Velnik India Limited

Corporate insolvency — closed on settlement before the NCLAT · registry: SET ASIDE · source: NCLAT order, 13 Dec 2022

Sector Other Manufacturing Bench NCLT Jaipur Last process activity 3.8 years ago · tribunal order

Case record

at a glance

Admitted by the Jaipur bench on a petition by an operational creditor. Current status: Withdrawn.

Admission to closure

27 days

This case

NCLT Jaipur median · 6 mo

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 42 / 1,667). Pre-packs left out.

The company

Public limited company in Other Manufacturing, registered in Rajasthan

Where the process stands

Admitted→Withdrawn

How cases like this ended

Other Manufacturing · 929 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT Jaipur · 132 closed

Resolved 20% · Liquidation 38% · Withdrawn or closed 42%

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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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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