Pradhin Limited's Committee of Creditors (CoC) at its second meeting admitted total claims of Rs. 23.47 Cr, including Rs. 23.24 Cr from financial creditors.

A shareholder raised serious allegations of Rs. 110+ Cr fund siphoning and questioned the eligibility of two financial creditors, claiming their advances were for share warrants, not debt.

Preliminary checks by the Resolution Professional confirmed share warrants were allotted to one CoC member, with 2.28 Cr warrants unconverted due to non-payment, prompting further investigation through a forensic audit.

The CoC approved key expenses (Rs. 60,733), waived valuation for low-value assets, sanctioned valuation for other assets (up to Rs. 1.10 Lakh), authorized the forensic audit (Rs. 4.50 Lakh), continued the statutory auditor (Rs. 2.10 Lakh), and cleared Rs. 1.99 Lakh for staff salaries and office rent.