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Home/ Cases/ Financial Services/ Venus Star Chit Private Limited
● Under CIRP

Venus Star Chit Private Limited

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

Sector Financial Services Bench NCLT Chennai Last process activity 7 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 12 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 Chennai bench on its own application. Current status: Under CIRP.

In the insolvency process for
1 yr 2 mo
This case
NCLT Chennai median · 1 yr 1 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,609). Pre-packs left out.
The company
Private limited company in Financial Services, registered in Tamil Nadu
Admitted claims
Under ₹10 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Resolution plan or liquidation
How cases like this ended
Financial Services · 130 closed
Resolved 36% · Liquidation 48% · Withdrawn or closed 15%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%
Resolved cases in this sector: creditors' typical haircut 81.6% n=42
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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