Naxnova Technologies Private Limited

Corporate insolvency — admission set aside on appeal (NCLAT) · source: IBBI register

Business: operates project sites at Pelhar, Sanand and Haridwar where automobile-grade adhesive products bought from the petitioner were used in printing operations. Formerly Classic Stripes Private Limited.

Sector Other Services Bench NCLT Mumbai

Case record

at a glance

Admitted by the Mumbai bench on a petition by an operational creditor. Current status: Admission Set Aside.

Admission to closure

19 days

This case

NCLT Mumbai median · 5 mo

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 394 / 1,667). Pre-packs left out.

The company

Private limited company in Other Services, registered in Maharashtra

Where the process stands

Admitted→Admission Set Aside

How cases like this ended

Other Services · 1,227 closed

Resolved 14% · Liquidation 48% · Withdrawn or closed 38%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 78.7% n=163

Liquidations in this sector: typical recovery 0.7% of claims n=127

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Company & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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