C Gems and Jewels Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: owns land and buildings on NH-1 at Village Patarsi, Fatehgarh Sahib, Punjab, parts of which it leased to tenants whose rent was tied to its term loans. The company told the tribunal its business closed during COVID-19.

Sector Other Manufacturing Bench NCLT Chandigarh Last process activity 5 months ago · claims re-verified

Case record

at a glance

Admitted by the Chandigarh bench. Current status: Under CIRP.

In the insolvency process for

1 yr 3 mo

This case

NCLT Chandigarh median · 1 yr 8 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,616). Pre-packs left out.

The company

Private limited company in Other Manufacturing, registered in Punjab

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation

How cases like this ended

Other Manufacturing · 926 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

Resolved cases in this sector: creditors' typical haircut 80.5% n=98

Liquidations in this sector: typical recovery 4.4% of claims n=58

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7 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note

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