Radhagobind Commercial Publishes Form G Inviting Resolution Plan Expressions
Radhagobind Commercial Limited has published Form G through its Interim Resolution Professional, inviting expressions of interest from prospective resolution applicants. The company, currently under CIRP following a Rs 1.03 crore default to Fort Cafe Food Services, operates in trading activities with minimal assets and has set a structured timeline for resolution plan submissions ending March 17, 2026.
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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.
| Form G Timeline: | Date |
|---|---|
| Last Date for EOI Receipt: | January 16, 2026 |
| Provisional List Issue: | January 26, 2026 |
| Objections Deadline: | January 31, 2026 |
| Final List Issue: | February 10, 2026 |
| Information Memorandum Issue: | February 15, 2026 |
| Resolution Plans Submission: | March 17, 2026 |
Key Details of the Original Case
| Aspect: | Details |
|---|---|
| Petitioner: | Fort Cafe Food Services Pvt. Ltd. |
| Respondent: | Radhagobind Commercial Limited |
| Total Default Amount: | Rs 1,02,60,000 |
| Principal Amount: | Rs 90,00,000 |
| Interest Amount: | Rs 12,60,000 |
| Loan Terms: | 18% annual interest, disbursed in September 2023 |
| Default Period: | 213 days (as of the petition date) |
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.
| Company Details: | Information |
|---|---|
| Business Activity: | Trading (fabrics/wholesale) |
| Fixed Assets: | No major fixed assets |
| Employee Count: | 1 |
| Last Year Trading Profit: | Nil |
| Contact Email: | radhagobindcirp2025@gmail.com |
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.
