Praxis Developers India Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Sector Real Estate & Housing Bench NCLT Chandigarh Last process activity 3.6 years ago · Form G EoI deadline

Case record

at a glance

Admitted by the Chandigarh bench. Current status: Under CIRP.

In the insolvency process for

3 yr 9 mo

This case

NCLT Chandigarh median · 1 yr 8 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,616). Pre-packs left out.

The company

Private limited company in Real Estate & Housing, registered in Haryana

Admitted claims

Under ₹10 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation

How cases like this ended

Real Estate & Housing · 394 closed

Resolved 26% · Liquidation 27% · Withdrawn or closed 47%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

Resolved cases in this sector: creditors' typical haircut 67.6% n=89

Subscriber access

This page's financial detail is available to merc.in subscribers — for ARCs, PE funds and resolution professionals.

6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

See plans →

report an error