Case record
Admitted by the Chennai bench on a petition by a financial creditor. Current status: Under CIRP.
In the insolvency process for
3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,609). Pre-packs left out.
The company
Listed public limited company in Steel & Metals, registered in Tamil Nadu
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Steel & Metals · 274 closed
Resolved 62% · Liquidation 31% · Withdrawn or closed 7%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%
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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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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