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Home/ Cases/ Machinery & Equipment/ Srichakra Merchandising Private Limited
● Under CIRP

Srichakra Merchandising Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Sector Machinery & Equipment Bench NCLT Chennai Last process activity 2 months ago · public announcement · active

Owed money by this company? The date in the public announcement has passed, but regulation 12 still allows a claim for 16 more days, or longer if the request for resolution plans has not yet gone out. How to file your claim →

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
2 mo
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 Machinery & Equipment, registered in Tamil Nadu
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Machinery & Equipment · 410 closed
Resolved 10% · Liquidation 55% · Withdrawn or closed 35%
NCLT Chennai · 684 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 26%
Resolved cases in this sector: creditors' typical haircut 79.4% n=38
Liquidations in this sector: typical recovery 2.9% of claims n=38
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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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