Fresh Form G Issued Under Insolvency Process — Expression of Interest Invited from Resolution Applicants

The company is under Corporate Insolvency Resolution Process (CIRP).

Tue 29 Sep 2026

Form G Publication Date

September 25, 2026

EoI Submission Deadline

10th October 2026

Resolution Plans Due

9th December 2026

Company Fixed Assets

No fixed assets as on date

Employee Count at CIRP Commencement

No employees

What this update is

The Resolution Professional of the company has intimated BSE, after the event, that a fresh Form G was published for the company, which is undergoing the Corporate Insolvency Resolution Process (CIRP). This follows an earlier intimation about initiation of CIRP.

Form G is the formal public advertisement inviting Expression of Interest (EoI) from parties who may wish to submit a resolution plan — effectively, a plan to take over and revive the company or settle creditor claims.

Where it was published

• The Financial Express (English), All India Edition
• The Hindu Tamil (Tamil), Chennai Edition

Both published on September 25, 2026.

The process timeline stated in Form G

• Last date for receipt of Expression of Interest: 10th October, 2026
• Date of issue of provisional list of prospective resolution applicants: 20th October, 2026
• Last date for objections to the provisional list: 25th October, 2026
• Date of issue of final list of prospective resolution applicants: 4th November, 2026
• Issue of information memorandum, evaluation matrix and request for resolution plans: 9th November, 2026
• Last date for submission of resolution plans: 9th December, 2026

What Form G says about the company's condition

• There are no fixed assets of the corporate debtor as on date, and the registered office is also shut.
• The company was engaged in software development and related services but remained non-operational for several years prior to the insolvency commencement date.
• No employees as on the CIRP commencement date.
• No balance sheets or audited financial statements after FY2015-16 are presently available; the Resolution Professional is in the process of retrieving and compiling the financial statements up to date.
• The corporate debtor is not an MSME.

How investors may read this

For a company in CIRP, the resolution process determines what happens next — a resolution plan, or, if none succeeds, other outcomes under the insolvency code. Equity shareholders rank last in the waterfall of claims under the Insolvency and Bankruptcy Code, so the treatment of existing shares depends entirely on the resolution plan that is eventually approved.

The description in Form G — no fixed assets, shut office, no employees, and financials unavailable beyond FY2015-16 — indicates a shell-like state of operations, which can shape perception of how attractive the company may be to prospective resolution applicants.

What to watch next

• Whether any Expressions of Interest are received by 10th October, 2026
• The provisional and final lists of prospective resolution applicants
• Whether resolution plans are submitted by 9th December, 2026

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.