Case record
Admitted by the Chandigarh bench on a petition by a financial creditor. Current status: Under CIRP.
In the insolvency process for
2 yr 5 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,609). Pre-packs left out.
The company
Public limited company in Textiles & Apparel, registered in Punjab
Admitted claims
₹500–2,000 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Textiles & Apparel · 442 closed
Resolved 19% · Liquidation 55% · Withdrawn or closed 27%
NCLT Chandigarh · 311 closed
Resolved 25% · Liquidation 43% · Withdrawn or closed 32%
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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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsIntelligence note
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