Govind Rubber Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 31 Jan 2020

Sector Chemicals & Plastics Bench NCLT Mumbai

Acquired by

Consortium of Mr Brij Bhushan Gupta, Mrs Seema Gandhi, Kapivar Finlease Private Limited, Mr Mukesh Desai and Mr Iqbal Nabi

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

1 yr

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 433 / 1,537). Pre-packs left out.

The company

Public limited company in Chemicals & Plastics, registered in Maharashtra

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Mumbai · 1,758 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

Subscriber access

Full case intelligence is gated

This page's financial detail is available to merc.in subscribers — for ARCs, PE funds and resolution professionals.

9 sections of this case are locked.

Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error