Sun Granite Export CIRP Update: Creditors List Revealed

Admitted claims for Sun Granite Export Ltd stand at Rs 12.57 crore with an additional Rs 8.44 crore under verification.

Reader Takeaway: The CIRP move marks a critical stage in the resolution process, though significant debt remains under verification.

What just happened

Sun Granite Export Ltd, currently undergoing a Corporate Insolvency Resolution Process (CIRP) that commenced on August 5, 2026, has disclosed its official List of Creditors as of October 13, 2026. This filing adheres to the mandatory requirements under the IBBI insolvency regulations, providing transparency on the company's outstanding financial obligations.

Why this matters

For investors, the filing offers a clearer picture of the company's liability structure during the insolvency window. The admitted debt is entirely attributed to unsecured financial creditors, including firms such as Minasi Suppliers Private Limited and BSR Finance & Constructions Ltd. Meanwhile, operational creditor claims, including government dues to the Odisha Finance Department and fees owed to stock exchanges and depositories, remain under verification.

Governance and Process

The process is being overseen by Resolution Professional Raghunath Bhandari. The company has explicitly stated that it does not maintain an active corporate website, meaning all formal updates regarding the resolution status are being routed exclusively through the stock exchange filings.

What to track next

Investors should monitor future filings for the finalization of the resolution plan. Key areas to watch include the potential for 'haircuts' on admitted claims, the admission status of the Rs 8.44 crore currently under review, and any timelines set by the Resolution Professional for the company’s potential restructuring or liquidation.