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Home/ Cases/ Construction & Infrastructure/ Primezone Developers Private Limited
● Under CIRP

Primezone Developers Private Limited

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

Business: real estate; purchase, sale, rental and management of residential and non-residential buildings and land development; developer of the 'Prime City-Assandh' plotted project in Sector 10, Assandh, Karnal, Haryana.

Sector Construction & Infrastructure Bench NCLT Chandigarh Last process activity 31 days ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 49 days 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 Chandigarh bench. Current status: Under CIRP.

In the insolvency process for
4 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 / 4,609). Pre-packs left out.
The company
Private limited company in Construction & Infrastructure, registered in Haryana
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Construction & Infrastructure · 779 closed
Resolved 25% · Liquidation 34% · Withdrawn or closed 41%
NCLT Chandigarh · 311 closed
Resolved 25% · Liquidation 43% · Withdrawn or closed 32%
Resolved cases in this sector: creditors' typical haircut 67.8% n=180
Liquidations in this sector: typical recovery 0.3% of claims n=43
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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