Avarsekar and Sons Private Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Corporate guarantor for the debts of Unity Infraprojects Limited, with its address at 1252 Pushpanjali Apartment, Old Prabhadevi Road, Prabhadevi, Mumbai 400025.

Sector Construction & Infrastructure Bench NCLT Mumbai Last process activity 28 days ago · public announcement · active

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

30 days

This case

NCLT Mumbai median · 1 yr 6 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.

The company

Private limited company in Construction & Infrastructure, registered in Maharashtra

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Construction & Infrastructure · 779 closed

Resolved 25% · Liquidation 34% · Withdrawn or closed 41%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 67.8% n=180

Liquidations in this sector: typical recovery 0.3% of claims n=43

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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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