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Home/ Cases/ Food & Agro/ Simbhaoli Sugars Limited
● Under CIRP

Simbhaoli Sugars Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: not stated in the order, which records a ₹110.00 Cr term-loan facility from Oriental Bank of Commerce to the corporate debtor. The debtor's reply refers to the UP State Sugar Industry Promotion Policy, sugarcane arrears and sugar stock. Registered office at District Hapur, Uttar Pradesh-245207.

Sector Food & Agro Bench NCLT Allahabad Last process activity 44 days ago · Form G EoI deadline · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 2 years 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 Allahabad bench. Current status: Under CIRP.

In the insolvency process for
2 yr 3 mo
This case
NCLT Allahabad median · 1 yr 8 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 100 / 4,609). Pre-packs left out.
The company
Listed public limited company in Food & Agro, registered in Uttar Pradesh
Where the process stands
Admitted→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Food & Agro · 540 closed
Resolved 24% · Liquidation 49% · Withdrawn or closed 27%
NCLT Allahabad · 167 closed
Resolved 26% · Liquidation 34% · Withdrawn or closed 40%
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 classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 7 tribunal ordersProfessionalsIntelligence note
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