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Home/ Cases/ IT, Telecom & Media/ Rigved Technologies Private Limited
● Under CIRP

Rigved Technologies Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: IT services; awarded an Annual Maintenance Contract by SEBI for the Integrated Market Surveillance System, Data Warehouse and Business Intelligence System. Office at Mahape, Navi Mumbai.

Sector IT, Telecom & Media Bench NCLT Mumbai Last process activity 15 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 14 months 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 Mumbai bench on a petition by an operational creditor. Current status: Under CIRP.

In the insolvency process for
1 yr 4 mo
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.
The company
Private limited company in IT, Telecom & Media, registered in Maharashtra
Admitted claims
Under ₹10 Cr
Where the process stands
Admitted→Claims collected→Resolution plan or liquidation
How cases like this ended
IT, Telecom & Media · 105 closed
Resolved 35% · Liquidation 51% · Withdrawn or closed 13%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 87.0% n=35
Liquidations in this sector: typical recovery 0.8% of claims n=33
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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