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

                     A S I A   P A C I F I C

          Wednesday, October 16, 2024, Vol. 27, No. 208

                           Headlines



A U S T R A L I A

A.J. ZANCO: First Creditors' Meeting Set for Oct. 21
AR BUILDING: First Creditors' Meeting Set for Oct. 22
DCL ELECTRICS: First Creditors' Meeting Set for Oct. 21
IMAGINE BUILDING: First Creditors' Meeting Set for Oct. 21
PLENTI PL 2024-2: Moody's Gives (P)B2 Rating to AUD11.55MM F Notes

PUBLIC HOSPITALITY: Lender Floats New George Calombaris Diner
TILLYARD PROPERTY: First Creditors' Meeting Set for Oct. 21


C H I N A

SINO-OCEAN: Expects to Generate $2.8B Cash to Repay Offshore Debt


I N D I A

AERENS JAI REALTY: Liquidation Process Case Summary
AMBIKA RICE: CRISIL Keeps B+ Debt Rating in Not Cooperating
ANDAL AND COMPANY: CRISIL Keeps B+ Ratings in Not Cooperating
ARIYANAYAKI AGRO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
BHAGYALAKSHMI COTTON: CRISIL Keeps B Ratings in Not Cooperating

BHAGYALAKSHMI POHA: CRISIL Keeps B+ Rating in Not Cooperating
FARM2ENERGY PRIVATE: Insolvency Resolution Process Case Summary
GURU RAMAKRISHNA: CRISIL Keeps D Debt Ratings in Not Cooperating
JAY DEE: CRISIL Keeps D Debt Ratings in Not Cooperating Category
JOY MAHAPROVU: CRISIL Keeps B+ Debt Ratings in Not Cooperating

JSM PROTEINS: CRISIL Keeps D Debt Ratings in Not Cooperating
JUPITER LANDSCAPES: Insolvency Resolution Process Case Summary
K. C. PAUL: CRISIL Keeps B+ Rating in Not Cooperating Category
KAVERI WAREHOUSING: CRISIL Keeps B Rating in Not Cooperating
KCS INFRATECH: CRISIL Keeps D Debt Ratings in Not Cooperating

KINDLE DEVELOPERS: Liquidation Process Case Summary
KRISHNA BUILDCON: CRISIL Keeps D Debt Ratings in Not Cooperating
KSK MAHANADI: SC Revives Adani's INR27K cr Insolvency Resolution
KUNDAN CARS: CRISIL Keeps B Debt Ratings in Not Cooperating
LIBRA FABRIC: Insolvency Resolution Process Case Summary

LUMIRADX HEALTHCARE: Voluntary Liquidation Process Case Summary
MAAJAGDAMBE PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating
MIRA INDIA: Voluntary Liquidation Process Case Summary
MITHRA AUTO: CRISIL Keeps B Debt Ratings in Not Cooperating
MRS EDUCATIONAL: CRISIL Keeps B- Rating in Not Cooperating

MUNISH FORGE: CRISIL Keeps D Debt Rating in Not Cooperating
NANNAN FARM: CRISIL Keeps B Debt Rating in Not Cooperating
NATURE NURSERY: CRISIL Keeps D Debt Rating in Not Cooperating
NOBLE CASHEW: CRISIL Keeps D Debt Rating in Not Cooperating
R.S.V. COTTON: CRISIL Keeps D Debt Ratings in Not Cooperating

RAJKAMAL LOGISTIC: Liquidation Process Case Summary
RAM ENGINEERS: CRISIL Keeps D Debt Ratings in Not Cooperating
RAM RAYON: CRISIL Keeps D Debt Ratings in Not Cooperating
RAMNANDI ESTATE: CRISIL Keeps D Debt Ratings in Not Cooperating
RASHMI HOUSING: CRISIL Keeps D Debt Ratings in Not Cooperating

RAVICHANDRA TEXTILES: CRISIL Keeps D Ratings in Not Cooperating
RUBBER O: CRISIL Keeps D Debt Ratings in Not Cooperating Category
SPICEJET LTD: DGCA Removes Carrier from Enhanced Surveillance
SPICEJET: Settles $23.39M Dispute w/ Aircastle & Wilmington Trust
SR DIGITAL: Insolvency Resolution Process Case Summary

SRIKAR BIOTECH: CRISIL Withdraws B Rating on INR18cr Cash Loan
SUJAY INDUSTRIES: CRISIL Withdraws B Rating on INR2.25cr Loan


J A P A N

MITSUI O.S.K: Egan-Jones Retains BB+ Senior Unsecured Ratings
SHARP CO: Egan-Jones Lowers Senior Unsecured Ratings to BB-


N E W   Z E A L A N D

ASSET APPLICATORS: Court to Hear Wind-Up Petition on Oct. 31
BEVBRAND 2021: Court to Hear Wind-Up Petition on Oct. 18
DEVON CONSTRUCTION: Creditors' Proofs of Debt Due on Nov. 7
DIRT WORLD: Court to Hear Wind-Up Petition on Oct. 31
DU VAL: Founders Seek Legal Aid to Fight FMA Charges

OPUS CONSTRUCTION: In Liquidation; Owes More Than NZD177,000
THORSEN CONSTRUCTION: Creditors' Proofs of Debt Due on Nov. 6


S I N G A P O R E

E CAPITAL: Court to Hear Wind-Up Petition on Oct. 18
MARINA AQUATA: Commences Wind-Up Proceedings
MM&S GLOBAL: Court to Hear Wind-Up Petition on Oct. 25
ORHSOME PTE: Court to Hear Wind-Up Petition on Oct. 25
QOO10 PTE: Court to Hear Wind-Up Petition on Nov. 11


                           - - - - -


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

A.J. ZANCO: First Creditors' Meeting Set for Oct. 21
----------------------------------------------------
A first meeting of the creditors in the proceedings of A.J. Zanco
Pty Ltd, trading as Krack Solutions, will be held on Oct. 21, 2024,
at 11:00 a.m.

Roberto Crispino and Richard Albarran of Hall Chadwick were
appointed as administrators of the company on Oct. 9, 2024.


AR BUILDING: First Creditors' Meeting Set for Oct. 22
-----------------------------------------------------
A first meeting of the creditors in the proceedings of AR Building
Solutions Pty Limited, trading as Regen Building Solutions, will be
held on Oct. 22, 2024, at 10:00 a.m.

Hugh Sutcliffe Martin of Bernardi Martin was appointed as
administrator of the company on Oct. 10, 2024.


DCL ELECTRICS: First Creditors' Meeting Set for Oct. 21
-------------------------------------------------------
A first meeting of the creditors in the proceedings of DCL
Electrics (Aust) Pty Ltd will be held on Oct. 21, 2024, at 11:00
a.m.

Vincent Pirina and Andrew McEvoy of Aston Chace Group were
appointed as administrators of the company on Oct. 9, 2024.


IMAGINE BUILDING: First Creditors' Meeting Set for Oct. 21
----------------------------------------------------------
A first meeting of the creditors in the proceedings of Imagine
Building Concepts Pty Limited and Imagine Management Pty Ltd will
be held on Oct. 21, 2024, at 2:00 p.m.

Adam Cormack and Jonathon Colbran of RSM Australia Partners were
appointed as administrators of the company on Oct. 9, 2024.


PLENTI PL 2024-2: Moody's Gives (P)B2 Rating to AUD11.55MM F Notes
------------------------------------------------------------------
Moody's Ratings has assigned the following provisional ratings to
the notes to be issued by Perpetual Corporate Trust Limited in its
capacity as trustee of the Plenti PL & Green ABS Trust 2024-2.

