Qualitronics (Madras) Private Limited

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

Business: electronic security, surveillance/CCTV and fire-safety systems, per company profile.

Sector Electronics & Electricals Bench NCLT Chennai Last process activity 24 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Chennai bench on its own application. Current status: Under CIRP.

In the insolvency process for

1 mo

This case

NCLT Chennai median · 1 yr 1 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,616). Pre-packs left out.

The company

Private limited company in Electronics & Electricals, registered in Tamil Nadu

Admitted claims

Under ₹10 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Resolution plan or liquidation

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 83.5% n=40

Liquidations in this sector: typical recovery 2.3% of claims n=32

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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