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Home/ Cases/ Textiles & Apparel/ Bhavanam Spinning Mills Private Limited
● Under CIRP

Bhavanam Spinning Mills Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

The company's own counter, recorded in the order, describes a running spinning and textiles undertaking registered as an MSME, with its registered office in Guntur, Andhra Pradesh.

Sector Textiles & Apparel Bench NCLT Hyderabad Last process activity 20 days ago · public announcement · active

Owed money by this company? The date in the public announcement has passed, but regulation 12 still allows a claim for 67 more days, or longer if the request for resolution plans has not yet gone out. How to file your claim →

Case record

at a glance

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

In the insolvency process for
23 days
This case
NCLT Hyderabad median · 1 yr 2 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 334 / 4,609). Pre-packs left out.
The company
Company in Textiles & Apparel, registered in Andhra Pradesh
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Textiles & Apparel · 442 closed
Resolved 19% · Liquidation 55% · Withdrawn or closed 27%
NCLT Hyderabad · 483 closed
Resolved 26% · Liquidation 45% · Withdrawn or closed 29%
Resolved cases in this sector: creditors' typical haircut 81.1% n=80
Liquidations in this sector: typical recovery 5.8% of claims n=84
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Company & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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