TUNG BUILDERS PRIVATE LIMITED is a Private Limited Company incorporated on 8th December 2014 under the Companies Act, 2013. The company is registered with the Registrar of Companies, Chandigarh & has been allotted CIN: U45209PB2014PTC039094.

The company is primarily engaged in civil construction and infrastructure development, falling under NIC Code 4520.Its core areas of expertise include the construction of residential, commercial, and industrial buildings; development of public infrastructure such as roads, bridges, and drainage systems; and the execution of turnkey civil engineering projects. The company also undertakes structural renovations, land/site development, and urban infrastructure planning for both government and private sector clients.

The company is primarily engaged in civil construction and infrastructure development, falling under NIC Code 4520.Its core areas of expertise include the construction of residential, commercial, and industrial buildings; development of public infrastructure such as roads, bridges, and drainage systems; and the execution of turnkey civil engineering projects. The company also undertakes structural renovations, land/site development, and urban infrastructure planning for both government and private sector clients.

Initiation of Corporate Insolvency Resolution Process (CIRP)

Owing to continuous defaults in repayment of debts, Tung Builders Private Limited initiated its insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016 before the Hon’ble National Company Law Tribunal, Chandigarh Bench by filing petition CP (IB) No. 245/Chd/Hry/2023 on 01.09.2023.

The abovementioned petition was admitted by the Hon’ble NCLT, Chandigarh Bench on 08.04.2025. The Hon’ble NCLT vide same order has appointed Mr. Deepak Thukral having IP registration no. IBBI/IPA-002/IP-N00182/2017-18/10453, as the Interim Resolution Professional in the matter.

By virtue of the order of the Hon’ble NCLT, the powers of the board of directors of the corporate debtorshall stand suspended and be exercised by the interim resolution professional. Further, the management of the affairs of the corporate debtor shall vest in the interim resolution professional.

As per the provisions of Section 15 of IBC, 2016 read with Regulations 6 of IBBI (CIRP) Regulations, 2016, the IRP has made a public announcement in Form- A inviting claims from all the Creditors of above-named Corporate Debtor in two Newspapers namely, Financial Express (English) and Punjabi Jagran (Punjabi) on 10.04.2025. As per public announcement, the last date for submission of claims is 22.04.2025.