARE A4; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 12, 2023,
placed the rating(s) of GSR under the 'issuer non-cooperating'
category as GSR had failed to provide information for monitoring of
the rating. GSR continues to be noncooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated May 27, 2024, June 6, 2024, June 16,
2024.

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

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

Howrah (West Bengal) based, G.S. Roadways (GSR) was constituted as
a partnership firm on June 10, 20 11. The firm is an associate
concern of Gujral Group of companies. The group is promoted by Mr.
Bhupinder Singh Gujral and engaged in transportation of LPG tankers
for the major oil companies such as Bharat Petroleum Corporation
Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan
Petroleum Corporation Limited (HPCL) and hotel and restaurant
business. The group is having 975 LPG tankers and the loading point
is Haldia, West Bengal.


I P RICE: CARE Keeps B- Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of I P Rice
Industries (IPRI) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       2.65       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      3.00       CARE A4; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 25, 2023,
placed the rating(s) of IPRI under the 'issuer non-cooperating'
category as IPRI had failed to provide information for monitoring
of the rating. IPRI continues to be noncooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated June 9, 2024, June 19, 2024, June 29,
2024.

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

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

I P Rice Industries was established in May 2016 with an objective
to enter into the rice milling and processing business. However,
the entity has started commercial operation from December 2016. The
manufacturing unit of the entity is located at Basantpur, Dist:
Sambalpur, Odisha. The entity is also engaged in custom milling
activities. Mr. Purusottam Agarwalla (Partner), along with Arun
Kumar Agarwal (Partner) and Ms. Manisha Agarwalla (Partner) who has
around 8 years, 7 years and 2 years of experiences, respectively,
in similar line of business, are looki ng after the day to day
operation of the entity.


IMMPLY INDIA: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: Immply India Technology Private Limited
Office No. 205, Navale Icon,
        Narhe, Sr No. 51/2a/1a,
        Pune-Bangalore Highway,
        Opposite Navale Bridge,
        Vadgaon Budruk Haveli,
        Pune, Maharashtra - 411041

Insolvency Commencement Date: July 31, 2024

Court: National Company Law Tribunal Ahmedabad Bench

Liquidator: Mr. Ritesh Prakash Adatiya
     10th Floor, 1003, Zion Z1,
            Ramdas Road, Near Avalon Hotel,
            Thaltej, Ahmedabad, Gujaray, 380059
            Email: ipe@npvca.in
            Email: vliq.immply@gmail.com
            Mobile No: +91 997855266

Last date for
submission of claims: August 30, 2024


INDUS CLEAN: Voluntary Liquidation Process Case Summary
-------------------------------------------------------
Debtor: Indus Clean Energy (India) Private Limited
        A-57, DDA Sheds,
        Okhla Industrial Area, Phase II,
        New Delhi 110020, India

Liquidation Commencement Date: August 9, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Dilipkumar Natvarlal Jagad
            803/804, Ashok Height
            Opposite Saraswati Apartment
            Nikalas Wadi Road
            Near Bhuta School
            Old Nagar X Road
            Gundavali, Andheri East
            Mumbai, Maharashtra 400069
            Email: dilipjagad@hotmail.com
            Email: indusclean.liquidation@gmail.com
            Tel: +91-9821142587

Last date for
submission of claims: September 8, 2024


JAYPEE INFRA: Suraksha Earmarks 2,552 Acre of Land for Lenders
--------------------------------------------------------------
The Economic Times reports that Suraksha Group, which has acquired
Jaypee Infratech Ltd (JIL) through insolvency process, has
identified 2,552 acre of land parcels for lenders of the bankrupt
realty firm in accordance with the resolution plan. On June 4,
Suraksha Group took control of JIL following the National Company
Law Appellate Tribunal's (NCLAT) decision on May 24, upholding its
bid to acquire JIL and constituted a new board.

According to ET, sources said Suraksha Group has earmarked 2,372
acre of land for assenting lenders and 180 acre, separately, for
ICICI. The group had appointed real estate consultant CBRE to help
in land identification process. JIL had around 6,250 acre of land
in Delhi-NCR and adjoining areas.

In its resolution plan, which was approved by the National Company
Law Tribunal (NCLT) in March last year, Suraksha Group has offered
bankers more than 2,500 acre of land to partly settle their dues.

ET relates that sources said Suraksha Group, during the last three
months, has infused INR125 crore as equity and another INR125 crore
as debt in Jaypee Infratech, besides arranging a INR3,000 crore
loan facility, as it gears up to complete around 20,000 unfinished
flats in Delhi-NCR.

Moreover, around INR1,000 crore cash is lying in the balance sheet
of the JIL, which the bankrupt company has accumulated from real
estate business and toll income of Yamuna Expressway that connects
Greater Noida and Agra. So, the total cash available in JIL is
INR1,250 crore, ET discloses.

ET adds that sources said Suraksha Group will require
INR6,500-7,000 crore investment to complete nearly 160 residential
towers across various projects.

Of these towers, the construction work was going on in only 62
towers before the takeover by Suraksha Group, while activities on
the remaining 97 towers were completely stalled.

Sources said Suraksha Group has accelerated the pace of
construction in 62 towers and is also applying for completion
certificates for the completed buildings.

Out of the 97 completely stalled towers, the group has already
awarded contracts for 41 towers to many construction companies and
will soon give work orders for the remaining 56 towers.

Sources said construction activities are expected to be in full
swing by October, ET notes.

