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Home/ Cases/ Other Manufacturing/ Jay Ace Technologies Limited
Admission Set Aside

Jay Ace Technologies Limited

Corporate insolvency — admission set aside on appeal (NCLAT) · registry: ALLOWED · source: NCLAT order, 10 Oct 2023

Sector Other Manufacturing Bench NCLT New Delhi

Case record

at a glance

Admitted by the New Delhi bench on a petition by an operational creditor. Current status: Admission Set Aside.

Admission to closure
2 mo
This case
NCLT New Delhi median · 5 mo
All India median · 4 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 439 / 1,667). Pre-packs left out.
The company
Public limited company in Other Manufacturing, registered in Delhi
Where the process stands
Admitted→Admission Set Aside
How cases like this ended
Other Manufacturing · 923 closed
Resolved 11% · Liquidation 47% · Withdrawn or closed 42%
NCLT New Delhi · 1,372 closed
Resolved 20% · Liquidation 37% · Withdrawn or closed 42%
Resolved cases in this sector: creditors' typical haircut 80.5% n=98
Liquidations in this sector: typical recovery 4.4% of claims n=58
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Company & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note
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