Admitted by the Mumbai bench. Current status: Under CIRP.
In the insolvency process for
1 yr 8 mo
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.
The company
Listed public limited company in Pharmaceuticals, registered in Maharashtra
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
Pharmaceuticals · 42 closed
Resolved 55% · Liquidation 33% · Withdrawn or closed 12%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%