Admitted by the Indore bench on a petition by a financial creditor. Current status: Under CIRP.
In the insolvency process for
1 yr 8 mo
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 Food & Agro, registered in Madhya Pradesh
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Food & Agro · 540 closed
Resolved 24% · Liquidation 49% · Withdrawn or closed 27%
NCLT Indore · 60 closed
Resolved 28% · Liquidation 30% · Withdrawn or closed 42%
Resolved cases in this sector: creditors' typical haircut 75.2% n=127
Liquidations in this sector: typical recovery 8.2% of claims n=67