Nilachakra Metal Processors Private Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Business: The applicant says the company is engaged in the business of manufacturing of basic iron and steel; registered office at Shop No- A-113, Nirmal Market Power house Rourkela, Dist-Sundergarh, Odisha 769001.

Sector Steel & Metals Bench NCLT Cuttack Last process activity 26 days ago · public announcement · active

Case record

at a glance

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

In the insolvency process for

29 days

This case

NCLT Cuttack median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 46 / 4,616). Pre-packs left out.

The company

Private limited company in Steel & Metals, registered in Odisha

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Cuttack · 77 closed

Resolved 21% · Liquidation 42% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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