The Rubber Products Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 19 Feb 2019

Sector Other Manufacturing Bench NCLT Mumbai

Acquired by

Mr. Jagmeet Singh Sabharwal, Ms. Sheetal Jagmeet Singh Sabharwal and Max Spare Ltd

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on its own application. Current status: Resolved.

Admission to plan approval

1 yr 1 mo

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Public limited company in Other Manufacturing, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Other Manufacturing · 923 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

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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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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