Issuer: Perpetual Corporate Trust Limited in its capacity as
trustee of the Plenti PL & Green ABS Trust 2024-2

AUD165.00 million Class A1 Notes, Assigned (P)Aaa (sf)

AUD89.10 million Class A1-G Notes, Assigned (P)Aaa (sf)

AUD24.09 million Class B Notes, Assigned (P)Aa2 (sf)

AUD14.19 million Class C Notes, Assigned (P)A2 (sf)

AUD7.92 million Class D Notes, Assigned (P)Baa2 (sf)

AUD9.90 million Class E Notes, Assigned (P)Ba1 (sf)

AUD11.55 million Class F Notes, Assigned (P)B2 (sf)

AUD5.28 million Class G1 Notes is not rated by us

AUD2.97 million Class G2 Notes is not rated by us

Plenti PL & Green ABS Trust 2024-2 is a static cash securitisation
of personal loans, renewable energy loans and renewable energy
buy-now-pay-later (BNPL) receivables, extended to consumer obligors
located in Australia. All receivables were originated by Plenti
Finance Pty Limited (Plenti, unrated).

Plenti is an Australian non-bank lender providing consumer and
commercial loans, including unsecured personal loans, renewable
energy loans, secured auto loans and renewable BNPL contracts, to
prime borrowers in Australia. Plenti is a 100%-owned subsidiary of
Plenti Group Limited, established in 2014 and listed on the
Australian stock exchange. As of September 2024, Plenti has
originated circa AUD2.2 billion in personal and renewable energy
loans.

RATINGS RATIONALE

The provisional ratings take into account, among other factors:

-- Historical performance data. Plenti was established in 2014,
with significant origination growth beginning in 2015 for personal
loans, in 2017 for green personal loans and from 2021 onwards for
renewable energy buy-now-pay-later (BNPL) loans. The collateral
performance data used in Moody's analysis reflects Plenti's short
origination history for BNPL loans and does not cover a full
economic cycle.

-- The evaluation of the capital structure. The transaction
features a sequential/pro rata paydown structure. Initially, the
notes will be repaid on a sequential basis starting with the Class
A Notes (Class A1 and A1-G Notes). Once pro rata paydown conditions
are satisfied, principal will be distributed pro rata among Class A
through Class F Notes. Following the call date, or if the pro rata
conditions are otherwise not satisfied, the principal collections
distributions will revert to sequential. Initially, the Class A,
Class B, Class C, Class D, Class E and Class F Notes benefit from
23.0%, 15.7%, 11.4%, 9.0%, 6.0% and 2.5% of note subordination,
respectively.

-- The availability of excess spread over the life of the
transaction.

-- The liquidity facility in the amount of 1.5% of the note
balances, subject to a floor of AUD1.5 million.

-- The interest rate swap provided by National Australia Bank
Limited ("NAB", Aa2/P-1/Aa1(cr)/P-1(cr)).

-- The experience of Plenti RE Limited as servicer, and the
back-up servicing arrangements with Perpetual Corporate Trust
Limited.

MAIN MODEL ASSUMPTIONS

Moody's base case assumptions are a mean default rate of 5.2%, a
recovery rate of 10.0%, and a Aaa portfolio credit enhancement
("PCE") of 25.5%. The expected defaults and recoveries capture
Moody's expectations of performance considering the current
economic outlook, while the PCE captures the loss Moody's expect
the portfolio to suffer in the event of a severe recession
scenario. Expected defaults and PCE are parameters used by us to
calibrate its lognormal portfolio default distribution curve and to
associate a probability with each potential future default scenario
in its ABSROM cash flow model.

Moody's assumed mean default rate is stressed compared to the
extrapolated observed levels of default, estimated at 4.1%. The
stress Moody's have applied in determining its mean default rate
reflects the limited historical data available for Plenti's
portfolio. It also reflects the current macroeconomic trends, and
other similar transactions used as a benchmark.

The PCE of 25.5% is broadly in line with other comparable
Australian personal loan and renewable energy ABS deals and is
based on Moody's assessment of the pool taking into account (i)
historical data variability, (ii) quantity, quality and relevance
of historical performance data, (iii) originator quality, (iv)
servicer quality, (v) certain pool characteristics, such as asset
concentration.

The key pool features are as follows:

-- The weighted average interest rate of the portfolio is 11.6%,
with interest rates ranging from 4.5% to 25.2%.

-- The weighted average Equifax credit score of the portfolio is
around 802.

-- The weighted average remaining term of the portfolio is 66.4
months. The weighted average seasoning of the initial portfolio is
3.2 months.

-- Renewable energy receivables constitute 29.4% of the portfolio,
of which 4.1% are green fixed interest-bearing loans and 25.3% are
BNPL loans. Renewable energy loans are extended to obligors for the
purchase and installation of residential renewable energy equipment
such as solar panels and home batteries. Renewable energy
receivables have historically displayed lower loss rates than other
personal loans.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's
Approach to Rating Consumer Loan-Backed ABS" published in July
2024.

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

Factors that could lead to an upgrade of the ratings include (1)
performance of the underlying collateral that is better than
Moody's expectations, and (2) an increase in the notes' available
credit enhancement.

Factors that could lead to a downgrade of the ratings include (1)
performance of the underlying collateral that is worse than Moody's
expectations, (2) a decrease in the notes' available credit
enhancement, and (3) a deterioration in the credit quality of the
transaction counterparties.

PUBLIC HOSPITALITY: Lender Floats New George Calombaris Diner
-------------------------------------------------------------
Australian Financial Review reports that celebrity chef George
Calombaris might be at the helm of a new restaurant at Sydney's
Oxford Tavern as soon as Christmas under a plan by lenders to take
over more of embattled publican Jon Adgemis' assets.

According to AFR, Ben Madsen's Archibald Capital is attempting to
raise $28 million in capital for a new hospitality fund to help
purchase the pub - owned by Mr. Madsen himself - and as well as
five other venues previously run by Mr. Adgemis' Public Hospitality
Group. Mr. Adgemis' name is not mentioned on the information
memorandum advertising the capital raise, and he is not expected to
be involved in the new group.

Archibald is an opportunistic debt investor run by Mr. Madsen,
formerly with Hong Kong alternative asset manager SC Lowy, AFR
says. The firm was a lender to Mr. Adgemis' Public Hospitality and
the assets transfers form part of a prior deal with Mr. Adgemis.

Former Carlton player Marc Murphy has been appointed the general
manager of the fund, with Mr. Calombaris as the head of culinary,
AFR notes. Mr. Calombaris recently departed Victorian venue Hotel
Sorrento and back in 2019 was at the centre of a wage underpayment
scandal.

AFR says the venues to be purchased on a freehold basis in
Melbourne include the Clifton Hotel, housing Guy Grossi's
Puttanesca Osteria and the Saint George, home to Karen Martini's
the Saint and the Vine Hotel in Collingwood. The Kurrajong Hotel in
Sydney's Erskineville, the Town Hall Hotel in Balmain, and the
Oxford Tavern in Petersham are also part of the bundle of
purchases.

Mr. Adgemis once had an empire spanning more than 20 pubs, bars and
hotels, but after the latest actions by lenders including Archibald
he could only be involved in a handful of Sydney venues in
development, including a hotel planned for the former site of
Noah's Backpackers on Bondi Beach bought for AUD68 million in
2022.

AFR adds that Archibald Capital said the acquisitions will be
funded by two senior debt facilities arranged by it worth AUD92
million, along with the AUD28 million raised through the new fund.
Of that AUD92 million, AUD47.8 million in debt would be allocated
to the Sydney venues, with a loan-to-valuation ratio of 65 per cent
which values the properties based on the proposed completion of
renovation, rather than their present value.

Archibald has flagged the possibility of building large hotels on
top of the Clifton and the Saint George pubs. "Generous height
limits present an opportunity to convert the Clifton Hotel to an
11-storey mixed-use hotel and office tower," Archibald stated in
the information memorandum.

Archibald said it wished to re-open the Oxford Tavern, currently
owned by Mr. Madsen, before Christmas this year with Mr. Calombaris
overseeing a new restaurant. As well, the fund said it wished to
also set up "fresh F&B offerings from Melbourne hospitality
stalwart George Calombaris" at the Vine Hotel in Collingwood.

According to AFR, Mr. Adgemis is slowly losing more of his former
hospitality empire.

