SSAB Energy & Minerals Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Business: owner of an iron ore beneficiation plant with approved capacity of ₹8.00 lakh MTPA; registered office at Keonjhar, Odisha. The petition describes it as engaged in manufacturing refined petroleum products.

Sector Other Manufacturing Bench NCLT Cuttack Last process activity 7 months ago · tribunal order

Case record

at a glance

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

In the insolvency process for

7 mo

This case

NCLT Cuttack median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 46 / 4,609). Pre-packs left out.

The company

Public limited company in Other Manufacturing, registered in Odisha

Where the process stands

Admitted→Resolution plan or liquidation

How cases like this ended

Other Manufacturing · 923 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT Cuttack · 77 closed

Resolved 21% · Liquidation 42% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 80.5% n=98

Liquidations in this sector: typical recovery 4.4% of claims n=58

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