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Home/ Cases/ Textiles & Apparel/ Katare Spinning Mills Limited
Withdrawn

Katare Spinning Mills Limited

CIRP withdrawn · registry: WITHDRAWN · source: NCLT order, 21 Sep 2021

Sector Textiles & Apparel Bench NCLT Mumbai

Case record

at a glance

Admitted by the Mumbai bench. Current status: Withdrawn.

Admission to closure
1 yr 2 mo
This case
NCLT Mumbai median · 5 mo
All India median · 4 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 394 / 1,667). Pre-packs left out.
The company
Listed public limited company in Textiles & Apparel, registered in Maharashtra
Where the process stands
Admitted→Withdrawn
How cases like this ended
Textiles & Apparel · 442 closed
Resolved 19% · Liquidation 55% · Withdrawn or closed 27%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
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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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsIntelligence note
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