Five of Mr. Adgemis' other former hotels were recently tipped into
administration by a lender, New York-based private credit provider
Muzinich & Co, and are up for sale, AFR discloses. Those are the
Strand Hotel on the outskirts of Sydney's CBD, Camelia Grove Hotel
in Alexandria, the Norfolk Hotel in Redfern, boutique hotel Oxford
House in Paddington and the Exchange Hotel, a closed pub and
development site on Oxford Street in Darlinghurst.

Mr. Adgemis' hotel business grew quickly, but it acquired a lot of
debt from private credit firms and has spent the past year under
pressure because of overdue bills and financial commitments that
have left suppliers and staff unpaid or without their
superannuation, AFR notes.

As reported in the Troubled Company Reporter-Asia Pacific on Sept.
19, 2024, pub baron Jon Adgemis' embattled Public Hospitality Group
has taken another hit with receivers and external managers
appointed at five of his Sydney hotels, including Oxford House and
The Strand Hotel.

According Good Food, insolvency specialist FTI Consulting has
stepped in as receivers and managers to operate Public's hip
Redfern pub The Norfolk, Oxford House in Paddington and
Darlinghurst's The Strand Hotel, as well as Alexandria's Camelia
Grove Hotel and The Exchange Hotel, also in Darlinghurst. The pubs
will be sold as soon as possible.

Duncan Club and Andrew Sallway of BDO advisory firm have also been
appointed voluntary administrators at affiliated companies
including Public Lifestyle Management Pty Ltd, Good Food said.


TILLYARD PROPERTY: First Creditors' Meeting Set for Oct. 21
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Tillyard
Property Development and Construction Pty Ltd will be held on Oct.
21, 2024, at 10:30 a.m. at the offices of Worrells, Level 2, AMP
Building, 1 Hobart Place, in Canberra, ACT.

Stephen John Hundy of Worrells was appointed as administrator of
the company on Oct. 9, 2024.




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

SINO-OCEAN: Expects to Generate $2.8B Cash to Repay Offshore Debt
-----------------------------------------------------------------
Reuters reports that Sino-Ocean Group said on Oct. 15 its
restructuring plan was being implemented in an orderly manner and
it expects to generate $2.8 billion in cash over the next decade to
repay its new financing instruments.

In July, the state-backed firm had reached an agreement with some
of its creditors to restructure its $5.64 billion offshore debt,
stating it would repay the existing debt with new loans and notes
worth $2.2 billion, convertible bonds or interest-bearing perpetual
securities, Reuters recalls.

According to Reuters, Sino-Ocean had faced a winding-up petition
filed by the Bank of New York Mellon in a Hong Kong court in late
June, the hearing for which has been currently adjourned to Dec.
23.

                      About Sino-Ocean Group

Sino-Ocean Group Holding Limited, formerly Sino-Ocean Land Holdings
Limited, is an investment holding company principally engaged in
property development and property investment in the People's
Republic of China (the PRC). The Company is engaged in property
development in Beijing-Tianjin-Hebei, Northeast, Central and
Southern.  

As reported in the Troubled Company Reporter-Asia Pacific on Sept.
19, 2023, Moody's Investors Service has downgraded Sino-Ocean Group
Holding Limited's corporate family rating to Ca from Caa2. At the
same time, Moody's has downgraded to C from Caa3, the backed senior
unsecured ratings on the bonds issued by Sino-Ocean Land Treasure
Finance I Limited, Sino-Ocean Land Treasure Finance II Limited, and
Sino-Ocean Land Treasure IV Limited and guaranteed by Sino-Ocean.
The outlook remains negative.




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

AERENS JAI REALTY: Liquidation Process Case Summary
---------------------------------------------------
Debtor: Aerens Jai Realty Private Limited
        RZ-80-A-13 G/F Tugalkabad Extn.
        South Delhi, New Delhi - 110019

Liquidation Commencement Date: October 4, 2024

Court: National Company Law Tribunal, Principal Bench, New Delhi

Liquidator: Reetesh Kumar Agarwal
            Unit no 531, S.G. Shopping Mall,
            D.C. Chowk, Sector-09,
            Rohini, Delhi -110085
            E-Mail: carkagarwal@gmail.com
            E-Mail: cirp.ajrpl@gmail.com

Last date for
submission of claims: November 3, 2024

AMBIKA RICE: CRISIL Keeps B+ Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri Ambika
Rice Mill (SARM) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                       Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            5.45       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SARM for
obtaining information through letter and email dated September 9,
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 SARM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SARM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SARM continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SARM mills and processes paddy into rice, rice bran, broken rice
and husk. It is promoted by Mr. K. Ravindra Reddy and his family,
and is based in Siguguppa, Bellary District (Karnataka).


ANDAL AND COMPANY: CRISIL Keeps B+ Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sree Andal
and Company (SAC) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Cash Credit              22       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Cash             1       CRISIL B+/Stable (Issuer Not
   Credit Limit                      Cooperating)

CRISIL Ratings has been consistently following up with SAC for
obtaining information through letter and email dated September 9,
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 SAC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SAC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SAC continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SAC, set up in 1992 and based in Chennai, is a partnership concern
promoted by Mr. M Subbiah and his family. The firm trades in
thermo-mechanically treated bars, channels, angles, joints, and
beams.


ARIYANAYAKI AGRO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ariyanayaki
Agro Foods International (AAFI) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                       Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            9.4        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Long Term Loan         0.6        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AAFI for
obtaining information through letter and email dated September 9,
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 AAFI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AAFI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AAFI continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 1995 in Pallathur, Tamil Nadu, as a proprietorship
firm by Mr K Sivaprakasam, AAFI mills and processes paddy into
rice, rice bran, broken rice, and husk.


BHAGYALAKSHMI COTTON: CRISIL Keeps B Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri
Bhagyalakshmi Cotton Industries (SBCI) continues to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Cash Credit              7        CRISIL B/Stable (Issuer Not
                                     Cooperating)

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

CRISIL Ratings has been consistently following up with SBCI for
obtaining information through letter and email dated September 9,
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 SBCI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SBCI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SBCI continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Sai Bhagyalakshmi Cotton Industries (SBCI) was setup in the year,
2016 based out of Khammam, Telangana. The firm is promoted by Mr.
Revuri Somaiah, Mr. Revuri Venkanna and Mrs. D. Sumana. SBCI is
engaged in the ginning and pressing of cotton. SBCI's manufacturing
unit is located at Khammam with a ginning capacity of around 250
bales per day.


BHAGYALAKSHMI POHA: CRISIL Keeps B+ Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri
Bhagyalakshmi Poha Industries (SRBHPI) continues to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

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

CRISIL Ratings has been consistently following up with SRBHPI for
obtaining information through letter and email dated September 9,
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 SRBHPI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
SRBHPI is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of SRBHPI continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

Established in 1985, by Mr. BA Nagraj Gupta, is a proprietorship
firm that manufactures rice flakes (poha; accounting for around 50
per cent of sales) and trades in agro commodities such as rice,
paddy, wheat, and flour.


FARM2ENERGY PRIVATE: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Farm2Energy Private Limited

        Registered Address:
        VPO Bija Tehsil Khanna,
        Khanna, Punjab, India 141401

Insolvency Commencement Date: September 9, 2024

Court: National Company Law Tribunal, Chandigarh Bench

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

Insolvency professional: Harish Malhotra

Interim Resolution
Professional: Harish Malhotra
              511-A Garden Heights, Sirhind Bye Pass Road,
              Near DMW, Patiala, Punjab 147001
              Email: ca.harish@gmail.com

              -- and --

              944, 2nd Floor, Sector 82, JLPL Mohali
              Email: cirp.farm2energy@gmail.com

Last date for
submission of claims: October 2, 2024


GURU RAMAKRISHNA: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri Guru
Ramakrishna Tubes (SGRT) continue to be 'CRISIL D/CRISIL D Issuer
Not Cooperating'.

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

   Letter of Credit      5          CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan        4.52       CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term    2.48       CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with SGRT for
obtaining information through letter and email dated September 9,
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 SGRT, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SGRT
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SGRT continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

SGRT was set up as a partnership firm of Mr Chakka Rama Krishna Rao
and his family members. The firm started commercial operations on
November 24, 2016, manufactures pre-galvanized iron pipes from
hot-rolled mild steel coils.


