Mr. Sumeet Surendra Chimbalkar has been appointed as the Resolution Professional for Info-Drive Software Ltd…
India — direction and magnitude withheld
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Key takeaway
Info-Drive Software Ltd advances its insolvency process as a new Resolution Professional is appointed.
- Step 1 · The triggerInfo-Drive Software Ltd replaces its Interim Resolution Professional with a full Resolution Professional, advancing the CIRP process.
- Step 2 · Knock-onThe Committee of Creditors, led by the new Resolution Professional, now determines whether Info-Drive is restructured or liquidated, directly impacting creditor recoveries and contract continuity for counterparties.
- Step 3 · Reaches youSMEs with receivables or supply contracts face heightened risk of delayed or partial recovery, as operational creditors are subordinated to secured creditors under IBC.
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: BSE
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