Radhagobind Commercial Limited has submitted a provisional list of expressions of interest (EOIs) to stock exchanges BSE and CSE as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The submission, dated January 26, 2026, was made in compliance with Section 25(2)(h) of the Insolvency and Bankruptcy Code read with Regulation 36A of the CIRP Regulations.

EOI Submission Details

The company received a total of 39 expressions of interest from prospective resolution applicants between December 30, 2025, and January 16, 2026. Interim Insolvency Professional Najeeb T P, with registration number IBBI/IPA-002/IP-N01014/2020-2021/13316, submitted the provisional list to both exchanges for record and transparency purposes.

Composition of Prospective Resolution Applicants

The list comprises diverse categories of applicants, demonstrating significant interest in the resolution process. The breakdown includes individual investors, corporate entities, consortiums, and specialized financial institutions.

Key Applicant Categories:

• Individual Applicants: 17 prospective resolution applicants including Amit Kumar Somani, Anuj Jalan, Bhawarlal, Jaya Paul, and others
• Companies: 12 corporate entities such as Air Tree Venture Private Ltd, Amara Resources Limited, Camellia Tradex Private Limited, and Standard Capital Markets Limited
• Consortiums and Joint Ventures: 6 collaborative entities including joint ventures and consortium arrangements
• Limited Liability Partnerships: 2 LLPs - Kvell Venture LLP and Sheza Corporate Advisors LLP
• Specialized Entities: Including Randar Businesses Pvt Ltd (NBFC), Kailash Dhanuka HUF, and Resurgent India Limited (SEBI-registered Investment Bank)

Regulatory Compliance and Next Steps

The Interim Insolvency Professional confirmed that due diligence was exercised in preparing the list and committed to providing further clarifications or supporting documents as required by exchanges or regulatory authorities. The provisional nature of the list allows for further verification and updates as the resolution process progresses.

The company, formerly known as Tejmangal Commercial Company Limited, is listed on BSE (Scrip Code: 539673) and CSE (Scrip Code: 030070). The submission represents a significant milestone in the CIRP process, with the substantial number of EOIs indicating strong market interest in the company's resolution.

The National Company Law Tribunal (NCLT), Kolkata, has admitted an insolvency petition against Radhagobind Commercial Limited , a BSE-listed trading company, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition, filed by Fort Cafe Food Services Pvt. Ltd., involves a total default of Rs 1.03 crore.

Form G Publication and Resolution Process

The Interim Resolution Professional has published Form G inviting expressions of interest from prospective resolution applicants for submission of resolution plans. The publication was made in Financial Express and Aajkaal Kolkata newspapers in compliance with IBC and CIRP Regulations requirements.

Key Details of the Original Case

Company Profile and Assets

According to Form G disclosures, the company operates in trading (fabrics/wholesale) and related commercial activities. The company has no major fixed assets and reported nil profit on trading commodities in the last financial year. Currently, the company employs only one person.

Background and NCLT Findings

Radhagobind Commercial Limited had secured a term loan of Rs 1.25 crore from Fort Cafe Food Services in September 2023. The loan was intended to cover expenses related to a proposed rights issue to raise Rs 23.5 crore. The company made timely interest payments until March 2024 but defaulted thereafter.

The tribunal's investigation revealed several concerning factors about the company's financial health, including non-performing investments, non-recoverable loan assets, and an income tax liability of Rs 3.5 crore. Based on these findings, the NCLT initiated the Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Najeeb TP as the Interim Resolution Professional (IRP).

Current Status and Next Steps

With Form G now published, prospective resolution applicants can submit their expressions of interest by emailing the IRP at radhagobindcirp2025@gmail.com . The structured timeline provides clear deadlines for each phase of the resolution process, culminating in the submission of final resolution plans by March 17, 2026.

The company remains under moratorium with management control transferred to the IRP. Creditors, shareholders, and other stakeholders continue to monitor the proceedings as the resolution process advances under the supervision of the appointed Interim Resolution Professional.