JAY DEE: CRISIL Keeps D Debt Ratings in Not Cooperating Category
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Jay Dee
Enterprises (JDE) continue to be 'CRISIL D Issuer Not
Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Bill Discounting       8.2        CRISIL D (Issuer Not
                                     Cooperating)
   Export Packing
   Credit                 3          CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with JDE for
obtaining information through letter and email dated September 9,
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 JDE, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on JDE
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
JDE continues to be 'CRISIL D Issuer Not Cooperating'.

Promoted by Mr. Pawandeep Sachdeva, JDE is engaged in manufacturing
and exports of the ready-made garments


JOY MAHAPROVU: CRISIL Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Joy Mahaprovu
Cold Storage Private Limited (JMCSPL) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            3.99      CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Proposed Long Term     5.41      CRISIL B+/Stable (Issuer Not
   Bank Loan Facility               Cooperating)

   Working Capital Loan   1         CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with JMCSPL for
obtaining information through letter and email dated September 9,
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 JMCSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
JMCSPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of JMCSPL continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

JMCSPL was incorporated in 1996, by the promoters Mr Samar Dhawa,
Mr Prabir Kumar Dhawa, Mr Dibakar Dhawa and Mr Pravakar Dhawa. The
company has cold storage facilities in Medinipur, West Bengal for
the potato traders and farmers of West Bengal. It has two chambers
with total capacity of 1,45,000 quintals.


JSM PROTEINS: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of JSM Proteins
Private Limited (JSM) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         0.5       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            8.5       CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       4         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      11         CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with JSM for
obtaining information through letter and email dated September 9,
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 JSM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on JSM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
JSM continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Set up by Mr. Manoj Wadhwa in 2010, JSM is a trader and distributor
of edible oil, dairy products, and sugar, mainly in Haryana. The
company commenced commercial operations in February 2011 after the
edible oil trading business of its group entity, Shubh Marketing,
was transferred to it.


JUPITER LANDSCAPES: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Jupiter Landscapes Private Limited

        Registered Address:
        F 1, Plot No 99, Kavya Aura, Ground Floor,
        Tulsiwadi, Sitaram, Ghadigaonkar, Tardeo,
        Mumbai City, Mumbai, Maharashtra, India, 400034

Insolvency Commencement Date: October 1, 2024

Court: National Company Law Tribunal, Mumbai Bench

Estimated date of closure of
insolvency resolution process: March 30, 2025

Insolvency professional: Hari Kishan Bhoklay

Interim Resolution
Professional: Hari Kishan Bhoklay
              KDRA Insolvency Professionals Private Limited
              (Erstwhile Kanchansobha Debt Resolution Advisors Pvt
Ltd)
              Unit #207, 2nd Floor, Kshitij,
              Near Azad Nagar Metro Station,
              Veera Desai Road,
              Andheri West, Mumbai - 400053
              Email: irp@kanchansobha.com
                     rp@jupitercirp.com
              Mobile: +91 97487 54517

Last date for
submission of claims: October 15, 2024

K. C. PAUL: CRISIL Keeps B+ Rating in Not Cooperating Category
--------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of K. C. Paul and
Sons (KCPL) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                       Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit              7        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with KCPL for
obtaining information through letter and email dated September 9,
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 KCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KCPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

KCPL, established in 1942 as a partnership firm, manufactures and
sells umbrella; it also trades in imported umbrella, fireworks,
blankets and raincoats. The workshop is in Kolkata and Mr. Anath
Nath Paul, Mr. Aloke Nath Paul, Mr. Debnath Paul, Mr. Chandan Kumar
Paul, Mr. Anjan Paul, Mr. Ranjan Paul and Mr. Saptarshi Paul are
the partners of the firm. However, the operations are primarily
managed by Mr. Chandan Kumar Paul and Mr. Aloke Nath Paul. The firm
sells all its products under the brand 'K C Paul and Sons'.


KAVERI WAREHOUSING: CRISIL Keeps B Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kaveri
Warehousing (KW) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

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

CRISIL Ratings has been consistently following up with KW for
obtaining information through letter and email dated September 9,
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 KW, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KW is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of KW
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

KW, established in 2015 in Dhanbad is engaged in setting up a
godown for FCI with a capacity of 20,000 MT.


KCS INFRATECH: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of KCS Infratech
LLP (KCS) continue to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            6         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan              7.5       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with KCS for
obtaining information through letter and email dated September 9,
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 KCS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KCS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KCS continues to be 'CRISIL D Issuer Not Cooperating'.

Set up as a limited liability partnership firm in November 2017 by
Mr Ajay Vaish, Mr Mahesh Tiwari, Mr Rakesh Jaiwal, Mr Ramesh Vaish,
and Mr Suresh Chandra, KCS crushes stone. Its plant has capacity of
200 tonne per month.


KINDLE DEVELOPERS: Liquidation Process Case Summary
---------------------------------------------------
Debtor: Kindle Developers Private Limited

        Registered Office:
        B-9, 2nd Floor, Model Town-II
        New Delhi 110009

        Corporate Office:
        Tech Boulevard, Central Block,
        Plot No. 6, Sector 127
        NOIDA 201301, Uttar Pradesh

Liquidation Commencement Date: September 18, 2024

Court: National Company Law Tribunal, New Delhi Bench

Liquidator: Vikram Bajaj
            214, Tower A, Spazedge,
            Sector 47, Gurgaon 122018
            Email: Bajaj.vikram@gmail.com

            -- and --

            Immaculate Resolution Professionals Private Limited
            Unit no. 112, First Floor, Tower-A
            Spazedge Commercial Complex
            Sector 47, Sohna Road, Gurgaon 122018
            Email: liq.kindle1234@gmail.com

Last date for
submission of claims: October 18, 2024

KRISHNA BUILDCON: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shree Krishna
Buildcon Private Limited (SKBPL) continue to be 'CRISIL D Issuer
Not Cooperating'.

                         Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Proposed Long Term       0.5       CRISIL D (Issuer Not
   Bank Loan Facility                 Cooperating)

   Term Loan               25         CRISIL D (Issuer Not
                                      Cooperating)

   Term Loan               29.5       CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with SKBPL for
obtaining information through letter and email dated September 9,
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 SKBPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SKBPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SKBPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in 2004 and promoted by Agrawal and Goyal families,
SKBPL is developing a commercial real estate project, Palm Mall, in
Korba, Chhattisgarh. The mall is spread across 231,218 square feet
and is expected to cost INR110 crore. The project is likely to be
completed in fiscal 2018.


KSK MAHANADI: SC Revives Adani's INR27K cr Insolvency Resolution
----------------------------------------------------------------
Business Standard reports that the Supreme Court on Oct. 14 revived
Adani Power's INR27,000 crore insolvency resolution process against
1,800-MW KSK Mahanadi project (KMP) by setting aside the Telangana
high court's order that had deferred the bankruptcy proceedings.

Adani Power was the highest bidder for the stressed thermal project
with an offer of INR27,000 crore, which ensured 92% of the recovery
for lenders, Business Standard notes.

According to Business Standard, a Bench led by Chief Justice DY
Chandrachud said that the high court had neither the jurisdiction
to defer the insolvency process nor to ask for the consolidation of
insolvency proceedings of the thermal power company and its two
subsidiaries - KSK Water Infrastructure and Raigarh Champa Rail
Infrastructure.

Business Standard relates that the court allowed the appeal of the
Committee of Creditors of KSK Mahanadi Power Company saying the HC
had passed the order without issuing notice to other parties. The
HC order had come on a petition filed by the Uttar Pradesh Power
Corp.

KSK Mahanadi Power Company had a 3,600 MW coal-based power project
in Chhattisgarh. Currently, it has three operational units of 600
MW each and the rest of its units are under various stages of
construction.

