K G Corporation Ltd.

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Sector Power & Energy Bench NCLT Ahmedabad Last process activity 2.7 years ago · tribunal order

Case record

at a glance

Admitted by the Ahmedabad bench. Current status: Under CIRP.

In the insolvency process for

5 yr 11 mo

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

Public limited company in Power & Energy, registered in Dadra and Nagar Haveli and Daman and Diu

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Claims collected→Expression of Interest invited→Resolution plan or liquidation

How cases like this ended

Power & Energy · 214 closed

Resolved 28% · Liquidation 45% · Withdrawn or closed 27%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 82.0% n=58

Liquidations in this sector: typical recovery 4.7% of claims n=37

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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