The Resolution Professional for Info-Drive Software has updated the list of creditor claims to Rs 61.18 crore. As the company remains under the Corporate Insolvency Resolution Process (CIRP), this disclosure provides essential clarity on the firm's current liabilities as it navigates the insolvency proceedings.
Info-Drive Software Insolvency Update: Rs 61.18 Crore Claims Admitted
Total admitted claims: Rs 61.18 crore; Total submitted claims: Rs 62.39 crore.
Reader Takeaway: Unsecured financial creditors represent 70% of claims, highlighting the focus area for the ongoing insolvency process.
What just happened
Sumeet Surendra Chimbalkar, the Resolution Professional (RP) for Info-Drive Software Limited, has filed an updated list of creditors as of September 12, 2026. This filing follows the company's entry into the Corporate Insolvency Resolution Process (CIRP) on October 15, 2019.
Why this matters
The disclosure provides transparency regarding the total admitted liabilities of the company. With Rs 61.18 crore admitted out of Rs 62.39 crore in total claims, shareholders gain insight into the distribution of debt. Unsecured financial creditors hold the largest stake at 70%, followed by operational creditors (government dues) at 28.47% and other operational creditors at 1.53%.
Risks to watch
Investors should note that Rs 1.21 crore in claims remain unadmitted. Furthermore, the company is not currently maintaining a corporate website, necessitating direct disclosures to the stock exchange. The prolonged duration of the CIRP, initiated in 2019, remains a critical factor for equity holders evaluating potential recovery outcomes.
What to track next
Stakeholders should monitor subsequent updates from the Resolution Professional regarding the status of a formal resolution plan or potential liquidation proceedings, both of which will determine the residual value for shareholders.