The lenders have made claims of INR29,330 crore against KSK
Mahanadi, which was sent for debt resolution in 2020 after the firm
defaulted on its debt payments, Business Standard discloses.

Several banks, including the State Bank of India (SBI), have sold
their loans to asset reconstruction companies (ARCs) to recover
part of their dues, Business Standard notes. KSK Mahanadi had power
purchase agreements with Andhra Pradesh, Tamil Nadu and Uttar
Pradesh, but defaulted on loans due to lack of coal supply. The
company was allotted two coal blocks in Chhattisgarh but in 2014,
following a Supreme Court judgement, the allocation was cancelled.
Later, the plant received coal linkage under the "Shakti" scheme of
the power ministry, but had to import coal due to a shortfall.

Business Standard relates that SBI tried to resolve the project
under its flagship scheme SAMADHAN, which was aimed at resolution
of stressed assets outside the NCLT. However, due to reluctance of
other lenders and lack of buyers, the process under this scheme was
halted and the project was moved to the bankruptcy court.

KMP had also received plans from Adani pipped Capri Global,
government-owned NTPC, Coal India, JSW Energy, Jindal Steel and
Power, Vedanta, among others.


KUNDAN CARS: CRISIL Keeps B Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kundan Cars
Private Limited (KCPL) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                       Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             4         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Inventory Funding      15         CRISIL B/Stable (Issuer Not
   Facility                          Cooperating)

   Inventory Funding      12         CRISIL B/Stable (Issuer Not
   Facility                          Cooperating)

   Proposed Inventory      7         CRISIL B/Stable (Issuer Not
   Funding                           Cooperating)

RISIL Ratings has been consistently following up with KCPL for
obtaining information through letter and email dated September 9,
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 KCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KCPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

KCPL was incorporated in December 2007, and is promoted by Mr Raj
Kumar Chadha and his son Mr Hitesh Chadha. It is an authorised
dealer of passenger cars of HMIL in Pune, where it operates two
showrooms and three workshops.


LIBRA FABRIC: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Libra Fabric Designs Private Limited

        Registered Address:
        A/2, 309/349, Shah & Nahar Ind. Estate
        Dhanraj Mil Compound,
        Sitaram Jadhav Marg, Lower Parel,
        Mumbai-400013, Maharashtra

Insolvency Commencement Date: October 1, 2024

Court: National Company Law Tribunal, Mumbai Bench-III

Estimated date of closure of
insolvency resolution process: March 30, 2025

Insolvency professional: Anshul Gupta

Interim Resolution
Professional: Anshul Gupta
              Truvisory Insolvency Professionals Private Limited
              1501, Tower No. 4, Spring Grove Towers,
              Lokhandwala Township, Kandivali East,
              Mumbai-4000101
              Email ID: contactanshulgupta@gmail.com

              -- and --

              410, 4th Floor, Bluerose Industrial Estate
              Near Metro Mall and Tata Power Petrol Pump
              Western Express Highway,
              Borivali East - 400066 Mumbai
              Email Id: ibc.librafabric@gmail.com

Last date for
submission of claims: October 15, 2024


LUMIRADX HEALTHCARE: Voluntary Liquidation Process Case Summary
---------------------------------------------------------------
Debtor: Lumiradx Healthcare Private Limited
        175, Kagalwala House
        2nd Floor, Vidyanagari Marg
        Kalina, Santacruz East
        Vidyanagari, Mumbai 400098
        Maharashtra, India

Liquidation Commencement Date: September 3, 2024

Court: National Company Law Tribunal, New Delhi Bench

Liquidator: Ravi Sharma
            2E/207, 2nd Floor, Caxton House
            Jhandewalan Extension,
            New Delhi- 110 055, India
            Email: ip.ravisharma@gmail.com
            Telephone no.: +91 9911919008

Last date for
submission of claims: October 30, 2024


MAAJAGDAMBE PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Maajagdambe
Paper Mills Private Limited (MPMPL) continue to be 'CRISIL D Issuer
Not Cooperating'.

                         Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Cash Credit             1          CRISIL D (Issuer Not
                                      Cooperating)

   Term Loan               4          CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with MPMPL for
obtaining information through letter and email dated September 9,
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 MPMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MPMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MPMPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in May 2016, MPMPL is setting up manufacturing unit
for kraft paper and writing paper. The factory is situated at
Mahuli, Bihar.


MIRA INDIA: Voluntary Liquidation Process Case Summary
------------------------------------------------------
Debtor: Mira India Management Services Private Limited
        IKeva Level 3
        NSL Centrum Mall Serene Estate (P) Ltd
        Site No. Phase- 1&II, Opp KPHB Colony
        Opp Forum Mall Lane
        Hyderabad Telangana,  
        Kukatpally, Hyderabad,
        Tirumalagiri, Telangana, India, 500072

Liquidation Commencement Date: September 30, 2024

Court: National Company Law Tribunal, Mumbai Bench

Liquidator: Nayana Premji Savala
            1/101-A, Vishal Susheel CHS,
            Nariman Road, Vile Parle East, Mumbai
            400 057 Maharashtra, India
            Email: nalinisavala@gmail. com
            Tel.: 908 2605500

Last date for
submission of claims: October 29, 2024


MITHRA AUTO: CRISIL Keeps B Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Mithra Auto
Agencies Private Limited (MAPL) continues to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                       Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            16         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Cash Credit             2         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Long Term Loan          1         CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MAPL for
obtaining information through letter and email dated September 9,
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 MAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MAPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Set up as a partnership firm in 1983 by Mr Cheruvu Srinivas and
family, MAPL became a private-limited company in 2011. The
Vijayawada (Andhra Pradesh) based company is an authorised dealer
for Maruti Suzuki India Ltd's passenger cars, and operates four
showrooms -- two in Vijayawada (Andhra Pradesh) and one each in
Machilipatnam (Andhra Pradesh) and Khammam (Telangana).


MRS EDUCATIONAL: CRISIL Keeps B- Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of MRS
Educational Trust (MRS) continues to be 'CRISIL B-/Stable Issuer
Not Cooperating'.

                      Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              10         CRISIL B-/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MRS for
obtaining information through letter and email dated September 9,
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 MRS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MRS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MRS continues to be 'CRISIL B-/Stable Issuer Not Cooperating'.

Established in July 2011 as a trust by MRS has commenced operations
of an international school namely Red bridge International Academy
at Bangalore, 2013-14 being the first academic year.


MUNISH FORGE: CRISIL Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Munish Forge
Private Limited (MFPL) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Bank Guarantee          6         CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            30         CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit        5.8       CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit        8.4       CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term      1.2       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan               3         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MFPL for
obtaining information through letter and email dated September 9,
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 MFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MFPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MFPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

For arriving at the ratings, CRISIL Ratings has now taken a
standalone approach as against earlier when the business and
financial risk profiles of MFPL, Munish International Pvt Ltd
(MIPL) and Dev Arjuna Cast & Forge Pvt Ltd (DACF) were combined.
This is because all operational linkages between MFPL and MIPL were
discontinued in January 2015. Earlier, MIPL worked as an exclusive
export arm for products manufactured by MFPL and DACF.

MFPL was incorporated in 1996 in Ludhiana, Punjab, promoted by Mr
Davinder Bhasin and his family members. The company manufactures
flanges, auto parts, forgings, and scaffoldings.


NANNAN FARM: CRISIL Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Nannan Farm
House Private Limited (NFHPL) continues to be 'CRISIL B/Stable
Issuer Not Cooperating'.

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

CRISIL Ratings has been consistently following up with NFHPL for
obtaining information through letter and email dated September 9,
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 NFHPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on NFHPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
NFHPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

NFHPL, established in February 2018, is setting up a dairy farm at
Koliyakodu in Thiruvananthapuram, Kerala. Implementation is
underway and the operations are expected to commence from April '
2019.


NATURE NURSERY: CRISIL Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Nature Nursery
(NN) continues to be 'CRISIL D Issuer Not Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Long Term Loan         11        CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with NN for
obtaining information through letter and email dated September 9,
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 NN, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on NN is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of NN
continues to be 'CRISIL D Issuer Not Cooperating'.

