Case record
Admitted by the Amaravati bench on a petition by an operational creditor. Current status: Under CIRP.
In the insolvency process for
1 yr
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 65 / 4,609). Pre-packs left out.
The company
Listed public limited company in Steel & Metals, registered in Andhra Pradesh
Admitted claims
₹500–2,000 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Steel & Metals · 274 closed
Resolved 62% · Liquidation 31% · Withdrawn or closed 7%
NCLT Amaravati · 102 closed
Resolved 19% · Liquidation 46% · Withdrawn or closed 35%
Resolved cases in this sector: creditors' typical haircut 82.0% n=165
Liquidations in this sector: typical recovery 3.8% of claims n=65
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7 sections of this case are locked.
Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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