Simbhaoli Sugars Limited has disclosed defaults on the payment of interest and principal amounts for loans from banks and financial institutions as of June 30, 2026. The total outstanding amount as of this date is ₹3,464.96 Crores, all of which is in default. This figure includes interest amounting to ₹2,194.57 Crores, which was not included in the financial statements but was disclosed in the notes to accounts. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, effective from July 11, 2024. Consequently, the powers of the Board of Directors are suspended. Mr. Anurag Goel has been appointed as the Interim Resolution Professional (IRP) to manage the company's assets and operations. However, the CIRP process is currently under a stay order dated July 24, 2024, issued by the Hon’ble National Company Law Appellate Tribunal, New Delhi. A copy of this order is available on the company's website.