Established in 2008, NN, a partnership concern, is one of the
largest nurseries in Central India spread over 24 acres of land
offering wide range of plants and garden accessories. The firm is
based in Indore, Madhya Pradesh.


NOBLE CASHEW: CRISIL Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Noble Cashew
Industries (NCI) continue to be 'CRISIL D Issuer Not Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Bill Discounting       1         CRISIL D (Issuer Not
                                    Cooperating)

   Buyer Credit Limit     2         CRISIL D (Issuer Not  
                                    Cooperating)

   Cash Credit           12         CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with NCI for
obtaining information through letter and email dated September 9,
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 NCI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on NCI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
NCI continues to be 'CRISIL D Issuer Not Cooperating'.

Set up in 1982 by Mr. Jacob.C. Luke and Mr. Biju Luke Jacob, NCI is
engaged in processing of raw cashew nuts and sale of cashew
kernels. The firm is based out of Kollam, Kerala.


R.S.V. COTTON: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of R.S.V. Cotton
Industries (RSV) continue to be 'CRISIL D Issuer Not Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           2.5        CRISIL D (Issuer Not
                                    Cooperating)
   Proposed Rupee
   Term Loan             0.17       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             2.83       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with RSV for
obtaining information through letter and email dated September 9,
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 RSV, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RSV
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
RSV continues to be 'CRISIL D Issuer Not Cooperating'.

For arriving at the rating, CRISIL Ratings has combined the
business and financial risk profiles of RSV and VS Cotton
Industries (VSC). This is because the two entities, together
referred to as the Kakad group, are under a common management and
in similar lines of business, and have significant financial
linkages.

RSV, a partnership firm set up by Mr. Vivek Kakad, Mr. Abdul
Qureshi, and Mr. Mohammed Shafikur Rehman in 2013, gins and presses
cotton. The firm commenced operations in November 2013. Its
manufacturing facilities are at Anjangaon in Amravati,
Maharashtra.

VSC, a partnership firm set up by Mr. Sudhakar Kakad and Mr.
Mohammed Ziya Mansuri in 2012, also gins and presses cotton. It
commenced operations in February 2013. Its manufacturing facilities
are at Murtizapur in Akola, Maharashtra.

The daily operations of both entities are managed by Mr. Sudhakar
Kakad and Mr. Vivek Kakad. The Kakad family has been in the
business of cotton trading for more than a decade.


RAJKAMAL LOGISTIC: Liquidation Process Case Summary
---------------------------------------------------
Debtor: Rajkamal Logistic Private Limited
        Plot No. 14/15 Bhatpore GIDC
        Off ONGC Plant Hazira Surat,
        Gujarat, India 394510

Liquidation Commencement Date: September 26, 2024

Court: National Company Law Tribunal, Ahmedabad Bench

Liquidator: Kiran Kumar Patel
            Plot No. 23 508, Skyline Building,
            Behind Shalin Complex, Sector-11
            Gandhinagar, Gujarat 382011
            Email: cskiranpatel@gmail.com
            Email: rajkamal.liquidator@gmail.com

Last date for
submission of claims: October 25, 2024


RAM ENGINEERS: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ram Engineers
and Contractors (REC) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Bank Guarantee       0.3         CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan       1           CRISIL D (Issuer Not
                                    Cooperating)

   Overdraft Facility   4           CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term   3.7         CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with REC for
obtaining information through letter and email dated September 9,
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 REC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on REC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
REC continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Established in 2010 as a proprietorship concern by Mr. Sethuraman,
REC carries out civil construction in Chennai.



RAM RAYON: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shree Ram
Rayon (SRR) continue to be 'CRISIL D Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Cash Credit            4.25       CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     1.56       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan              4.09       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SRR for
obtaining information through letter and email dated September 9,
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 SRR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SRR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SRR continues to be 'CRISIL D Issuer Not Cooperating'.

Established in July 2014, SRR is a partnership firm promoted by
Surat -based Patodia family. It is engaged in sizing and warping of
filament yarn. Its processing facility at Surat has installed
capacity of 500 tonne per month.


RAMNANDI ESTATE: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ramnandi
Estate Private Limited (REPL) continue to be 'CRISIL D Issuer Not
Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit         5.04         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan           4.93         CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with REPL for
obtaining information through letter and email dated September 9,
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 REPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on REPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
REPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in August 2011, REPL is promoted by Mr. Akhouri Gopal.
The company is the sole authorised dealer of HMIL passenger
vehicles in the Gaya district of Bihar. It has one
showroom-cum-workshop in Gaya.


RASHMI HOUSING: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Rashmi
Housing Spv Private Limited (RHSPL) continues to be 'CRISIL D
Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Proposed Long Term     1.25       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan             10.00       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with RHSPL for
obtaining information through letter and email dated September 9,
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 RHSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RHSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
RHSPL continues to be 'CRISIL D Issuer Not Cooperating'.

RHSPL was set up in 2007 by the Bosmiya family of Mumbai. The
promoter family has been undertaking residential and commercial
real estate development, and broking and construction contracts
since 1993, through the Rashmi group, which is managed by brothers
Mr. Deepak Bosmiya, Mr. Yogesh Bosmiya, Mr. Hemendra Bosmiya, and
Mr. Ashok Bosmiya. RHSPL is constructing a project in Vasai called
Rashmi Lakeview, comprising eight residential and one commercial
building with total saleable area of nearly 1 million square feet.


RAVICHANDRA TEXTILES: CRISIL Keeps D Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri
Ravichandra Textiles Private Limited (SRTPL) continue to be 'CRISIL
D Issuer Not Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit          18          CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan       11.22       CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term   10.28       CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with SRTPL for
obtaining information through letter and email dated September 9,
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 SRTPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SRTPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SRTPL continues to be 'CRISIL D Issuer Not Cooperating'.

SRTPL, incorporated in 2010, manufactures cotton yarn, primarily in
counts of 10s, 13s, 16s, and 20s. The company's manufacturing
facilities are in Guntur (Andhra Pradesh), and started commercial
production in November 2012.


RUBBER O: CRISIL Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Rubber O
Malabar Products Private Limited (ROM) continue to be 'CRISIL D
Issuer Not Cooperating'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           4.73       CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan        5.27       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with ROM for
obtaining information through letter and email dated September 9,
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 ROM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ROM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ROM continues to be 'CRISIL D Issuer Not Cooperating'.

ROM was incorporated in 2011, the firm is engaged in Manufacturing
of Rubber Conveyor Belts and managed by Mohammed Rashid and M.
Usman.


SPICEJET LTD: DGCA Removes Carrier from Enhanced Surveillance
-------------------------------------------------------------
The Economic Times reports that the Directorate General of Civil
Aviation (DGCA) on Oct. 15 lifted the enhanced surveillance
measures imposed on SpiceJet.

While the airline has been cleared from heightened scrutiny, random
spot checks will continue to ensure ongoing safety in operations,
ET says.

On August 29, the DGCA placed SpiceJet under enhanced surveillance
due to concerns over flight cancellations and the airline's
financial difficulties.

Following a special audit conducted on August 7 and 8, the DGCA
identified several deficiencies in the airline's engineering
facilities, ET relays.

In its statement, the DGCA noted, "In light of the past record and
the special audit carried out in August 2024, SpiceJet has once
again been placed under enhanced surveillance with immediate
effect."

This initial surveillance included increased spot checks and
nighttime inspections aimed at safeguarding operational safety.

According to ET, the company, which was initially planning to
secure around INR2,250 crore from a group of 64 investors,
ultimately bagged INR3,000 crore in funding.

The formerly cash-strapped SpiceJet defaulted on payments to
various vendors, including aircraft lessors, leading some to file
petitions for the airline's bankruptcy, ET notes.

Financial reports indicated a concerning trend for SpiceJet, ET
states. The airline recorded a 20% decline in consolidated net
profit, reporting INR158 crore for the first quarter ending June
2024, compared to INR198 crore for the same time, last year.

Revenue from operations had dropped by 15% year-on-year to INR1,708
crore, down from INR2,003 crore in the previous year, ET
discloses.

