PSL Limited

Corporate insolvency — liquidation in process · source: NCLT order, 11 Sep 2020

Sector Financial Services Bench NCLT Ahmedabad Last process activity 5 months ago · auction notice

Case record

at a glance

Admitted by the Ahmedabad bench on its own application. Current status: Liquidation.

Admission to liquidation order

1 yr 6 mo

This case

NCLT Ahmedabad median · 1 yr 1 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 306 / 3,073). Pre-packs left out.

The company

Listed public limited company in Financial Services, registered in Dadra and Nagar Haveli and Daman and Diu

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Financial Services · 130 closed

Resolved 36% · Liquidation 48% · Withdrawn or closed 15%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 81.6% n=42

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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 12 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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