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Home/ Cases/ Machinery & Equipment/ Gujarat Toolroom Limited
● Under CIRP

Gujarat Toolroom Limited

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

Sector Machinery & Equipment Bench NCLT Ahmedabad Last process activity 19 days ago · public announcement · active

Owed money by this company? The date in the public announcement has passed, but regulation 12 still allows a claim for 68 more days, or longer if the request for resolution plans has not yet gone out. How to file your claim →

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by an operational creditor. Current status: Under CIRP.

In the insolvency process for
22 days
This case
NCLT Ahmedabad 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 = 449 / 4,609). Pre-packs left out.
The company
Company in Machinery & Equipment, registered in Gujarat
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Machinery & Equipment · 403 closed
Resolved 10% · Liquidation 56% · Withdrawn or closed 34%
NCLT Ahmedabad · 630 closed
Resolved 23% · Liquidation 49% · Withdrawn or closed 28%
Resolved cases in this sector: creditors' typical haircut 79.4% n=38
Liquidations in this sector: typical recovery 2.9% of claims n=38
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Company & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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