                       About Jaypee Infratech

Jaypee Infratech Limited (JIL) is engaged in the real estate
development. The Company's business segments include Yamuna
Expressway Project and Healthcare.  The Company's Yamuna Expressway
Project is an integrated project, which inter alia includes
construction of 165 kilometers long six lane access controlled
expressway from Noida to Agra with provision for expansion to eight
lane with service roads and associated structures on build, own,
operate and transfer basis.  The Company provides operation and
maintenance of Yamuna Expressway for over 36 years, collection of
toll and the rights for development of approximately 25 million
square meters of land for residential, commercial, institutional,
amusement and industrial purposes at over five land parcels along
the expressway.  The Healthcare business segment includes
hospitals.  The Company has commenced development of its Land
Parcel-1 at Noida, Land Parcel-3 at Mirzapur and Land Parcel-5 at
Agra.

JIL features in the Reserve Bank of India's first list of
non-performing assets accounts and had debt exposure of over
INR9,783 crore as of September 2017.  The parent company,
Jaiprakash Associates Ltd. (JAL), owes more than INR29,000 crore to
various banks.

On Aug. 8, 2017, the National Company Law Tribunal (NCLT),
Allahabad bench accepted lender IDBI Bank's plea and classified JIL
as an insolvent company.  With this, the board of directors of the
company remains suspended.

Anuj Jain was appointed as Interim Resolution Professional (IRP) to
manage the company's business.  The IRP had invited bids from
investors interested in acquiring JIL and completing the stuck real
estate projects in Noida and Greater Noida.

In June 2021, the Committee of Creditors (CoC), which is made up of
banks and homebuyers, gave the Suraksha group authorization to
acquire JIL.

In March 2023, the National Company Law Tribunal (NCLT) authorised
the group's bid to acquire JIL and complete construction about
20,000 flats across various projects in the national capital
region.


KEDARESHWAR BUILDERS: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shri
Kedareshwar Builders & Developers Private Limited (SKBDPL)
continues to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      70.88       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category
Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 14, 2023,
placed the rating(s) of SKBDPL under the 'issuer non-cooperating'
category as SKBDPL had failed to provide information for monitoring
of the rating as agreed to in its Rating Agreement. SKBDPL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated May 29, 2024, June 8, 2024 and June 18, 2024.

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

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

Shri Kedareshwar Builders & Developers Private Limited (SKBDPL) was
incorporated on 17th November 2014 by Madhav Deshpande and Abhijeet
Dudhane who are having more than two decades of experience in the
real estate business. The company is engaged in the business of
real estate development (residential and commercial projects)
mainly in Nagpur.


KRISHNA PRASAD: CARE Keeps C Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Krishna
Prasad Industries (KPI) continues to remain in the 'Issuer Not
Cooperating' category.

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

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 13, 2023,
placed the rating(s) of KPI under the 'issuer non-cooperating'
category as KPI had failed to provide information for monitoring of
the rating. KPI continues to be non-cooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated May 28, 2024, June 7, 2024, June 17,
2024.

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

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

Raichur based (Karnataka) Krishna Prasad Industries is a
Partnership firm established in June 2011 by Mr. Venkateshwar
Prasad and Mr. Gallya. Later in 2015, Mr. Gallaya retired from
partnership firm and Ms. Shruti (D/o Mr. Venkateshwara) has joined
as an active partner. In the November, 2018 the partnership deed
reconstituted and six new partners Mr. V. Ramakrishna, Mr. V.
Srinivas, Mr. N. Srinivas Rao, Mr. N. Surya Teja, Mr. B. Mahesh
Kumar and Mr. B. Venkat Rajeev has joined the firm and took over
the entire business for purchase consideration of INR2.00 crore
from Mr. Vennkateshwar prsasad. KPI is engaged in Engaged in Rice
Milling and Paraboiling . The firm majorly deals in rice, steamed
rice, boiled rice, rice broken, rice bran, etc. The firm purchase
its raw material i.e. paddy from local farmers, process the paddy
in their plant and sells the final product in
the state of Karnataka, Tamil Nadu, Maharashtra, Gujarat, etc. KPI
has an installed capacity of 6 tons per day.


MOUNTVIEW CONSULTANCY: Insolvency Resolution Process Case Summary
-----------------------------------------------------------------
Debtor: Mountview Consultancy Private Limited
Room No. 803B, Cabin No. B, Shila Tower, 8th Floor,
        J1/16, EP Block, Salt Lake, Sector V, Kolkata,
        West Bengal India, 700091

Insolvency Commencement Date: August 13, 2024

Estimated date of closure of
insolvency resolution process: February 9, 2025

Court: National Company Law Tribunal, Kolkata Bench

Insolvency
Professional: Neeraj Kejriwal
       P-178, CIT Scheme VI-M, 3rd Floor,
              Phoolbagam Kolkata-700054 West Bengal
              Email: nkejriwal.ip@gmail.com
              Email: mountview.cirp@gmail.com

Last date for
submission of claims: August 27, 2024


NARMADA FIBRES: CARE Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Narmada
Fibres LLP (NFL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      13.42       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 14, 2023,
placed the rating(s) of NFL under the 'issuer non-cooperating'
category as NFL had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. NFL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 29, 2024, June 8, 2024 and June 18, 2024.

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

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

Established in July-2017, NFL is based out of Nagpur, Maharashtra
and is a partnership firm promoted by Mr. Madhav A Nirmal and Mrs.
Aparna M Nirmal. The entity is engaged in the business of cotton
ginning and pressing at its manufacturing facility located at Beed,
Maharashtra. Narmada Ginning and Pressing (NGP) and Narmada Agro
Cotex Private Limited (NAPL), engaged in similar line of business
are group entities of NF.


