Sri Lakshmi Narasimha Spinning Mills (India) Private Limited

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

Business: manufacture of cotton yarn; registered office in Guntur, Andhra Pradesh.

Sector Textiles & Apparel Bench NCLT Amaravati Last process activity 29 days ago · Form G EoI deadline · active

Case record

at a glance

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

In the insolvency process for

4 mo

This case

NCLT Amaravati 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 = 65 / 4,609). Pre-packs left out.

The company

Private limited company in Textiles & Apparel, registered in Andhra Pradesh

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

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Amaravati · 102 closed

Resolved 19% · Liquidation 46% · Withdrawn or closed 35%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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6 sections of this case are locked.

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

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