As SpiceJet navigates these challenges, the lifting of enhanced
surveillance may provide a glimmer of hope, but the airline's
financial stability remains precarious, adds ET.

                           About Spicejet

SpiceJet Limited -- http://www.spicejet.com/-- is an India-based
low-budget air carrier.  The Company operates daily flights between
major cities in India. The carrier is India's second-biggest budget
airline, after IndiGo.

SpiceJet has faced a series of insolvency petitions from various
parties in the National Company Law Tribunal (NCLT) and and the
appellate tribunal NCLAT over pending dues. These include Willis
Lease Finance, Aircastle Ireland Ltd, Wilmington Trust SP Services
(Dublin), Celestial Aviation and Engine Lease Finance BV.

SpiceJet has reached a settlement with Celestial Aviation and
Engine Lease Finance BV.

As reported in the Troubled Company Reporter-Asia Pacific in late
September 2024, the NCLT) on Sept. 23 issued notice to SpiceJet
over the plea filed by one of its operational creditors, Techjockey
Infotech Pvt Ltd.

Techjockey Infotech claimed a default of nearly INR1.2 crore owed
by SpiceJet against software services availed by them and requested
to initiate a corporate insolvency resolution process (CIRP)
against the air carrier.


SPICEJET: Settles $23.39M Dispute w/ Aircastle & Wilmington Trust
-----------------------------------------------------------------
Financial Express reports that SpiceJet Ltd on Oct. 15 announced
that it has successfully settled a $23.39 million dispute with
Aircastle (Ireland) Designated Activity Company and Wilmington
Trust SP Services (Dublin) Limited for an aggregate sum of $5
million, together with agreement in relation to the treatment of
certain aircraft engines.

In a statement, SpiceJet said that both the parties have reached an
agreement through amicable negotiations, choosing to resolve the
matter outside the courtroom, FE relates. Further, it added that
all ongoing litigations and disputes between the parties will be
withdrawn at the appropriate forums, as part of this settlement.

The resolution further strengthens SpiceJet's commitment to
restoring financial stability and mitigating legal liabilities.

Before this, SpiceJet had announced two other significant financial
agreements as well in recent weeks. On October 9, the airline
resolved a $131.85 million dispute with lessors Horizon Aviation 1
Ltd, Horizon II Aviation 3 Ltd, and Horizon III Aviation 2 Ltd
(under the management of Babcock & Brown Aircraft Management) for
$22.5 million, FE reports. Prior to that, on September 24, it had
settled a dispute with Engine Lease Finance Corporation (ELFC),
which initially claimed $16.7 million, for an undisclosed lower
amount.

According to FE, Ajay Singh, Chairman and Managing Director,
SpiceJet, said, "We are pleased to have successfully resolved this
long-standing dispute with Aircastle and Wilmington Trust. This
settlement underscores our commitment to amicably resolving matters
in the best interest of the company and all stakeholders. With this
and other significant settlements, SpiceJet continues to strengthen
its financial position and lay the groundwork for a more resilient
future. We look forward to focusing on our operational goals and
enhancing our customer experience."

                           About Spicejet

SpiceJet Limited -- http://www.spicejet.com/-- is an India-based
low-budget air carrier.  The Company operates daily flights between
major cities in India. The carrier is India's second-biggest budget
airline, after IndiGo.

SpiceJet has faced a series of insolvency petitions from various
parties in the National Company Law Tribunal (NCLT) and and the
appellate tribunal NCLAT over pending dues. These include Willis
Lease Finance, Aircastle Ireland Ltd, Wilmington Trust SP Services
(Dublin), Celestial Aviation and Engine Lease Finance BV.

SpiceJet has reached a settlement with Celestial Aviation and
Engine Lease Finance BV.

As reported in the Troubled Company Reporter-Asia Pacific in late
September 2024, the NCLT) on Sept. 23 issued notice to SpiceJet
over the plea filed by one of its operational creditors, Techjockey
Infotech Pvt Ltd.

Techjockey Infotech claimed a default of nearly INR1.2 crore owed
by SpiceJet against software services availed by them and requested
to initiate a corporate insolvency resolution process (CIRP)
against the air carrier.


SR DIGITAL: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: SR Digital TV and Broadband Private Limited

        Registered Address:
        335, Orbit Mall, A.B. Road,
        Indore, Indore,
        Madhya Pradesh, India 452010

Insolvency Commencement Date: September 25, 2024

Court: National Company Law Tribunal, Indore Bench

Estimated date of closure of
insolvency resolution process: March 29, 2025

Insolvency professional: Chaya Gupta

Interim Resolution
Professional: Chaya Gupta
              911, Apollo Premier
              Near Vijay Nagar Square
              Indore, 452010, M.P.
              Email: cirp.srdigitaltv2024@gmail.com

              -- and --

              1, Bima Nagar, 202
              Almas Dreams Apartment, Near Anand Bazaar
              Indore 452018, MP
              Email: guptachayacs@gmail.com

Last date for
submission of claims: October 14, 2024


SRIKAR BIOTECH: CRISIL Withdraws B Rating on INR18cr Cash Loan
--------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Srikar Biotech Private Limited (SBPL; part of the Srikar group) on
the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with CRISIL
Rating's policy on withdrawal of its rating on bank loan
facilities.

                         Amount
   Facilities         (INR Crore)    Ratings
   ----------         -----------    -------
   Cash Credit            18         CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Long Term Loan          3.10      CRISIL B/Stable/Issuer Not
                                     Cooperating (Withdrawn)

   Proposed Long Term      2.95      CRISIL B/Stable/Issuer Not
   Bank Loan Facility                Cooperating (Withdrawn)

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

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

Detailed Rationale

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

For arriving at its ratings, CRISIL Ratings has combined the
business and financial risk profiles of SBPL and Eldorado Agritech
Pvt Ltd (EAPL). This is because both these companies, together
referred to as the Srikar group, are in the same business with
common promoters and fungible cash flows.

                         About the Group

The Srikar group is promoted by Dr Linga Srinivas Rao and his wife,
Ms Usha Rani. Incorporated in 2009, EAPL processes agricultural
hybrid seeds. Set up in 2008, SBPL manufactures bio-products,
pesticides, plant growth regulators, micro nutrients and granules.


SUJAY INDUSTRIES: CRISIL Withdraws B Rating on INR2.25cr Loan
-------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Sujay Industries (SI) on the request of the company and after
receiving no objection certificate from the bank. The rating action
is in-line with CRISIL Rating's policy on withdrawal of its rating
on bank loan facilities.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            2.25      CRISIL B/Stable/Issuer Not
                                    Cooperating (Withdrawn)

   Long Term Loan         2.00      CRISIL B/Stable/Issuer Not
                                    Cooperating (Withdrawn)

   Proposed Cash          1.25      CRISIL B/Stable/Issuer Not
   Credit Limit                     Cooperating (Withdrawn)

   Proposed Long Term     1.50      CRISIL B/Stable/Issuer Not
   Bank Loan Facility               Cooperating (Withdrawn)

CRISIL Ratings has been consistently following up with SI for
obtaining information through letter and email dated September 11,
2023 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 SI. This restricts CRISIL
Ratings' ability to take a forward looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on SI is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, CRISIL Ratings has
Continued the rating on the bank facilities of SI to 'CRISIL
B/Stable Issuer not cooperating'.

Set up in 2003 as a proprietorship by Mr Popat Sathe, SI
manufactures auto components of sheet metal. The facility is in
Bhosari (Pune).




=========
J A P A N
=========

MITSUI O.S.K: Egan-Jones Retains BB+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2024, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Mitsui O.S.K. Lines, Ltd.

Headquartered in Minato City, Tokyo, Japan, Mitsui O.S.K. Lines,
Ltd. provides marine transportation, warehousing, and cargo
handling services.

SHARP CO: Egan-Jones Lowers Senior Unsecured Ratings to BB-
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 25, 2024, downgraded the
local currency senior unsecured ratings on debt issued by Sharp
Corporation to BB- from BB.

