Heranba Industries Faces Insolvency Application
Heranba Industries Limited announced on March 20, 2026, that Haresh Petrochem Private Limited has filed an insolvency application against the company before the National Company Law Tribunal (NCLT) in Ahmedabad. The filing is made under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).The outstanding balance as of the filing date is approximately Rs. 2.63 Crores. The payment was temporarily withheld due to a quality issue related to goods/services supplied by Haresh Petrochem. The company is actively engaged in resolving this quality matter with the petitioner.Heranba Industries anticipates an amicable resolution outside of NCLT proceedings and expects the payment to be...