NATURAL SELECTIONS: CARE Keeps B- Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Natural
Selections (NS) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.84       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated August 9, 2023,
placed the rating(s) of NS under the 'issuer non-cooperating'
category as NS had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. NS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 24, 2024, July 4, 2024 and July 14, 2024.

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

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

Natural Selections (NSS) was established in March 2012 as a
partnership firm and is currently being managed by Mr. Bhagwan
Saini and Ms. Gurmeet Kaur sharing profit and loss equally. NSS is
engaged in manufacturing of injection moulded plastic products like
electric meter parts, electric switches, machine parts and home
appliances parts at its manufacturing facility in Baddi, Himachal
Pradesh.

PARAS BARTER: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: Paras Barter Private Limited
18, Rabindra Sarani,
        Poddar Court, Gate No. 2,
        5th Floor, Room No. 520,
        Kolkata, West Bengal, India 700001

Insolvency Commencement Date: August 3, 2024

Court: National Company Law Tribunal Kolkata Bench

Liquidator: Mr. Sanjai Kumar Gupta
     5a, Akma Height,
            27A Bagmari Road Kolkata – 700054
            Email: casanjaigupta@gmail.com

Last date for
submission of claims: September 2, 2024


PAYSEND INDIA: Voluntary Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Paysend India Private Limited
        Level 15, IWG Regus Eros Corporate Towers
        Nehru Place, Delhi 110019, India

Liquidation Commencement Date: August 8, 2024

Court: National Company Law Tribunal, New Delhi Bench

Liquidator: Arun Gupta
            S-34, LGF, Greater Kailash-II
            New Delhi 110048
            Email: arungupta2211@gmail.com
            Email: paysend.vol.liq@gmail.com
            Tel: 011-41066313

Last date for
submission of claims: September 7, 2024


PAYTAIL COMMERCE: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Paytail Commerce Private Limited
        Alt F, MPD Tower, 2nd Floor,
        Golf Course Road, Sector 43
        Gurgaon, Dlf Qe
        Haryana, India 122002

Insolvency Commencement Date: August 12, 2024

Court: National Company Law Tribunal, Chandigarh Bench

Estimated date of closure of
insolvency resolution process: February 8, 2025

Insolvency professional: Manisha Rawat

Interim Resolution
Professional: Manisha Rawat
              A-1/B. Third Floor, T-02,
              Sector 16, Noida-201301
              Email: manisharawatfcs.com
              Email: cirp.paytailcommerce@gmail.com

Last date for
submission of claims: August 26, 2024


PRAMUKH AUTOMOTIVE: CARE Cuts Rating on INR5.0cr ST Loan to D
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Pramukh Automotive Private Limited (PAPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       2.10       CARE D; Revised from CARE BB;
   Facilities                      Stable
                                    

   Short Term Bank      5.00       CARE D; Revised from CARE A4
   Facilities                       

Rationale and key rating drivers

The revision in the ratings assigned to the bank facilities of PAPL
takes into account instance of the delay in servicing debt
obligations on account of poor liquidity position.

Rating sensitivities: Factors likely to lead to rating actions

Positive factors

* Establishing a delay free track record in debt servicing for at
least 90 days

Analytical approach: Standalone

Detailed description of the key rating drivers:

Key Weaknesses

* Delays in debt servicing: There was more than 30 days of delay in
the servicing of the inventory funding facility from one of the
lender on account of lower than envisaged vehicle sales which
adversely impacted the liquidity. The amount was fully repaid with
a delay of 35 days from due date.

Liquidity: Poor

PAPL has poor liquidity due to lower than envisaged sales. It is
expected to report moderate GCA of INR5-6 crore in FY25 as against
debt repayment obligation of INR 3-4 crore in FY25. Average fund
based working capital utilization remained moderate at 70-85% for
past 12 months ended June 30, 2024.

Incorporated in February 2014 by Mr. Ravirajsinh Solanki and Mrs.
Jalpa Solanki, Pramukh Automotive Private Limited (PAPL), is an
authorized dealer for passenger vehicles (PV) of Tata Motors
Limited (TML, rated CARE AA+, Stable/CARE A1+). It has total 6
showrooms, 2 service centres and 1 showroom cum service centre
spread across 5 cities of Gujarat namely Surat, Vapi, Navsari and
Valsad and Silvassa. It also operates 6 electric vehicle (EV)
charging stations.


PROCESS CONSTRUCTION: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Process
Construction and Technical Services Private Limited (PCTSPL)
continue to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      15.80       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/          66.70       CARE D/CARE D; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category

   Short Term Bank     17.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 12, 2023,
placed the rating(s) of PCTSPL under the 'issuer non-cooperating'
category as PCTSPL had failed to provide information for monitoring
of the rating. PCTSPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated April 27, 2024, May 7, 2024,
May 17, 2024.

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

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

Incorporated in the year 2006, Process Construction and Technical
Services Private Limited (PCTSPL) is a closely held company
promoted by Mr. K. P. Francis and his family. It offers engineering
and technical services to off-shore/on-shore clients in the field
of Oil & Gas Sector.


RAM AABHOSHAN: CARE Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ram
Aabhoshan (RA) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      15.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated August 9, 2023,
placed the rating(s) of RA under the 'issuer non-cooperating'
category as RA had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. RA continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 24, 2024, July 4, 2024 and July 14, 2024.

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

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

Agra (Uttar Pradesh) based Ram Aabhoshan (RA) is a proprietorship
firm established in May, 2009 by Mr. Avadh Bihari. RA is engaged
into manufacturing and trading of gold and silver jewelleries.


