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Corporate insolvency — admission recalled by the NCLT · source: NCLT order, 16 Dec 2019

Sector Trading & Distribution Bench NCLT Mumbai Last process activity 21 months ago · claims re-verified

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Admission Recalled.

Admission to closure

2 mo

This case

NCLT Mumbai median · 5 mo

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 411 / 1,667). Pre-packs left out.

The company

Private limited company in Trading & Distribution, registered in Maharashtra

Where the process stands

Admitted→Admission Recalled

How cases like this ended

Trading & Distribution · 820 closed

Resolved 15% · Liquidation 57% · Withdrawn or closed 28%

NCLT Mumbai · 1,769 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 80.6% n=112

Liquidations in this sector: typical recovery 0.0% of claims n=113

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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