Shetkari Sakhar Karkhana (Chandapuri) Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 22 Jan 2021

Sector Food & Agro Bench NCLT Mumbai Last process activity 12 months ago · tribunal order

Acquired by

Consortium of Seven Investors (Onkar Sakhar Karkhana Pvt Ltd, Babu Dadasaheb Botre, Rekha Babu Botre, Jitendra Bhaskarrav Malvadkar, Reise Enterprises, Prashant Dadasaheb Botre and Sagar Laxman Badhe) Led by Onkar Sakhar Karkhana Private Limited

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

2 yr

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Public limited company in Food & Agro, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Food & Agro · 540 closed

Resolved 24% · Liquidation 49% · Withdrawn or closed 27%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 75.2% n=127

Liquidations in this sector: typical recovery 8.2% of claims n=67

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 23 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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