November 20, 2025
Turnest Resources P. Ltd. admitted in CIRP as financial debt and default duly established
IntelME Verdict
Risk Factor
TL;DR
Turnest Resources Pvt. Ltd. admitted into CIRP after HDFC Bank proved financial debt and default, signaling financial trouble for the company.
Analysis
The admission of Turnest Resources Pvt. Ltd. into CIRP due to financial debt and default signifies a heightened risk factor for investors and creditors. Finance professionals should take note of this development as it could lead to potential losses in investments or exposure to the company's financial instability.
Source
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