Medicare Services (India) Private Ltd.

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

Business: health insurance business for about four decades (as submitted by the company); was developing a software application for its existing business.

Sector Financial Services Bench NCLT Kolkata Last process activity 18 months ago · Form G EoI deadline

Case record

at a glance

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

In the insolvency process for

1 yr 8 mo

This case

NCLT Kolkata 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 = 515 / 4,609). Pre-packs left out.

The company

Private limited company in Financial Services, registered in West Bengal

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

Financial Services · 130 closed

Resolved 36% · Liquidation 48% · Withdrawn or closed 15%

NCLT Kolkata · 756 closed

Resolved 24% · Liquidation 47% · Withdrawn or closed 29%

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

Subscriber access

Full case intelligence is gated

This page's financial detail is available to merc.in subscribers — for ARCs, PE funds and resolution professionals.

7 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error