Admitted by the Chennai bench on a petition by an operational creditor. Current status: Under CIRP.
In the insolvency process for
1 yr 2 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 / 4,616). Pre-packs left out.
The company
Public limited company in Logistics & Transport, registered in Tamil Nadu
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Logistics & Transport · 178 closed
Resolved 12% · Liquidation 58% · Withdrawn or closed 30%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%