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Home/ Cases/ Auto & Components/ Klt Automotive and Tubular Products Limited
● Under CIRP

Klt Automotive and Tubular Products Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: manufacture of chassis for heavy and light commercial vehicles; 7 manufacturing plants across India, about 1100 workers including contract labour.

Sector Auto & Components Bench NCLT Mumbai Last process activity 55 days ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 22 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 Mumbai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
2 yr
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.
The company
Public limited company in Auto & Components, registered in Maharashtra
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
Auto & Components · 30 closed
Resolved 57% · Liquidation 23% · Withdrawn or closed 20%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 8 tribunal ordersProfessionalsIntelligence note
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