RAM RAGHU: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ram Raghu
Healthcare Private Limited (RRHPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       4.26       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated July 21, 2023,
placed the rating(s) of RRHPL under the 'issuer non-cooperating'
category as RRHPL had failed to provide information for monitoring
of the rating as agreed to in its Rating Agreement. RRHPL continues
to be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 5, 2024, June 15, 2024 and June 25, 2024.

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

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

Agra Uttar Pradesh bas ed RRHPL was incorporated in January 2012.
The company was incorporated with an aim to run a hospital in the
name of Ram Raghu Hospital. It is being managed by Mr. Manish
Bansal, Mrs. Pooja Bansal and Dr. Parnita Bansal.


RELIABLE CASHEW: Liquidation Process Case Summary
-------------------------------------------------
Debtor: Reliable Cashew Company Private Limited

Registered Office:
        No. 44 C.P. Ramasamy Road Alwarpet,
        Chennai 600018 Tamil Nadu

        Corporate Office:
        No. 429, Road No. 10, Baikampady Industrial Area,
        Mangaluru 575011 Karnataka

Insolvency Commencement Date: August 9, 2024

Court: National Company Law Tribunal

Liquidator: Ravindra Beleyur
     Shreevastha, 428, 19th B Cross, 3rd Block
            Jayanagar Bengaluru - 560011
            Tel No: +91 80 26540193
            Email: ravi@beleyur.com
            Email: reliable_cashew_cirp@beleyur.com

Last date for
submission of claims: September 8, 2024


SIGMA-C INFRASTRUCTURE: CARE Keeps D Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sigma-C
Infrastructure Private Limited (SIPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      32.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 15, 2023,
placed the rating(s) of SIPL under the 'issuer non-cooperating'
category as SIPL had failed to provide information for monitoring
of the rating. SIPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated April 30, 2024, May 10, 2024,
May 20, 2024.

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

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

SIPL was established as a sole proprietorship firm, Sigma
Construction, in 1993 by Mr A K Bhasin (Chairman) and the same was
later reconstituted as a private limited company in September 2012,
whereby its name was changed to its current name. SIPL is
engaged in the execution of turnkey contracts for the power
industry whereby it undertakes supply, erection, testing, and
installation of equipment, auxiliaries, and motors for generating
stations and switch yards and also undertakes the civil works. The
company is also involved into underground cable laying and jointing
works, installation of third rail and traction substations for the
Metro Railways and diversified into water distribution and drainage
projects in Assam since FY14. The company has been executing power
projects across various locations in India and has been carrying
out construction work primarily for various government entities.
The power sector continued to remain the core area of operation for
SIPL.


SPL MOTORS: CARE Keeps B- Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of SPL Motors
Private Limited (SMPL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      15.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 20, 2023,
placed the rating(s) of SMPL under the 'issuer non-cooperating'
category as SMPL had failed to provide information for monitoring
of the rating as agreed to in its Rating Agreement. SMPL continues
to be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 4, 2024, June 14, 2024 and June 24, 2024.

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

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

SMPL was incorporated in 2010 by Mr Sudesh Kumar Jain, Mr Gaurav
Jain and Ms Mridula Jain. The company is appointed as an authorized
dealer of Honda Siel Cars India Limited (HSIL) for its passenger
vehicles in Rohtak, Haryana. During August 2014 the company started
another showroom (3S facilities, i.e., Sales, Service and Spares)
in Bhiwani, Haryana.


SULAIMAN STEELS: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sulaiman
Steels Private Limited (SSPL) continue to be 'CRISIL D Issuer Not
Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           4          CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan        3.7        CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term    2.3        CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with SSPL for
obtaining information through letter and email dated July 11, 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 SSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSPL continues to be 'CRISIL D Issuer Not Cooperating'.

SSPL, incorporated in 2012 in Cheyyar, Tamil Nadu, manufactures
mild steel ingots.


SUPREME BATTERIES: CARE Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Supreme
Batteries Private Limited (SBPL) continue to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      33.55       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank     10.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 19, 2023,
placed the rating(s) of SBPL under the 'issuer non-cooperating'
category as SBPL had failed to provide information for monitoring
of the rating. SBPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated May 4, 2024, May 14, 2024, May
24, 2024.

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

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

Supreme Batteries Private Limited (SBPL) was initially established
as a partnership firm in 1982 and was incorporated as a private
limited company in the year 2001 and is promoted by Mr. Vimal Kumar
Agarwal, Mr. Anuj Agarwal and Mr. Ajay Goyal. However, commercial
production commenced from the month of September 2009.


SUVEERA AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Suveera Agro
Industries (SAR) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

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

   Cash Credit           5           CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SAR for
obtaining information through letter and email dated July 11, 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 SAR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SAR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SAR continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Set up in 2010, SAR is a partnership firm of Mr NVV Prasada Rao, Mr
Gadde Srinivasa Rao, Mr Gadde Chakradhar and Mr Naga Bhirava
Krishna Phanendra. The mill, located in Hanuman Junction (Andhra
Pradesh), processes paddy into rice, bran, broken rice and husk.


SWAROOP HOMES: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Swaroop
Homes LLP (SHL) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      21.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 12, 2023,
placed the rating(s) of SHL under the 'issuer non-cooperating'
category as SHL had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. SHL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 27, 2024, June 6, 2024 and June 16, 2024.

