Cerebra Integrated Technologies Limited Initiates Corporate Insolvency Resolution Process (CIRP)
Cerebra Integrated Technologies Limited has initiated the process of Corporate Insolvency Resolution under Chapter II of Part II of the Insolvency and Bankruptcy Code, 2016. The company filed the application before NCLT Bengaluru Bench concerning the insolvency proceedings.The action was taken following a default amount owed to Canara Bank.
The details regarding the insolvency initiation are as follows:
| Metric | Detail |
|---|---|
| Defaulting Creditor | Canara Bank |
| Amount of Default | Rs. 27,67,60,247/- (Rupees Twenty Seven Crores Sixty Seven Lakhs Sixty Thousand Two Hundred and Forty Seven Only) |
| Date of Occurrence of Event | June 15, 2026 |
| Time of Occurrence of Event | 08:06 P.M. |
Cerebra Integrated Technologies Limited has commenced the Corporate Insolvency Resolution Process with the objective of addressing the default amount associated with Canara Bank.
CEREBRAINT Stock Price Movement
Today, Cerebra Integrated Technologies Limited shares edged higher in the market, closing at ₹3.97 after gaining 3.37%. The stock traded a total volume of 62,240 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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