Headquartered in Sakai, Osaka, Japan, Sharp Corporation
manufactures consumer and industrial electronics.



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

ASSET APPLICATORS: Court to Hear Wind-Up Petition on Oct. 31
------------------------------------------------------------
A petition to wind up the operations of Asset Applicators NZ
Limited will be heard before the High Court at Wellington on Oct.
31, 2024, at 10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on Sept. 5, 2024.

The Petitioner's solicitor is:

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


BEVBRAND 2021: Court to Hear Wind-Up Petition on Oct. 18
--------------------------------------------------------
A petition to wind up the operations of Bevbrand 2021 Limited will
be heard before the High Court at Wellington on Oct. 18, 2024, at
10:00 a.m.

Jet Waste & Water Systems Limited filed the petition against the
company on Oct. 18, 2024.

The Petitioner's solicitor is:

          Brett Leeson Martelli
          Martelli Yaqub Lawyers Limited
          1 St Georges Bay Road
          Parnell, Auckland


DEVON CONSTRUCTION: Creditors' Proofs of Debt Due on Nov. 7
-----------------------------------------------------------
Creditors of Devon Construction Limited are required to file their
proofs of debt by Nov. 7, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Oct. 4, 2022.

The company's liquidator is:

          Brenton Hunt
          PO Box 13400
          City East
          Christchurch 8141


DIRT WORLD: Court to Hear Wind-Up Petition on Oct. 31
-----------------------------------------------------
A petition to wind up the operations of Dirt World Limited will be
heard before the High Court at Auckland on Oct. 31, 2024, at 10:00
a.m.

Rock And Rubble Limited filed the petition against the company on
Sept. 9, 2024.

The Petitioner's solicitor is:

          Brett Leeson Martelli
          Martelli Yaqub Lawyers Limited
          1 St Georges Bay Road
          Parnell, Auckland


DU VAL: Founders Seek Legal Aid to Fight FMA Charges
----------------------------------------------------
LawFuel reports that the founders of Du Val Group, Kenyon and
Charlotte Clarke, have applied for legal aid to defend themselves
against charges brought by the Financial Markets Authority (FMA).

According to LawFuel, the FMA has taken action against Du Val and
its founders, Kenyon and Charlotte Clarke, suggesting potential
violations of financial regulations or misconduct.

The Government put 70 Du Val entities into statutory management in
August while the Clarkes personally and their family trust are in
receivership, LawFuel notes. The FMA gained orders seizing the
group's assets and undertook raids on the Clarkes' home in
Auckland.

LawFuel relates that Du Val statutory receivers disclosed last
month that the various entities in the group faced eight legal
proceedings after receivers PwC undertook a full search of legal
actions against the once high-flying companies. "Those searches
showed eight active proceedings. The receivership orders do not
operate to stay (pause) those proceedings," the report into the Du
Val Group said.

The receivers appointed to manage Du Val's assets are reportedly
refusing to pay rent on the company's former headquarters, which
has led to a dispute over the property and its ongoing costs,
LawFuel says.

                        About Du Val Group

Du Val Group developed large-scale residential projects in New
Zealand, renowned for their innovative design.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
30, 2024, the Financial Markets Authority - Te Mana TAtai Hokohoko
- on Aug. 21, 2024, confirmed that the Governor-General, on the
advice of the Minister of Commerce and Consumer Affairs given in
accordance with a recommendation from the FMA, declared a number of
entities within the Du Val group be placed in statutory management
under the terms of the Corporations (Investigation and Management)
Act 1989 (the Corporations Act).

Statutory management for these entities was announced by the
Minister on Aug. 21, effective immediately. John Fisk, Stephen
White and Lara Bennett of PwC New Zealand, who were appointed as
interim receivers on Aug. 2, 2024, have been appointed as the
Statutory Managers.

OPUS CONSTRUCTION: In Liquidation; Owes More Than NZD177,000
------------------------------------------------------------
Otago Daily Times reports that a Queenstown-based residential
construction business, placed in liquidation earlier this month,
owes more than NZD177,000, the first liquidators' report shows.

Iain Shephard and Jessica Kellow, of BDO Wellington, were appointed
joint and several liquidators by special resolution of the
shareholders of Opus Construction on October 1.

The company, which was incorporated in November 2021, was primarily
a labour contractor but ceased trading in January this year. It
faced "significant" debt with Inland Revenue and had not finalised
its accounts since 2021.

With no assets and having stopped operations, the shareholders -
the sole shareholder and director is listed as Vance Griffiths -
resolved to place the company in liquidation due to falling behind
on tax obligations, according to ODT.

It was too early to reliably estimate what funds, if any, would be
available for preferential and unsecured creditors, the report
said.

In January, Mr. Griffiths and Lily Bolger were listed as directors
and shareholders of a house construction business Central
Construction NZ Ltd which had been newly incorporated.

Also, Swell Roofing and Cladding, a Dunedin-based metal roof-fixing
business placed in liquidation last month on the application of the
Commissioner of Inland Revenue, owes nearly NZD137,000, the first
liquidators' report said, ODT relays.

The cause of the liquidation appeared to be related to a failure to
account for taxation. Its sole director and shareholder was listed
as Joesph Matauranga Ropata.


THORSEN CONSTRUCTION: Creditors' Proofs of Debt Due on Nov. 6
-------------------------------------------------------------
Creditors of Thorsen Construction Limited are required to file
their proofs of debt by Nov. 6, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 8, 2024.

The company's liquidators are:

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




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

E CAPITAL: Court to Hear Wind-Up Petition on Oct. 18
----------------------------------------------------
A petition to wind up the operations of E Capital Land Pte. Ltd
will be heard before the High Court of Singapore on Oct. 18, 2024,
at 10:00 a.m.

ZH Builders Pte Ltd filed the petition against the company on Sept.
25, 2024.

The Petitioner's solicitors are:

          Titanium Law Chambers LLC
          No 30 Cecil Street
          #11-03, Prudential Tower
          Singapore 049712


MARINA AQUATA: Commences Wind-Up Proceedings
--------------------------------------------
Members of Marina Aquata Shipping Pte Ltd., Marina Aruana Shipping
Pte Ltd., Marina Cobia Shipping Pte Ltd. and Marina Opah Shipping
Pte Ltd. on Oct. 1, 2024, passed a resolution to voluntarily wind
up the company's operations.

The company's liquidators are:

          Chek Khai Juat
          Tay Tuan Leng
          c/o Tricor Singapore
          9 Raffles Place
          #26-01 Republic Plaza
          Singapore 048619


MM&S GLOBAL: Court to Hear Wind-Up Petition on Oct. 25
------------------------------------------------------
A petition to wind up the operations of MM&S Global Pte. Ltd will
be heard before the High Court of Singapore on Oct. 25, 2024, at
10:00 a.m.

DBS Bank Ltd filed the petition against the company on Oct. 4,
2024.

The Petitioner's solicitors are:

          Rajah & Tann Singapore LLP
          9 Straits View
          #06-07 Marina One West Tower
          Singapore 018937


ORHSOME PTE: Court to Hear Wind-Up Petition on Oct. 25
------------------------------------------------------
A petition to wind up the operations of Orhsome Pte. Ltd will be
heard before the High Court of Singapore on Oct. 25, 2024, at 10:00
a.m.

DBS Bank Ltd filed the petition against the company on Oct. 2,
2024.

The Petitioner's solicitors are:

          Rajah & Tann Singapore LLP
          9 Straits View
          #06-07 Marina One West Tower
          Singapore 018937


QOO10 PTE: Court to Hear Wind-Up Petition on Nov. 11
----------------------------------------------------
A petition to wind up the operations of QOO10 Pte. Ltd will be
heard before the High Court of Singapore on Nov. 11, 2024, at 10:00
a.m.

Korea Culture Promotion Inc. filed the petition against the company
on Sept. 10, 2024.

The Petitioner's solicitors are:

          Rajah & Tann Singapore LLP
          9 Straits View
          #06-07 Marina One West Tower
          Singapore 018937



                           *********


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
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