Multisapphire Trading LLP

Corporate insolvency resolution — proceedings ongoing · source: IBBI's public announcement

The order records that the LLP received a supply of monosodium glutamate from a Chinese company under a sales contract and admitted receipt of the goods in its reply. Registered office in Rajkot, Gujarat.

Sector Trading & Distribution Bench NCLT Ahmedabad Last process activity 5 months ago · claims re-verified

Case record

at a glance

Admitted by the Ahmedabad bench. Current status: Under CIRP.

In the insolvency process for

5 mo

This case

NCLT Ahmedabad median · 1 yr 3 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 449 / 4,609). Pre-packs left out.

The company

Limited liability partnership in Trading & Distribution

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Claims collected→Resolution plan or liquidation

How cases like this ended

Trading & Distribution · 812 closed

Resolved 15% · Liquidation 58% · Withdrawn or closed 27%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 80.6% n=112

Liquidations in this sector: typical recovery 0.0% of claims n=113

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

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