Sarbat Cotfab Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 8 Jun 2020

Sector Textiles & Apparel Bench NCLT Chandigarh Last process activity 5.4 years ago · tribunal order

Acquired by

Mr. Tejinder Singh Kochar, Mr. Rakesh Kumar Bansal and Mr. Ashish Bansal

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Chandigarh bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

2 yr 3 mo

This case

NCLT Chandigarh median · 2 yr 3 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 78 / 1,537). Pre-packs left out.

The company

Public limited company in Textiles & Apparel, registered in Chandigarh

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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