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Home/ Cases/ Food & Agro/ Vardhan Agro Processing Limited
● Under CIRP

Vardhan Agro Processing Limited

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

Business: jaggery and khandasari manufacturing unit (per a TEV report cited by the corporate debtor); registered at Pusesawali, Satara, Maharashtra.

Sector Food & Agro Bench NCLT Mumbai Last process activity 5 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 4 months 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 Mumbai bench. Current status: Under CIRP.

In the insolvency process for
6 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 / 4,609). Pre-packs left out.
The company
Public limited company in Food & Agro, registered in Maharashtra
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Resolution plan or liquidation
How cases like this ended
Food & Agro · 540 closed
Resolved 24% · Liquidation 49% · Withdrawn or closed 27%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 75.2% n=127
Liquidations in this sector: typical recovery 8.2% of claims n=67
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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