Dharan Infra-EPC Ltd Releases List of Creditors Under CIRP

The list of creditors as of October 21, 2026, has been filed with stock exchanges.
Interim Resolution Professional Palak Swapnil Desai has overseen the disclosure of five major creditor categories.

Reader Takeaway: The disclosure marks a critical step in the NCLT insolvency process; clarity on debt resolution remains pending.

What just happened

As part of the mandatory Corporate Insolvency Resolution Process (CIRP), Dharan Infra-EPC Ltd has published a formal list of its creditors. This filing, dated November 3, 2026, details the entities to whom the company owes financial obligations as of October 21, 2026. The list was submitted to the exchanges by the court-appointed Interim Resolution Professional (IRP).

Why this matters

For investors and stakeholders, the publication of the creditor list is a vital milestone in the insolvency timeline. It identifies the parties with claims against the company, which is the foundational step for any potential debt restructuring or liquidation plan. The presence of major institutional lenders like LIC Housing Finance, Canara Bank, and the Central Bank of India, in addition to home buyers, highlights the scale of the company's financial liabilities.

The backstory

Dharan Infra-EPC Ltd, previously recognized as KBC Global Limited and Karda Construction Limited, is currently navigating a restructuring process under the National Company Law Tribunal (NCLT), Mumbai Bench. The transition into CIRP reflects the company's efforts to resolve its mounting financial challenges under professional management oversight.

What to track next

Investors should monitor future NCLT filings for updates on the Resolution Plan, the committee of creditors' meetings, and any potential timelines for debt settlement. The IRP will lead the process of collating and verifying these claims to determine the path forward for the organization.