Info-Drive Software Ltd, currently under CIRP, has issued a fresh Form G inviting expressions of interest. The company remains non-operational with no fixed assets or recent audited financial statements, creating significant challenges for value realization.
Info-Drive Software CIRP: New Expression of Interest Invited
Info-Drive Software Ltd has initiated a new round of bidding under the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional has set the deadline for submission of resolution plans as December 9, 2026.
Reader Takeaway: The company is non-operational with zero assets; stakeholders face severe limitations regarding potential value recovery.
What just happened
Following the publication of a fresh Form G on September 25, 2026, the company is seeking potential resolution applicants. This is a procedural step under the insolvency framework to gauge interest in the shell entity.
Key CIRP Timeline
- Expression of Interest Deadline: October 10, 2026
- Provisional List Issue Date: October 20, 2026
- Objections Deadline: October 28, 2026
- Final List Issue Date: November 4, 2026
- Resolution Plan Submission Deadline: December 9, 2026
Why this matters
The Resolution Professional, Sumeet Surendra Chimbalkar, disclosed that the company has been non-operational for several years. There are no fixed assets currently recorded, and financial statements are unavailable for any period after FY 2015-16. These factors underscore the extreme financial distress of the entity.
Risks to watch
The lack of operational viability and the total absence of physical assets suggest that any residual value for existing shareholders is highly uncertain. The difficulty in accessing historical financial data further obscures the company's past position and potential liabilities.
What to track next
Investors should monitor official BSE filings for any interest from potential resolution applicants, although the company's status as a non-operating entity remains a primary concern for value discovery.