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Home/ Cases/ Real Estate & Housing/ Parorch Developers LLP
● Under CIRP

Parorch Developers LLP

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: redevelopment of a Slum Rehabilitation Authority (SRA) project, Trinity Tower, at Adi Shankaracharya Road, Powai, Mumbai.

Sector Real Estate & Housing Bench NCLT Mumbai Last process activity 16 days ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 15 months ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
1 yr 5 mo
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.
The company
Limited liability partnership in Real Estate & Housing, registered in Maharashtra
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Resolution plan or liquidation
How cases like this ended
Real Estate & Housing · 393 closed
Resolved 26% · Liquidation 27% · Withdrawn or closed 47%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 67.6% n=89
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsIntelligence note
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