Unimark Remedies Limited

Corporate insolvency — admission set aside on appeal (NCLAT) · registry: ALLOWED · source: NCLAT order, 21 Jul 2017

Sector Chemicals & Plastics Bench NCLT Mumbai

Case record

at a glance

Admitted by the Mumbai bench on a petition by an operational creditor. Current status: Admission Set Aside.

Admission to closure

4 mo

This case

NCLT Mumbai median · 5 mo

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 394 / 1,667). Pre-packs left out.

The company

Public limited company in Chemicals & Plastics, registered in Maharashtra

Where the process stands

Admitted→Admission Set Aside

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Mumbai · 1,758 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 22 tribunal ordersProfessionalsIntelligence note

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