Parabolic Drugs Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 12 Jan 2021

Sector Pharmaceuticals Bench NCLT Chandigarh Last process activity 20 months ago · tribunal order

Acquired by

Akums Drugs & Pharmaceuticals Ltd

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Chandigarh bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

2 yr 4 mo

This case

NCLT Chandigarh median · 2 yr 3 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 78 / 1,537). Pre-packs left out.

The company

Public limited company in Pharmaceuticals, registered in Chandigarh

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Pharmaceuticals · 42 closed

Resolved 55% · Liquidation 33% · Withdrawn or closed 12%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 8 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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