Avasarala Technologies Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Sector Other Services Bench NCLT Bengaluru Last process activity 12 months ago · tribunal order

Case record

at a glance

Admitted by the Bengaluru bench on a petition by an operational creditor. Current status: Under CIRP.

In the insolvency process for

3 yr 3 mo

This case

NCLT Bengaluru median · 1 yr 1 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 161 / 4,609). Pre-packs left out.

The company

Public limited company in Other Services, registered in Karnataka

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Claims collected→Resolution plan or liquidation

How cases like this ended

Other Services · 1,227 closed

Resolved 14% · Liquidation 48% · Withdrawn or closed 38%

NCLT Bengaluru · 256 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 30%

Resolved cases in this sector: creditors' typical haircut 78.7% n=163

Liquidations in this sector: typical recovery 0.7% of claims n=127

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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