EVOQ Remedies Limited

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

Business: public company with registered office at Science City Road, Sola, Ahmedabad, Gujarat; accepted a purchase order to supply FSG Castor Oil.

Sector Trading & Distribution Bench NCLT Ahmedabad Last process activity 34 days ago · claims re-verified · active

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

4 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 / 4,616). Pre-packs left out.

The company

Listed public limited company in Trading & Distribution, registered in Gujarat

Admitted claims

Under ₹10 Cr

Where the process stands

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

How cases like this ended

Trading & Distribution · 812 closed

Resolved 15% · Liquidation 58% · Withdrawn or closed 27%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 80.6% n=112

Liquidations in this sector: typical recovery 0.0% of claims n=113

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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