Shamken Multifab Limited

Corporate insolvency — liquidation in process · source: NCLT order, 1 Jun 2023

Sector Textiles & Apparel Bench NCLT Allahabad Last process activity 2.7 years ago · tribunal order

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Liquidation.

Admission to liquidation order

5 yr

This case

NCLT Allahabad median · 1 yr 9 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 56 / 3,073). Pre-packs left out.

The company

Listed public limited company in Textiles & Apparel, registered in Uttar Pradesh

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

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 & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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