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DS Kulkarni Developers has informed that DS Kulkarni Developers (herein after referred to as the Company) was under Corporate Insolvency Resolution Process (CIRP) pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) and its affairs, business and assets were being managed by the Erstwhile Resolution Professional, Manoj Kumar Agarwal appointed by Hon'ble National Company Law Tribunal, Mumbai Bench, vide order dated September 26, 2019. It may be noted that as per the provisions of IBC, the earlier Board/Committee(s) of the Company had been suspended. Further, Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT) vide order dated June 23, 2023 (Certified copy received on 30th June, 2023) has approved the Resolution Plan submitted by the consortium comprising of Ashdan Properties, Classic Promoters & Builders and Atul Builders (Successful Resolution Applicant) in the CIRP of D S Kulkarni Developers.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Lodha Developers 875.75
Dilip Buildcon 450.60
DLF 607.70
Oberoi Realty 1724.10
Ahluwalia Contract(I 866.35
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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