Fortune Spirit Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Business: borrowed to construct a factory and install machinery for the production of Indian-made Foreign Liquor; registered office in Bhubaneswar, Odisha.

Sector Food & Agro Bench NCLT Cuttack Last process activity 13 months ago · tribunal order

Case record

at a glance

Admitted by the Cuttack bench. Current status: Under CIRP.

In the insolvency process for

1 yr 1 mo

This case

NCLT Cuttack median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 46 / 4,609). Pre-packs left out.

The company

Public limited company in Food & Agro, registered in Odisha

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Food & Agro · 540 closed

Resolved 24% · Liquidation 49% · Withdrawn or closed 27%

NCLT Cuttack · 77 closed

Resolved 21% · Liquidation 42% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 75.2% n=127

Liquidations in this sector: typical recovery 8.2% of claims n=67

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Company & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsIntelligence note

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