Kesar Enterprises Limited Press Release May 21 2026

21st May 2026 This is to inform you that Sugar Development Fund through IFCI Limited (“the Applicant”) has filed a petition u/s 7 of Insolvency and Bankruptcy Code, 2016 in respect of the Company before Honourable National Company Law Tribunal (“NCLT”), Mumbai Bench. The Current status of the said petition is that it has not been admitted and that the Company has been directed to file a reply to t