Indus Fila Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 10 May 2019

Sector Textiles & Apparel Bench NCLT Bengaluru Last process activity 6.6 years ago · tribunal order

Acquired by

SPG Macrocosm Limited Through SPV-Vision Textile

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

1 yr 2 mo

This case

NCLT Bengaluru median · 1 yr 9 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 47 / 1,537). Pre-packs left out.

The company

Listed public limited company in Textiles & Apparel, registered in Karnataka

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Resolution plan approved

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Bengaluru · 256 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 29%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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