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

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

Swaroop Homes LLP (SHL) is a Pune based firm, established in year
2017, and is proposed to be engaged in the business of real estate
development. The firm is jointly promoted by Sai Essen94 LLP (SEL),
Ms. Jidnyasa Chetan Patil and Ms. Priyanka Alande. Furthermore, SEL
is jointly owned by the Sai Group & Esson group.


TAYAL POLYPLAST: CARE Keeps B- Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Tayal
Polyplast (TP) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.97       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 17, 2023,
placed the rating(s) of TP under the 'issuer non-cooperating'
category as TP had failed to provide information for monitoring of
the rating. TP continues to be non-cooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated June 1, 2024, June 11, 2024, June 21,
2024.

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

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

Established in January 2018, Tayal Polyplast (TP) was promoted by
Shrikishan Agrawal, Mr. Ashish Agrawal and Mr. P.K. Agrawal to set
up a PVC pipes and fillings manufacturing unit at Sambalpur, Odisha
with an installed capacity of 2640 metric tons per annum (MTPA).
After successful setting of its manufacturing plant, the firm has
started its commercial operation October 2018.


TECHNICOLOUR DREAM: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Technicolour Dream Pants Private Limited
31, Ground Floor, Sadhnna Enclave,
        New Delhi 110017

Insolvency Commencement Date: August 13, 2024

Estimated date of closure of
insolvency resolution process: September 2, 2024

Court: National Company Law Tribunal, New Delhi, Bench

Insolvency
Professional: Rakesh Kumar Jain
       E-205, Basement, Greater Kailash Part II
              New Delhi - 110048
              Email: technicolour.cirp@gmail.com
              Email: sirshree.rakesh@gmail.com

Last date for
submission of claims: August 27, 2024


TENNY JOSE: CARE Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Tenny Jose
Limited (TJL) continue to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      32.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank     27.50       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated June 8, 2023,
placed the rating(s) of TJL under the 'issuer non-cooperating'
category as TJL had failed to provide information for monitoring of
the rating. TJL continues to be noncooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated April 3, 2024, May 3, 2024, May 13, 2024.

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

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

Tenny Jose Limited (TJL) was incorporated on October 11, 2011. TJL,
located at Thrissur, Kerala is engaged in trading and
distributorship of steel, paper and paper products through its
warehouses in Aluva and Vizag (Kerala), and Chennai (Tamil Nadu).


THWINK BIG: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Thwink Big Content Private Limited
        Manek Mahal, 6th Floor,
        90, Veer Nariman Road,
        Churchgate Mumbai,
        Maharashtra 400020

Insolvency Commencement Date: July 29, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: January 24, 2025

Insolvency professional: Chandra Prakash Jain

Interim Resolution
Professional: Chandra Prakash Jain
              Truue IPE Private Limited
              D-501, Ganesh Meridian,
              Opp. High Court, S. G. Road,
              Ahmedabad - 380060
              Email: jain_cp@yahoo.com
              Email: cirp.twinkbig@gmail.com

Last date for
submission of claims: August 11, 2024


TRISTAR GLOBAL: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Tristar
Global Infrastructure Private Limited (TGIPL) continue to be
'CRISIL D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee        15.5        CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            5          CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit       2          CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     6          CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Working Capital       14.5        CRISIL D (Issuer Not
   Term Loan                         Cooperating)

CRISIL Ratings has been consistently following up with TGIPL for
obtaining information through letter and email dated July 11, 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 TGIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TGIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TGIPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

TGIPL, incorporated in 1999, is owned and managed by Mr. Vijay
Vasudeva and his family members. It is in the construction
business, and executes specialised jobs such as waterproofing,
installation of expansion joints, and roofing and related
activities. Its corporate office is in Delhi.


TUFFWARE INDUSTRIES: CRISIL Keeps D Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Tuffware
Industries (TI) continue to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee        0.05        CRISIL D (Issuer Not
                                     Cooperating)

   Bill Discounting      6.44        CRISIL D (Issuer Not
                                     Cooperating)

   Bill Discounting      1.56        CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit      0.5         CRISIL D (Issuer Not
                                     Cooperating)

   Overdraft Facility    0.26        CRISIL D (Issuer Not
                                     Cooperating)

   Packing Credit        4.75        CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Short Term
   Bank Loan Facility    0.54        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with TI for
obtaining information through letter and email dated July 11, 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 TI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TI is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of TI
continues to be 'CRISIL D Issuer Not Cooperating'.

TI was established in 1994 by the Mumbai-based Ganger family. The
firm manufactures and exports stainless steel utensils and
non-stick cookware. It sells its products primarily to Latin
American and African countries through agents and traders based in
these countries. TI has its manufacturing unit at Vasai,
Maharashtra.


TULIP ADVISORS: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Tulip Advisors Private Limited
        Raheja Point Wing B, 7th Floor,
        Nehru Road
        Near Shamrao Vithal Bank
        Vakola, Santacruz (East)
        Mumbai - 400055, Maharashtra

Insolvency Commencement Date: July 1, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: December 28, 2024

Insolvency professional: Chandra Prakash Jain

Interim Resolution
Professional: Chandra Prakash Jain
              Truue IPE Private Limited
              D-501, Ganesh Meridian,
              Opp. High Court, S. G. Road,
              Ahmedabad - 380060
              Email: jain_cp@yahoo.com
              Email: cirp.tulipadvisors@gmail.com

Last date for
submission of claims: July 15, 2024


TWIN CITIES: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Twin Cities
Steel Re-Rolling Mills Private Limited (TCSPL) continue to be
'CRISIL D Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           6.50       CRISIL D (Issuer Not
                                    Cooperating)

   Corporate Loan        2.42       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with TCSPL for
obtaining information through letter and email dated July 11, 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 TCSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TCSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TCSPL continues to be 'CRISIL D Issuer Not Cooperating'.

