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Home/ Cases/ Financial Services/ Growmore Wealth Private Limited
Liquidation — order passed IN PROCESS

Growmore Wealth Private Limited

Corporate insolvency — liquidation in process · source: NCLT order, 12 Jul 2024

Sector Financial Services Bench NCLT Ahmedabad

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by a financial creditor. Current status: Liquidation.

Admission to liquidation order
2 yr
This case
NCLT Ahmedabad median · 1 yr 1 mo
All India median · 1 yr 1 mo
Medians: time from admission to a liquidation order, over closed cases (n = 306 / 3,079). Pre-packs left out.
The company
Private limited company in Financial Services, registered in Gujarat
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Liquidation ordered
How cases like this ended
Financial Services · 130 closed
Resolved 36% · Liquidation 48% · Withdrawn or closed 15%
NCLT Ahmedabad · 630 closed
Resolved 23% · Liquidation 49% · Withdrawn or closed 28%
Resolved cases in this sector: creditors' typical haircut 81.6% n=42
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Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note
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