Hotel Radhaprasad Private Limited

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

Business context: hotel-business partnership and corporate guarantee; the company's standalone operating scale is not established.

Sector Hospitality & Leisure Bench NCLT Chennai Last process activity 41 days ago · public announcement · active

Case record

at a glance

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

In the insolvency process for

44 days

This case

NCLT Chennai median · 1 yr 1 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,609). Pre-packs left out.

The company

Private limited company in Hospitality & Leisure, registered in Tamil Nadu

Admitted claims

₹10–100 Cr

Where the process stands

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

How cases like this ended

Hospitality & Leisure · 71 closed

Resolved 61% · Liquidation 23% · Withdrawn or closed 17%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 69.3% n=41

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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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