Modi Telecommunications Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 9 Feb 2023

Sector IT, Telecom & Media Bench NCLT Chandigarh Last process activity 3.7 years ago · tribunal order

Case record

at a glance

Admitted by the Chandigarh bench on its own application. Current status: Liquidation — Dissolved.

Admission to liquidation order

2 yr

This case

NCLT Chandigarh median · 1 yr 3 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 132 / 3,073). Pre-packs left out.

The company

Public limited company in IT, Telecom & Media, registered in Haryana

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

IT, Telecom & Media · 105 closed

Resolved 35% · Liquidation 51% · Withdrawn or closed 13%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

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 classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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