TCSPL was set up in 1985 by Mr. R K Agarwal, Mr. Adarsh Agarwal,
and their family members. The company, based in Hyderabad,
manufactures and trades in steel structurals.


VEE KAY: CARE Keeps B- Debt Rating in Not Cooperating Category
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Vee Kay
Enterprises (VKE) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      10.55       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated August 8, 2023,
placed the rating(s) of VKE under the 'issuer non-cooperating'
category as VKE had failed to provide information for monitoring of
the rating as agreed to in its Rating Agreement. VKE continues to
be non-cooperative despite repeated requests for submission of
information through emails, phone calls and a letter/email dated
June 23, 2024, July 3, 2024 and July 13, 2024.

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

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

Vee Kay Enterprises (VKE) was established in 1985 as a partnership
firm and is currently being managed by Mr Vikas Behal and his
brother Mr Vishal Behal sharing profit and loss equally. The entity
is engaged in the manufacturing of acrylic yarn at its
manufacturing facility located in Ludhiana, Punjab.

VIDEO WORKS: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: Video Works Studio Private Limited
216, 2nd Floor Vasupujya Estate
        Laxmi Nagar Village Pahadi
        Off link Road Goregaon (West)
        Mumbai City, Mumbai
        Maharashtra, India, 400104

Insolvency Commencement Date: August 13, 2024

Estimated date of closure of
insolvency resolution process: February 9, 2025 (180 Days)

Court: National Company Law Tribunal, Pune Bench

Insolvency
Professional: Anagha Anasingaraju
       1-2, Aishwarya Sankul,
              17 G.A. Kulkarni Path
              Opposite Joshi's Railway Museum
              Kothrud, Pune - 411038
              Email: rp.anagha@kanjcs.com
              Email: videoworks.cirp@gmail.com

Last date for
submission of claims: August 27, 2024


VINOD TEXWORLD: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vinod
Texworld Private Limited (VTPL; previously known as Shree Shiv
Shakti Cot-Fab Private Limited) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           1.5         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term   10.32        CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan             8.18        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with VTPL for
obtaining information through letter and email dated July 11, 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 VTPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VTPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VTPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in 2012, SSSCF is promoted by Ahmedabad
(Gujarat)-based Sindhav family. It undertakes jobwork for dyeing
grey fabric and has installed capacity of close to 150,000 metres
per annum. It commenced operations in December 2013.


Z.H. INDUSTRIES: CARE Keeps B- Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Z.H.
Industries Private Limited (ZIPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)     Ratings
   ----------       -----------     -------
   Long-term Bank       20.00       CARE B-; Stable; Issuer Not
   Facilities                       Cooperating

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated July 20, 2023,
placed the rating(s) of ZIPL under the 'issuer non-cooperating'
category as ZIPL had failed to provide information for monitoring
of the rating as agreed to in its Rating Agreement. ZIPL continues
to be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 4, 2024, June 14, 2024 and June 24, 2024.

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

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

Ghaziabad, Uttar Pradesh based ZH Industries Private Limited (ZIPL)
was incorporated in 2014. ZIPL succeeded an erstwhile
proprietorship firm named M/s ZH Industries established in 2004 by
Mr. Zakir Hussain. ZIPL is engaged in manufacturing of steel
staircases, Steel Girder, Steel Shuttering, etc. Further the
company is engaged in providing Bridge Fabrication Services, foot
bridge fabrication services, etc.

ZOREK EDUCATION: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: M/S Zorek Education Technologies Private Limited
2-1-290/5/1, Nallakunta, Hyd-044 lane
        Opposite Vijayabank
        Nallakunta, Hyderabad, A.P,
        Telangana, India, 500044

Insolvency Commencement Date: August 7, 2024

Estimated date of closure of
insolvency resolution process: February 3, 2025

Court: National Company Law Tribunal, Hyderabad Bench

Insolvency
Professional: Malireddy Ramana Reddy
       Flat No 403, Nirmal Tower,
              Dwarakapuri colony,
              Beside Sai Baba Temple,
              Punjagutta, Hyderabad 500082
              Email: zorek.cirp@gmail.com
              Email: ramanareddycsrp@gmail.com

Last date for
submission of claims: August 23, 2024




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

GRAND CATHEDRAL: First Creditors' Meeting Set for Sept. 9
---------------------------------------------------------
A first meeting of the creditors in the proceedings of The Grand
Cathedral Square Limited will be held on Sept. 9, 2024 at 11:00
a.m. at the offices of PKF Corporate Recovery & Insolvency at PO
Box 3678 in Auckland.

Christopher Carey McCullagh and Stephen Mark Lawrence of PKF
Corporate Recovery & Insolvency were appointed as administrators of
the company on Aug. 29, 2024.


NONO MAGS: Court to Hear Wind-Up Petition on Sept. 10
-----------------------------------------------------
A petition to wind up the operations of Nono Mags N Tyres Limited
will be heard before the High Court at Wellington on Sept. 10,
2024, at 10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on July 24, 2024.

The Petitioner's solicitor is:

          Ashley Ashika Singh
          Legal Services, Asteron Centre
          55 Featherston Street
          PO Box 895
          Wellington 6011


TECHNOLOGY HOLDINGS: Smartpay Buys Business Out of Receivership
---------------------------------------------------------------
Sally Rae at Otago Daily Times reports that dual-listed eftpos
terminals provider Smartpay has acquired the business assets of
Dunedin-based Technology Holdings Ltd (THL), which is in
receivership owing more than NZD13 million.

