BGRENERGY2026-04-22BGRENERGY2026-04-222026-04-22in-capmkt:CorporateInsolvencyResolutionProcessEvent1MemberBGRENERGY2026-04-22in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberFinancialCreditorsDomain1BGRENERGY2026-04-222026-04-22in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberBGRENERGY2026-04-22in-capmkt:InitiationOfCorporateInsolvencyResolutionProcessMemberiso4217:INRBGR ENERGY SYSTEMS LIMITEDBGRENERGY532930NOTLISTEDINE661I01014NewInitiation of CIRP pursuant to NCLT order2026-04-222026-04-17true2024-10-29Canara Bank and subsequently National Asset Reconstruction Company Limited was substituted as the Financial Creditor5846781000trueThe Hon’ble NCLT, Amaravati Bench, vide order dated 17.04.2026, has admitted the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against BGR Energy Systems Limited, thereby initiating the Corporate Insolvency Resolution Process (CIRP).The petition was filed by Canara Bank and subsequently NARCL was substituted as the Financial Creditor, with a default amount of approximately ₹584.67 crore as on 31.08.2024.The Tribunal, having established the existence of financial debt and default, declared moratorium under Section 14 and appointed Mr. Dommeti Surya Rama Krishna Saibaba (Reg.no.IBBI/IPA-003/IP-N000165/2018-2019/12106)as the Interim Resolution Professional (IRP).Mr.Dommeti Surya Rama Krishna Saibaba