The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) against Pradhin Limited, following its default on a financial debt of Rs. 12.98 Crore.

An Interim Resolution Professional has been appointed, taking over the company's management as the Board's powers are now superseded.

This decision triggers a moratorium on Pradhin's assets, marking a critical phase for the company as it enters a court-supervised restructuring process.