Flowline Instrumentation Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 25 Nov 2020

Sector Electronics & Electricals Bench NCLT Bengaluru

Acquired by

Mr. Mohan P. Rao Jointly with Millitronic Devices OPC Pvt. Ltd

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Bengaluru bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

1 yr 1 mo

This case

NCLT Bengaluru median · 1 yr 9 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 47 / 1,536). Pre-packs left out.

The company

Private limited company in Electronics & Electricals, registered in Karnataka

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Bengaluru · 256 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 30%

Resolved cases in this sector: creditors' typical haircut 83.5% n=40

Liquidations in this sector: typical recovery 2.3% of claims n=32

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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