Shri Karvir Nivasini Mahalaxmi Ispat Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Business: TMT steel bars, Kolhapur.

Sector Steel & Metals Bench NCLT Mumbai Last process activity 52 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

2 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 = 1,249 / 4,617). Pre-packs left out.

The company

Private limited company in Steel & Metals, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Resolution plan or liquidation

How cases like this ended

Steel & Metals · 281 closed

Resolved 60% · Liquidation 30% · Withdrawn or closed 9%

NCLT Mumbai · 1,769 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

Subscriber access

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note

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