Admitted by the Ahmedabad bench on a petition by a financial creditor. Current status: Under CIRP.
In the insolvency process for
1 yr 2 mo
This case
NCLT Ahmedabad median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 449 / 4,609). Pre-packs left out.
The company
Public limited company in Logistics & Transport, registered in Gujarat
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Logistics & Transport · 178 closed
Resolved 12% · Liquidation 58% · Withdrawn or closed 30%
NCLT Ahmedabad · 630 closed
Resolved 23% · Liquidation 49% · Withdrawn or closed 28%