V.g.i Pharma Private Limited

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

Business: pharmaceutical unit at Plot J-8, MIDC Akola, Maharashtra, which the promoter group bought at a bank auction; the company says the unit was not permitted to start manufacturing.

Sector Chemicals & Plastics Bench NCLT Mumbai Last process activity 14 months ago · Form G EoI deadline

Case record

at a glance

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

In the insolvency process for

1 yr 10 mo

This case

NCLT Mumbai median · 1 yr 6 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,616). Pre-packs left out.

The company

Private limited company in Chemicals & Plastics, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

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

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Mumbai · 1,753 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Resolved 25% · Liquidation 48% · Withdrawn or closed 27%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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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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