In a statement last week, Smartpay - which is listed on the NZX and
ASX - said it had paid NZD3.91 million for the assets of THL and
its various subsidiaries, ODT relates.

These consisted of the eftpos rental book and associated eftpos
terminals, goodwill and other assets including vehicles and
equipment.

Smartpay had offered employment to the majority of the employees of
THL, ODT says.

Most had accepted and the offer included Smartpay recognising
existing employee entitlements.

According to ODT, the acquisition increased the size of the
company's New Zealand eftpos terminal fleet from about 30,000 to
35,000 terminals and will enable Smartpay to increase its regional
presence and reach across the New Zealand payments market.

In their first report, which covered the period from June 11 to
August 10, receivers Diana Matchett and Colin Gower, of BDO
Christchurch, said THL was the third-largest supplier of eftpos
terminals in New Zealand, ODT relays.

They also said THL was the largest provider of on-site services
within four hours nationwide through various wholly owned and
related party franchises.

The directors advised the impact of the Covid-19 lockdown on their
customers' businesses was detrimental to the company.

Prior to the appointment of an administrator in May, the company
had been experiencing significant cash-flow issues.

ODT notes that following the decision of the company directors to
appoint an administrator, ASB Bank considered its options as the
first-ranked secured creditor of the company and determined it was
reasonable and necessary to appoint the receivers.

The company's listed directors are Anthony Micheal Guy (Dunedin),
Helen Michelle Guy (Whangārei) and Richard Alan Guy (Waipu).

Money due to ASB Bank either directly or through cross guarantees
as at August 10 totalled about NZD13.1 million, including accrued
interest, ODT discloses.

Other secured creditors were subject to the receivers' review and
confirmation of validity.

Outstanding employee preferential claims totalled about NZD61,000,
which crystallised at the date of the appointment of the
administrator.

A preferential claim from Inland Revenue had been received for
about NZD300,000. However, it was understood that claim might be
amended once outstanding pre-receivership GST returns had been
processed.

ODT adds unsecured claims were estimated to total about
NZD321,000.


TERRIYUMMIES LIMITED: Court to Hear Wind-Up Petition on Sept. 27
----------------------------------------------------------------
A petition to wind up the operations of Terriyummies Limited will
be heard before the High Court at Auckland on Sept. 27, 2024, at
10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on July 31, 2024.

The Petitioner's solicitor is:

          Cloete Van Der Merwe
          Inland Revenue, Legal Services
          5 Osterley Way
          Manukau City
          Auckland 2104


TOW MASTER: Court to Hear Wind-Up Petition on Sept. 10
------------------------------------------------------
A petition to wind up the operations of Tow Master Limited will be
heard before the High Court at Masterton on Sept. 10, 2024, at
10:00 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on July 23, 2024.

The Petitioner's solicitor is:

          Tara Nicola Carr
          Legal Services, Asteron Centre
          55 Featherston Street
          PO Box 895
          Wellington


UBIQUITOME LIMITED: First Creditors' Meeting Set for Sept. 11
-------------------------------------------------------------
A first meeting of the creditors in the proceedings of Ubiquitome
Limited will be held on Sept. 11, 2024 at 10:00 a.m. at the offices
of Ecovis KGA Ltd at L2 5–7 Kingdon Street, Newmarket in
Auckland.

Raymond Paul Cox and Gareth Russel Hoole of Ecovis KGA were
appointed as administrators of the company on Aug. 30, 2024.


WANAKA APPAREL: Placed Into Voluntary Liquidation
-------------------------------------------------
Sally Rae at Otago Daily Times reports that a Wanaka fashion
retailer has been put into voluntary liquidation by shareholder
resolution, citing the downturn in retail sales and increase in
costs.

Wanaka Apparel Ltd, which trades as Soul Clothing, was incorporated
in 2011 and is owned by Sally-anne Gordon who is also sole
director.

In their inital report, Trevor and Emma Laing, of Laing Insolvency
Specialists, said liabilities were estimated at just over
NZD200,000, ODT discloses.

Within the past 12 months, the business relocated from central
Wānaka to Sir Tim Wallis Dr at Three Parks, the director advising
it was necessary due to increasing rental costs which were causing
financial stress.

Unfortunately, the move had not resulted in sales reaching the
target required to make the business a viable proposition.

ODT says the downturn in retail spending had severely impacted the
business to a point where continued trading was not a viable option
and the directors had made the difficult but necessary decision to
cease trading to limit further financial damage.

There were nine registrations recorded on the Personal Property &
Securities Register.

The liquidators were aware there were preferential employee
entitlements outstanding for two employees - that amount was not
significant.

They had been advised the company had Inland Revenue Department
liabilities. The exact amount of the preferential debt was being
confirmed.

At this stage, the liquidators did not have accurate details of the
unsecured creditors. Further inquiries were required to confirm the
details and amounts outstanding.

It was too early in the liquidation process to predict the
likelihood of a dividend becoming available to unsecured creditors,
ODT notes.




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

DEL MONTE: US$2.3 Billion Debt 'Unsustainable', Campos Admits
-------------------------------------------------------------
Bilyonaryo.com reports that Del Monte Pacific Ltd. (DMPL) led by
billionaire Joselito "Butch" Campos admits that the fruit canning
giant is struggling under the weight of its massive $2.3 billion
(PHP133 billion) debt.

"Management recognizes that the current leverage is not
sustainable," DMPL stated in response to shareholders' questions
during its annual meeting in Singapore on August 30. DMPL is listed
on both the Singapore and Philippine stock exchanges.

