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

Sector Other Services Bench NCLT Chandigarh Last process activity 3.6 years ago · Form G EoI deadline

Case record

at a glance

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

In the insolvency process for

3 yr 9 mo

This case

NCLT Chandigarh median · 1 yr 8 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,609). Pre-packs left out.

The company

Private limited company in Other Services, registered in Haryana

Admitted claims

Under ₹10 Cr

Where the process stands

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

How cases like this ended

Other Services · 1,227 closed

Resolved 14% · Liquidation 48% · Withdrawn or closed 38%

NCLT Chandigarh · 311 closed

Resolved 25% · Liquidation 43% · Withdrawn or closed 32%

Resolved cases in this sector: creditors' typical haircut 78.7% n=163

Liquidations in this sector: typical recovery 0.7% of claims n=127

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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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