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Home/ Cases/ Trading & Distribution/ Sri Lakshmi Motor Service Private Limited
● Under CIRP

Sri Lakshmi Motor Service Private Limited

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

Business: sale of commercial vehicles as an Eicher trucks dealer; registered office at Yeswanthpur, Bangalore.

Sector Trading & Distribution Bench NCLT Bengaluru Last process activity 8 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 11 months 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 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 / 4,616). Pre-packs left out.
The company
Private limited company in Trading & Distribution, 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
Trading & Distribution · 812 closed
Resolved 15% · Liquidation 58% · Withdrawn or closed 27%
NCLT Bengaluru · 256 closed
Resolved 18% · Liquidation 52% · Withdrawn or closed 29%
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 creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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