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Home/ Cases/ Chemicals & Plastics/ Shivam India Limited
● Under CIRP

Shivam India Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: unit with a manufacturing facility for billets and a rolling mill for bars, rods and other steel products at Raturia, Angadpur Industrial Area, Durgapur, West Bengal; registered office in Kolkata.

Sector Chemicals & Plastics Bench NCLT Kolkata Last process activity 5 months ago · Form G EoI deadline

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 11 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 Kolkata bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
1 yr 1 mo
This case
NCLT Kolkata 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 = 515 / 4,609). Pre-packs left out.
The company
Public limited company in Chemicals & Plastics, registered in West Bengal
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Chemicals & Plastics · 121 closed
Resolved 56% · Liquidation 37% · Withdrawn or closed 7%
NCLT Kolkata · 756 closed
Resolved 24% · Liquidation 47% · Withdrawn or closed 29%
Resolved cases in this sector: creditors' typical haircut 77.7% n=64
Liquidations in this sector: typical recovery 7.8% of claims n=32
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsIntelligence note
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