Sri Balaji Cement and Power Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: cement manufacturing unit at village Malkhed, Sedam Taluk, Kalaburagi District, Karnataka; formerly South India Cement Ltd.

Sector Cement, Glass & Ceramics Bench NCLT Bengaluru Last process activity 8 months ago · claims re-verified

Case record

at a glance

Admitted by the Bengaluru bench. Current status: Under CIRP.

In the insolvency process for

1 yr 2 mo

This case

NCLT Bengaluru median · 1 yr

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 162 / 4,617). Pre-packs left out.

The company

Public limited company in Cement, Glass & Ceramics, registered in Karnataka

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation

How cases like this ended

Cement, Glass & Ceramics · 38 closed

Resolved 68% · Liquidation 21% · Withdrawn or closed 11%

NCLT Bengaluru · 257 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 30%

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

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