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Home/ Cases/ Machinery & Equipment/ Friends Auto (India) Limited
Withdrawn

Friends Auto (India) Limited

CIRP withdrawn · registry: WITHDRAWN · source: order listed by IBBI, 12 Aug 2021

Sector Machinery & Equipment Bench NCLT New Delhi

Case record

at a glance

Admitted by the New Delhi bench. Current status: Withdrawn.

Admission to closure
2 yr
This case
NCLT New Delhi median · 5 mo
All India median · 4 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 439 / 1,667). Pre-packs left out.
The company
Public limited company in Machinery & Equipment, registered in Delhi
Where the process stands
Admitted→Withdrawn
How cases like this ended
Machinery & Equipment · 403 closed
Resolved 10% · Liquidation 56% · Withdrawn or closed 34%
NCLT New Delhi · 1,372 closed
Resolved 20% · Liquidation 37% · Withdrawn or closed 42%
Resolved cases in this sector: creditors' typical haircut 79.4% n=38
Liquidations in this sector: typical recovery 2.9% of claims n=38
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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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