Sical Iron Ore Terminal (Mangalore) Limited

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

Business purpose: mechanised iron-ore terminal at Mangalore; debtor says export ban prevented commencement.

Sector Logistics & Transport Bench NCLT Chennai Last process activity 51 days ago · claims re-verified · active

Case record

at a glance

Admitted by the Chennai bench on its own application. Current status: Under CIRP.

In the insolvency process for

2 mo

This case

NCLT Chennai 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 = 493 / 4,616). Pre-packs left out.

The company

Public limited company in Logistics & Transport, registered in Tamil Nadu

Admitted claims

Under ₹10 Cr

Where the process stands

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

How cases like this ended

Logistics & Transport · 179 closed

Resolved 12% · Liquidation 58% · Withdrawn or closed 30%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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