As of the fiscal year ending April 2024, DMPL is grappling with a
debt of $2.296 billion, while holding just $13.1 million in cash,
signaling potential liquidity issues, Bilyonaryo.com notes.

According to Bilyonaryo.com, the company's net debt to equity ratio
has surged by over half, reaching a staggering 902 percent, while
its net debt to EBITDA (Earnings Before Interest, Taxes,
Depreciation, and Amortization) has more than doubled to 17.5
times. These numbers indicate that DMPI is at risk of financial
stability if it cannot improve earnings or reduce debt.

DMPL reported a $127.3 million loss in FY2024, a sharp downturn
from the $17 million profit it posted the previous year. The
company expects to remain in the red this year, though with reduced
losses.

Bilyonaryo.com relates that shareholders expressed concern that
DMPL's losses in FY2024 exceeded the combined earnings of the
previous two years, which totaled $116.9 million. They also noted
that the company's retained earnings have turned into a $73.2
million deficit due to these losses.

But the Campos-led management assured that it has several
initiatives for FY2025, including asset sales at its loss-making
United States subsidiary, Del Monte Foods, raising additional
equity at Del Monte Philippines.

These actions are expected to reduce leverage by $300 million by
the end of FY2025, bringing the DMPL group's leverage to an
estimated 7 to 7.5 times in the medium to long term, Bilyonaryo.com
relays. The board's directive aims to lower the debt-to-equity
ratio to below three times and the debt-to-EBITDA ratio to under
five times.

Del Monte Pacific Limited produces and markets packaged vegetable
and fruit, beverage and culinary products. The Group has the
exclusive right to use the Del Monte brand for packaged products in
the USA, South America, Philippines, the Indian subcontinent and
Myanmar, and the S&W brand for both packaged and fresh products
globally except Australia and New Zealand.




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

AL FALAH: Creditors' Proofs of Debt Due on Oct. 2
-------------------------------------------------
Creditors of Al Falah Investments Pte. Limited are required to file
their proofs of debt by Oct. 2, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Aug. 28, 2024.

The company's liquidators are:

          Lim Loo Khoon
          Tan Wei Cheong
          6 Shenton Way
          OUE Downtown 2, #33-00
          Singapore 068809


BHOP CONSULTING: Creditors' Proofs of Debt Due on Oct. 3
--------------------------------------------------------
Creditors of BHOP Consulting Pte. Ltd. are required to file their
proofs of debt by Oct. 3, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 30, 2024.

The company's liquidator is:

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


HARISH LOGISTICS: Court Enters Wind-Up Order
--------------------------------------------
The High Court of Singapore entered an order on Aug. 23, 2024, to
wind up the operations of Harish Logistics Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidators are:

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


SHINHAN TECH-ENGINEERING: Court Enters Wind-Up Order
----------------------------------------------------
The High Court of Singapore entered an order on Aug. 23, 2024, to
wind up the operations of Shinhan Tech-Engineering Pte. Ltd.

Steel Pro Engineering Pte. Ltd. filed the petition against the
company.

The company's liquidators are:

          Don Ho Mun-Tuke
          Ho Chjuen Meng
          David Donald
          Hall Chadwick (Singapore)
          63 Market Street
          #05-01A, Bank of Singapore Centre
          Singapore 048942


YEN DESIGN: Court Enters Wind-Up Order
--------------------------------------
The High Court of Singapore entered an order on Aug. 23, 2024, to
wind up the operations of Yen Design & Contract Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidators are:

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




=====================
S O U T H   K O R E A
=====================

[*] S. KOREA: To Cut 14 Troubled Public Firms US$24BB Debt by 2026
------------------------------------------------------------------
Yonhap News Agency reports that the South Korean finance ministry
said Sept. 2 it will push to reduce KRW32.1 trillion (US$24.01
billion) of debt incurred by 14 financially troubled public
companies combined by 2026 through asset sales and organization
restructuring.

Yonhap, citing revised financial management plan, relates that the
government set the target debt amount for Korea Electric Power
Corp. (KEPCO) and 13 other troubled state-run firms for 2022-2026
to be slashed to KRW57.3 trillion from last year's goal of KRW42.2
trillion.

So far, they have reduced about KRW25.2 trillion in debt combined
through various restructuring measures, and such efforts will
continue to improve the fiscal health of the public sector,
according to the finance ministry.

In detail, the companies plan to sell non-core assets worth KRW9.1
trillion, restructure their businesses to save KRW19.3 trillion and
beef up capital of KRW10.8 trillion, among other steps, Yonhap
relays.

The companies include Korea Railroad Corp., the state power firm
KEPCO's five power-generating affiliates, Korea National Oil Corp.,
Korea Gas Corp. and state housing developer Korea Land & Housing
Corp.

According to a longer-term financial management plan, the
government expected the total assets of 35 state-run companies to
rise to KRW1,212.4 trillion by 2028 from this year's KRW1,040.6
trillion, Yonhap discloses.

Their debts are also forecast to grow from KRW701.9 trillion in
2024 to KRW795.1 trillion in 2028, though the debt ratio would fall
to 190.5 percent in 2028 from this year's 207.3 percent, the
ministry said.

"The government will continue to implement measures to improve the
financial health of public institutions to prevent the matter from
negatively affecting the country's overall economy," the ministry
said in a release.



                           *********


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
to be reliable, but is not guaranteed.

TCR-AP subscription rate is US$775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each.  For subscription information, contact
Peter Chapman at 215-945-7000.



                *** End of Transmission ***