PS IT Infrastructure Enters Next Phase of Insolvency

PS IT Infrastructure & Services Ltd. has total financial creditor claims of ₹13.25 crore.
Total admitted claims stand at ₹13.22 crore.

What just happened

The Committee of Creditors (CoC) for PS IT Infrastructure & Services Ltd. held its first meeting on May 25, 2026, marking a significant step in its Corporate Insolvency Resolution Process (CIRP). The company is under NCLT Case No. IB/1232(MB)2025.

Why this matters

This meeting signifies the progression of the insolvency proceedings. Key approvals include the appointment of Mr. Rajneesh Kumar Aggarwal as Resolution Professional (RP), a forensic and transaction audit, and the initiation of the process to invite Expressions of Interest (EOI) from potential resolution applicants.

The backstory

PS IT Infrastructure & Services Ltd. has been admitted into CIRP by the National Company Law Tribunal (NCLT). The CoC, comprising financial creditors, now guides the resolution process. The top three creditors hold approximately 65.66% of the voting share.

What changes now

The RP is authorized to publish Form G, formally inviting bids from interested parties. A forensic audit will also commence, looking back at transactions from April 1, 2024, to April 29, 2026, to identify any irregularities.

Risks to watch

For shareholders, the primary risk is the dilution or complete loss of their investment as the CIRP prioritizes maximizing value for creditors. The outcome of the forensic audit and the EOI process will be critical.

Peer comparison

As PS IT Infrastructure & Services Ltd. is undergoing CIRP, direct operational peer comparisons are less relevant. The focus shifts to successful resolution outcomes of similar companies that have gone through CIRP.

Context metrics (time-bound)

• CIRP Commencement: NCLT Case No. IB/1232(MB)2025.
• CoC First Meeting: May 25, 2026.
• Financial Creditor Claims: ₹13.25 crore claimed, ₹13.22 crore admitted.
• Audit Lookback Period: April 1, 2024, to April 29, 2026.
• Meeting Interval: Extended to 60 days.

What to track next

Investors should monitor the publication of Form G, the interest shown by potential resolution applicants, and the findings of the forensic and transaction audit.