SKIL Infrastructure admitted to CIRP after Rs 37 mn default

09 Feb 2024 CW Team

The Mumbai bench of the National Company Law Tribunal (NCLT) has granted admission to SKIL Infrastructure, a listed infrastructure development company, under the corporate insolvency resolution process (CIRP). This decision follows an application submitted by Amluckie Investment Company, the financial creditor of SKIL Infrastructure.

Purusottam Behera has been appointed as the resolution professional for the case by the tribunal. The moratorium, effective from the date of the order, will remain in place until the completion of the CIRP or until the adjudicating authority approves the resolution plan or issues an order for the liquidation of the corporate debtor under section 33 of the Insolvency and Bankruptcy Code (IBC), as applicable. This information was outlined in the order issued by the division bench, composed of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh, on February 1.

SKIL Infrastructure, founded by brothers Nikhil and Bhavesh Gandhi, played a pivotal role in constructing India's inaugural private-sector seaport at Pipavav in Gujarat. Additionally, the company successfully undertook the construction of the country's first railway line under the public-private partnership model, connecting the port of Pipavav to the nearest broad gauge station, Surendranagar, spanning 286 kilometres. The financial creditor initiated the tribunal proceedings on February 20, 2020, citing a default amounting to approximately Rs 37 million.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..