Popular Steel Works and Agricultural Implements Private Limited

CIRP withdrawn under Section 12A · registry: 12A-WITHDRAWN · source: NCLT order, 11 Oct 2023

Sector Machinery & Equipment Bench NCLT Mumbai Last process activity 15 months ago · tribunal order

Case record

at a glance

Admitted by the Mumbai bench. Current status: Withdrawn.

Admission to closure

5 mo

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 Machinery & Equipment, registered in Maharashtra

Where the process stands

Admitted→Withdrawn

How cases like this ended

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 79.4% n=38

Liquidations in this sector: typical recovery 2.9% of claims n=38

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsIntelligence note

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