Gilco Steels Limited

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

Business: manufacture of steel pipes/tubes and electrical poles, historically recorded in a tax tribunal order.

Sector Steel & Metals Bench NCLT Chandigarh Last process activity 22 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Chandigarh bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

58 days

This case

NCLT Chandigarh median · 1 yr 8 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,609). Pre-packs left out.

The company

Public limited company in Steel & Metals, registered in Chandigarh

Admitted claims

₹100–500 Cr

Where the process stands

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

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

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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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