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ARSS Infrastructure Projects Ltd
Plot No. 141, SBI colony, Paschim Vihar
Phone: +91 1125252024p:+91 1125252024 NEW DELHI, 110063  India Ticker: ARSSINFRAARSSINFRA
Filed for Bankruptcy on 4/18/2023
On 9/13/2021, ARSS Infrastructure Projects Ltd announced that the State Bank of India filed an Insolvency Petition seeking to initiate a Corporate Insolvency Resolution Process for the Company under section 7 of the Insolvency and Bankruptcy Code, 2016 with the National Company Law Tribunal - Cuttack Bench.
On 11/30/2021, the National Company Law Tribunal, Cuttack Bench admitted the petition filed against ARSS Infrastructure Projects Limited by State Bank of India under section 7 of the Insolvency and Bankruptcy Code, 2016.
On 4/18/2023, ARSS Infrastructure Projects Limited was ordered to be Liquidated by the National Company Law Tribunal, Cuttack Bench.
Ms. Payal Agarwal, Insolvency Resolution Professional was appointed as Liquidator of the Company.
Business Summary
ARSS Infrastructure Projects Limited is engaged in execution of contracts of various infrastructure projects including road work, bridge work, railway tracking and irrigation projects. The Company undertakes constructions of railway infrastructure, roads, highways, bridges, and irrigation projects. Its Railway projects include steel girder fabrication and erection, maintenance of railroads and rail infrastructure, flash butt welding for long rails at site, embankment, and cuttings for road/rail, and more. It executes various types of bridges, including concrete deck, prestressed concrete (PSC) bridges, steel girder bridges, and with various types of foundation, such as open foundation, well foundation, among others. Its clients include Ministry of Railways, State Government of Orissa, Rail Vikas Nigam Limited, RITES Limited, IRCON International Limited, National Thermal Power Corporation, Hindustan Steel Corporation Limited, PWD- Orissa, IOCL, and National Highway Authority of India.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20243/31/2024Yes----

Industries
SIC Code Description
1629 Heavy construction, not elsewhere classified
1611 Highway and street construction, except elevated highways

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board (Whole Time Director) SubashAgarwal 52 11/5/2007 11/5/2007
President, Chief Executive Officer SunilAgarwal 36 4/1/2005 4/1/2005
Chief Financial Officer, Whole-Time Director S K.Pattanaik 44 3/31/2015 4/1/2005
6 additional Officers and Directors records available in full report.

Business Names
Business Name
533163
ARSSINFRA

General Information
Number of Employees: 774 (As of 3/31/2022)
Outstanding Shares: 22,737,966 (As of 9/30/2024)
Shareholders: 17,262
Stock Exchange: NSE
Fax Number: +91 1125287357


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Tuesday, November 26, 2024