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Home/ Cases/ Textiles & Apparel/ K G Denim Limited
● Under CIRP

K G Denim Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: manufacturing and sale of fashion denim, denim jeans, apparel fabrics, cotton sportswear, bed linen and related products; registered office at Mettupalayam, Coimbatore.

Sector Textiles & Apparel Bench NCLT Chennai Last process activity 11 months ago · tribunal order

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 8 months ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

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

In the insolvency process for
10 mo
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
Listed public limited company in Textiles & Apparel, registered in Tamil Nadu
Where the process stands
Admitted→Resolution plan or liquidation
How cases like this ended
Textiles & Apparel · 442 closed
Resolved 19% · Liquidation 55% · Withdrawn or closed 27%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%
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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FinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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