Sowcar Electricals Private Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Business: trading, import and export of electrical appliances, electronic goods and their parts, per the order; an MSME with registered office at Medavakkam, Chennai.

Sector Trading & Distribution Bench NCLT Chennai Last process activity 10 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

31 days

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

Private limited company in Trading & Distribution, 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

Trading & Distribution · 812 closed

Resolved 15% · Liquidation 58% · Withdrawn or closed 27%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 80.6% n=112

Liquidations in this sector: typical recovery 0.0% of claims n=113

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

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