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Home/ Cases/ Mining/ Tycoons Industries Private Limited
● Under CIRP

Tycoons Industries Private Limited

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

Business: coal mining operations; the order records mining sites at NTPC coal mines, Chattibariatu, Hazaribag and ECL coal mines, Chapapur, Dhanbad, Jharkhand. Registered office in Srinagar, Jammu & Kashmir.

Sector Mining Bench NCLT Chandigarh Last process activity 4 months ago · public announcement

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 43 days ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

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

In the insolvency process for
4 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 Mining, registered in Jammu and Kashmir
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Mining · 82 closed
Resolved 18% · Liquidation 52% · Withdrawn or closed 29%
NCLT Chandigarh · 311 closed
Resolved 25% · Liquidation 43% · Withdrawn or closed 32%
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FinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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