Marg Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: construction contractor; the order records it was engaged to build a 65,000 sq ft IT building complex in the Hosur SEZ. Registered office in Chennai.

Sector Construction & Infrastructure Bench NCLT Chennai Last process activity 2 months ago · tribunal order · active

Case record

at a glance

Admitted by the Chennai bench on a petition by an operational creditor. Current status: Under CIRP.

In the insolvency process for

1 yr 6 mo

This case

NCLT Chennai median · 1 yr 1 mo

All India median · 1 yr 3 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 Construction & Infrastructure, registered in Tamil Nadu

Where the process stands

Admitted→Resolution plan or liquidation

How cases like this ended

Construction & Infrastructure · 779 closed

Resolved 25% · Liquidation 34% · Withdrawn or closed 41%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 67.8% n=180

Liquidations in this sector: typical recovery 0.3% of claims n=43

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