Demac Technologies Pvt Ltd

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

Business: private limited company registered in Vadodara, Gujarat; hired cranes from the petitioner under a work order for a project site at Barauni, Bihar.

Sector Machinery & Equipment Bench NCLT Ahmedabad Last process activity 3 months ago · Form G EoI deadline

Case record

at a glance

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

In the insolvency process for

9 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

Private limited company in Machinery & Equipment, registered in Gujarat

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

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 79.4% n=38

Liquidations in this sector: typical recovery 2.9% of claims n=38

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6 sections of this case are locked.

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

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