Gangotri Textiles Limited

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

Historical business: yarn, fabric and Tibre-branded garments. Current operations are impaired according to applicant.

Sector Textiles & Apparel Bench NCLT Chennai Last process activity 38 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Chennai bench on its own application. Current status: Under CIRP.

In the insolvency process for

2 mo

This case

NCLT Chennai median · 1 yr 1 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,616). Pre-packs left out.

The company

Listed public limited company in Textiles & Apparel, registered in Tamil Nadu

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Resolution plan or liquidation

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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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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