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Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Business: packaging films, laminated pouches/bags and aluminium-foil laminates.

Sector Chemicals & Plastics Bench NCLT New Delhi Last process activity 3 months ago · public announcement · active

Case record

at a glance

Admitted by the New Delhi bench on a petition by an operational creditor. Current status: Under CIRP.

In the insolvency process for

2 mo

This case

NCLT New Delhi median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 771 / 4,617). Pre-packs left out.

The company

Private limited company in Chemicals & Plastics, registered in Delhi

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Chemicals & Plastics · 123 closed

Resolved 55% · Liquidation 37% · Withdrawn or closed 8%

NCLT New Delhi · 1,385 closed

Resolved 20% · Liquidation 37% · Withdrawn or closed 43%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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