Dharan Infra-EPC Limited has settled its outstanding dues with financial creditor Tata Capital Housing Finance Limited, paving the way for withdrawal from the Corporate Insolvency Resolution Process. The National Company Law Appellate Tribunal has directed the Interim Resolution Professional to file for CIRP withdrawal under Section 12A of the Insolvency and Bankruptcy Code.
Dharan Infra-EPC Limited, formerly known as KBC Global Limited and Karda Construction Limited, has achieved a major development in its insolvency proceedings by finalizing a one-time settlement with its financial creditor. The company successfully cleared all its outstanding dues amounting to the full liability owed to Tata Capital Housing Finance Limited on December 31, 2025.
Following the initiation of the Corporate Insolvency Resolution Process, the suspended Board of Directors had approached the National Company Law Appellate Tribunal seeking a stay on the proceedings. During the claim verification period prescribed under the Insolvency and Bankruptcy Board of India regulations, the Corporate Debtor completed its settlement and cleared dues in full.
Key Developments
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The National Company Law Appellate Tribunal issued an order on January 6, 2026, directing the Interim Resolution Professional to take appropriate legal steps
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The company cleared all outstanding dues to Tata Capital Housing Finance Limited through a one-time settlement on December 31, 2025
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The tribunal instructed the IRP to approach the National Company Law Tribunal Mumbai Bench by filing an application under Section 12A of the Insolvency and Bankruptcy Code for withdrawal of the Section 7 application
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The NCLAT directed the IRP to collate all claims received during the CIRP period while clarifying that no further actions shall be undertaken in the insolvency process meanwhile
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The Interim Resolution Professional has initiated the process of filing the withdrawal application before the NCLT Mumbai Bench
Source: Stock Exchange Filing, Dharan Infra-EPC Limited