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Home/ Cases/ Other Services/ Jindal Specialty Textiles Limited
Withdrawn

Jindal Specialty Textiles Limited

Corporate insolvency — closed on settlement before the NCLAT · registry: Closure-12A / appeal/ review or settlement · source: NCLAT order, 26 Jun 2024

Sector Other Services Bench NCLT Chandigarh

Case record

at a glance

Admitted by the Chandigarh bench on a petition by a financial creditor. Current status: Withdrawn.

Admission to closure
50 days
This case
NCLT Chandigarh median · 3 mo
All India median · 4 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 69 / 1,667). Pre-packs left out.
The company
Public limited company in Other Services, registered in Punjab
Where the process stands
Admitted→Withdrawn
How cases like this ended
Other Services · 1,227 closed
Resolved 14% · Liquidation 48% · Withdrawn or closed 38%
NCLT Chandigarh · 311 closed
Resolved 25% · Liquidation 43% · Withdrawn or closed 32%
Resolved cases in this sector: creditors' typical haircut 78.7% n=163
Liquidations in this sector: typical recovery 0.7% of claims n=127
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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsIntelligence note
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