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Home/ Cases/ Trading & Distribution/ Xyron Technologies Limited
● Under CIRP

Xyron Technologies Limited

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

Business: the order records a term loan taken for installation of a wind power turbine; registered office at Extol Tower, Jahangirabad, Bhopal, Madhya Pradesh.

Sector Trading & Distribution Bench NCLT Indore Last process activity 10 days ago · Form G EoI deadline · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 16 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 Indore bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
1 yr 6 mo
This case
NCLT Indore median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 35 / 4,609). Pre-packs left out.
The company
Public limited company in Trading & Distribution, registered in Madhya Pradesh
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
Trading & Distribution · 812 closed
Resolved 15% · Liquidation 58% · Withdrawn or closed 27%
NCLT Indore · 60 closed
Resolved 28% · Liquidation 30% · Withdrawn or closed 42%
Resolved cases in this sector: creditors' typical haircut 80.6% n=112
Liquidations in this sector: typical recovery 0.0% of claims n=113
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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