Koras PIN Savings Financial Services Nidhi Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Business: accepted fixed-tenure deposits; Bareilly-based Nidhi company.

Sector Financial Services Bench NCLT Allahabad Last process activity 27 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

50 days

This case

NCLT Allahabad median · 1 yr 8 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 100 / 4,609). Pre-packs left out.

The company

Public limited company in Financial Services, registered in Uttar Pradesh

Admitted claims

Under ₹10 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Resolution plan or liquidation

How cases like this ended

Financial Services · 130 closed

Resolved 36% · Liquidation 48% · Withdrawn or closed 15%

NCLT Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

Resolved cases in this sector: creditors' typical haircut 81.6% n=42

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note

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