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Home/ Cases/ Other Manufacturing/ Creative Quartz LLP
● Under CIRP

Creative Quartz LLP

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Sector Other Manufacturing Bench NCLT Indore Last process activity 7 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 5 months ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

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

In the insolvency process for
7 mo
This case
NCLT Indore 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 = 35 / 4,609). Pre-packs left out.
The company
Limited liability partnership in Other Manufacturing, registered in Madhya Pradesh
Admitted claims
Under ₹10 Cr
Where the process stands
Admitted→Claims collected→Resolution plan or liquidation
How cases like this ended
Other Manufacturing · 923 closed
Resolved 11% · Liquidation 47% · Withdrawn or closed 42%
NCLT Indore · 60 closed
Resolved 28% · Liquidation 30% · Withdrawn or closed 42%
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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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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