Setubandhan Infra Undergoing CIRP Since Nov 2022; Fails to File Compliances
Setubandhan Infrastructure Limited is under Corporate Insolvency Resolution Process (CIRP) since November 28, 2022. The NCLT rejected the resolution plan on March 24, 2025, and an appeal is pending. The company cannot submit required compliances for the quarter ended June 30, 2026, due to unpaid fees to depositories and RTA.
The company is in a critical insolvency process, has had its resolution plan rejected, and is failing to submit essential regulatory filings, indicating significant financial distress and operational challenges.
The company is undergoing insolvency, its resolution plan was rejected, and it is unable to meet its regulatory compliance requirements due to past management's actions.
Setubandhan Infrastructure Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) since November 28, 2022, following an application by the State Bank of India. The Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, admitted the application on November 28, 2022. The Resolution Professional (RP) was appointed and subsequently confirmed by the Committee of Creditors (CoC) on December 28, 2022.
A resolution plan was approved by the CoC and submitted to the NCLT, but it was rejected on March 24, 2025. An appeal against this rejection has been filed before the Hon’ble National Company Law Appellate Tribunal (NCLAT) on July 09, 2025, and the matter is pending.
Due to non-payment of outstanding fees by the erstwhile management to NSDL, CDSL, and the Registrar and Transfer Agent (RTA), these entities have stopped providing shareholding data. Consequently, the company is unable to submit its compliance reports for the quarter ended June 30, 2026, including the Shareholding Pattern, Reconciliation and Share Capital Audit report, Compliance certificate from RTA, and Investor Complaints.
However, the company is exempted from complying with Regulations 17 to 21 of SEBI (LODR), 2015, and Regulation 27 (Corporate Governance report) as it is under CIRP, as per Regulations 15(2A) and 15(2B) of SEBI (LODR), 2015.
What to do with a filing like this
Setubandhan Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Setubandhan Infrastructure Limited. Read the original for the full detail.