Admitted by the Indore bench on a petition by an operational creditor. Current status: Under CIRP. An Expression of Interest (EoI) invitation is open — it closes in 1 day.
In the insolvency process for
2 mo
This case
NCLT Indore median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 35 / 4,609). Pre-packs left out.
The company
Public limited company in Pharmaceuticals, registered in Madhya Pradesh
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Pharmaceuticals · 42 closed
Resolved 55% · Liquidation 33% · Withdrawn or closed 12%
NCLT Indore · 60 closed
Resolved 28% · Liquidation 30% · Withdrawn or closed 42%