Flexituff Technology International Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Admitted by NCLT. IBBI's public announcement is awaited; the claim deadline and other IBBI details will appear here once it is published.

Per the applicant, the company took over the FIBC business at Pithampur, with its receivables and payables, from its associate Flexituff Ventures. Registered office is in the SEZ Industrial Area, Pithampur, Dhar, Madhya Pradesh.

Sector Chemicals & Plastics Bench NCLT Indore Last process activity 43 days ago · tribunal order · active

Case record

at a glance

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

In the insolvency process for

43 days

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

Public limited company in Chemicals & Plastics, registered in Madhya Pradesh

Where the process stands

Admitted→Resolution plan or liquidation

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Indore · 60 closed

Resolved 28% · Liquidation 30% · Withdrawn or closed 42%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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