Sirpur Paper Mills located at Kaghaznagar in Adilabad district of Telangana. The National Company Law Tribunal on Thursday approved the proposal put forth by JK Paper to take over the bankrupt Sirpur Paper Mills. The Sirpur Paper Mills is an integrated paper and pulp mill which commenced operations in 1938 under the Nizam’s rule. The company is under the corporate insolvency resolution process as per the provisions of the Insolvency and Bankruptcy Code, 2016.
The approval came from NCLT’s Hyderabad bench in 50 days since the insolvency proceedings for Sirpur Paper Mills began. On 29 May 2018, JK Papers had submitted a resolution plan of nearly Rs. 600 crores for Sirpur Papers before the NCLT. It had approached the NCLT after Sirpur’s financial creditors approved the plan on 16 May 2018 by a majority 80.66% voting share.
Shardul Amarchand Mangaldas advised JK Paper on all aspects of the insolvency resolution process. He also advised them on the drafting of the resolution plan, competition law and representation before the NCLT. JK Papers is one of the largest producers of various kinds of papers and packaging boards. The International Finance Corporation, an investment arm of the World Bank had said that it would invest up to US$ 50 million (Rs 335 crores) in JK Papers last year.
The fastest growing democracy in the world could be a market for your products !
If you are confused by slow and poor sales to a seemingly large but immensely noisy and fragmented market, you are not alone! If your product is great, or viable, or appropriate, you can find your sweet spot in this more than US$ 4.3 trillion economy. The trick is to understand your potential and addressable markets, which we can help with in light of your direct competition. We understand marketing, communication, and sales strategies for market entry and growth.
If you are an OEM or a supplier with a strategy and budget, talk to us about using our hybrid print, web, video, and social media channels for locating and dominating your addressable markets in India and South Asia. We may be one of the world’s leading B2B publications in the print industry with hands-on practitioner and consulting experience. Our 50 years of domain knowledge observing technological change and understanding of business and financials, includes the best globally recognized technical writers. Apart from our industry award winners, an experienced team is ready to meet you and your customers for content.
India’s fast-growing economy and evolving democracy has considerable headroom for print. Get our 2026 media kit and recalibrate your role in this dynamic market.
Founded in 1979 as a technical newsletter, Indian Printer and Publisher is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. IppStar [www.ippstar.org] is our Services, Training and Research organization.
Naresh Khanna – 12 January 2026
Subscribe Now
