Case record
Admitted by the Chennai bench on a petition by a financial creditor. Current status: Under CIRP. An Expression of Interest (EoI) invitation is open — it closes in 3 days.
In the insolvency process for
2 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,609). Pre-packs left out.
The company
Listed public limited company in IT, Telecom & Media, registered in Tamil Nadu
Admitted claims
Under ₹10 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
IT, Telecom & Media · 105 closed
Resolved 35% · Liquidation 51% · Withdrawn or closed 13%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%
Resolved cases in this sector: creditors' typical haircut 87.0% n=35
Liquidations in this sector: typical recovery 0.8% of claims n=33
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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