Intelligence / The verdicts / Withdrawn & settled

Withdrawn cases — how fast a settlement comes

Every CIRP that ended in a withdrawal — settled under Section 12A, set aside on appeal, or recalled by the NCLT. See them.

How fast a settlement comes

2,211withdrawals on record

83days

median, admission → withdrawal · full bar = the Code’s 330-day outer limit

81%

settled before anyone was invited to bid

15%

of IBBI’s 9,166 admissions ended in a 12A withdrawal — about one in seven · IBBI, to 30 Jun 2026

Find the comparable exit

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Showing 6 of 2,211 withdrawals, newest first Time in process = admission → withdrawal · route quoted, not translated

Corporate debtor

Withdrawn · time in processbench · admitted

Who filedpetitioner, as filed

Route, as recordedin the case record or the order

Since thenregistry status · later orders

Professional

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01MIM Petro World Private Limited

Trading & Distribution

Oct 202648 d in process

Jay Ambe Industries

Admission set aside (NCLAT)

Bhavik Haribhai Rupapara

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§The settlement

Admitted to CIRP: 27 Aug 2026
Withdrawn: 14 Oct 2026
Time in process: 48 days, admission to withdrawal · 2 mo faster than the sector median (4 mo)

◷Who filed · what was owed

Who filed: Jay Ambe Industries

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All recorded fields · 1 more

NCLT bench: Ahmedabad

02KRUX Pharma Private Limited

Pharmaceuticals

Sep 202642 d in process

Orbit Lifescience Private Limited

Section 12A

Jayesh Natvarlal Sanghrajka

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§The settlement

Admitted to CIRP: 7 Aug 2026
Withdrawn: 18 Sep 2026
Time in process: 42 days, admission to withdrawal
Route text: 12A Withdrawal CIRP

◷Who filed · what was owed

Who filed: Orbit Lifescience Private Limited

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All recorded fields · 2 more

NCLT bench: Ahmedabad
Withdrawal order: withdrawal order ↗

03Shalfeyo Industries Private Limited

Trading & Distribution

Sep 20264y in process

Prime Impex (Operational Creditor)

Withdrawn (NCLAT Settlement)

MCA: Under CIRPsnapshot predates the withdrawal

Umang Jain

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§The settlement

Admitted to CIRP: 16 Aug 2022
Withdrawn: 7 Sep 2026
Time in process: 4y · 1,483 days, admission to withdrawal · 3y 9mo slower than the sector median (4 mo)
Put to market: 1 Form G round before the withdrawal

◷Who filed · what was owed

Who filed: Prime Impex (Operational Creditor)

⇢Since then

MCA status: Under CIRP (as on 12 Jun 2026) — snapshot predates the withdrawal

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All recorded fields · 1 more

NCLT bench: Jaipur

04Superfine Metals Private Limited

Steel & Metals

Sep 202647 d in process

Central Bank of India

Admission set aside (NCLAT)

Megha Agrawal

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§The settlement

Admitted to CIRP: 16 Jul 2026
Withdrawn: 1 Sep 2026
Order feed date: 28 Mar 2024
Time in process: 47 days, admission to withdrawal
Route text: SET ASIDE

◷Who filed · what was owed

Who filed: Central Bank of India

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All recorded fields · 2 more

NCLT bench: Mumbai
Withdrawal order: withdrawal order ↗

05Raja Udyog Private Limited

Food & Agro

Aug 202636 d in process

Dinesh Chand and Others

Admission set aside (NCLAT)

Abhijeet Jain

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§The settlement

Admitted to CIRP: 20 Jul 2026
Withdrawn: 25 Aug 2026
Time in process: 36 days, admission to withdrawal · 49 d faster than the sector median (3 mo)

◷Who filed · what was owed

Who filed: Dinesh Chand and Others

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All recorded fields · 1 more

NCLT bench: Kolkata

06Kay Bee Cotgin Private Limited

Textiles & Apparel

Aug 20265 mo in process

Punjab and Sind Bank

Section 12A

MCA: Under CIRPsnapshot predates the withdrawal

Sandeep Kumar Chitkara

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§The settlement

Admitted to CIRP: 10 Mar 2026
Withdrawn: 20 Aug 2026
Time in process: 5 mo · 163 days, admission to withdrawal · 3 mo slower than the sector median (2 mo)
Route text: 12A Withdrawal CIRP

◷Who filed · what was owed

Who filed: Punjab and Sind Bank

⇢Since then

MCA status: Under CIRP (as on 12 Jun 2026) — snapshot predates the withdrawal

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All recorded fields · 2 more

NCLT bench: Chandigarh
Withdrawal order: withdrawal order ↗

MembersMembers also see how fast settlements come, who settles and with whom, what happened after, and the settlement clock by year, sector, bench and claim size.See plans →Sign in

Withdrawn since 30 Jun 2026 — 16 companies

Withdrawn 14 Oct 2026MIM Petro World Private LimitedNCLT Ahmedabad · Trading & Distribution Withdrawn 18 Sep 2026KRUX Pharma Private LimitedNCLT Ahmedabad · Pharmaceuticals Withdrawn 7 Sep 2026Shalfeyo Industries Private LimitedNCLT Jaipur · Trading & Distribution Withdrawn 1 Sep 2026Superfine Metals Private LimitedNCLT Mumbai · Steel & Metals Withdrawn 25 Aug 2026Raja Udyog Private LimitedNCLT Kolkata · Food & Agro Withdrawn 20 Aug 2026Kay Bee Cotgin Private LimitedNCLT Chandigarh · Textiles & Apparel

Members10 more withdrawals since 30 Jun 2026, each with who filed, whether the estate went to market and the professional — on Pipeline and the Full Investor Desk.See plans →Sign in

Back in the process — 261 settlements that did not hold

Withdrawn, then admitted again — the dataset a creditor weighing a settlement should read first.

Gayatri Hospitality and Realcon Limited · Real Estate & Housing · NCLT New Delhi

Settled and withdrawn Jul 2025 after 17 mo in process; back under insolvency Oct 2026, 14 mo later.

5 Oct 2026A second CIRP round on this CIN · a later commencement on the IBBI process record · an NCLT admission order after the withdrawal

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Silver Jubilee Motors Limited · Trading & Distribution · NCLT Mumbai

Settled and withdrawn May 2025 after 11 mo in process; back under insolvency Sep 2026, 16 mo later.

30 Sep 2026A second CIRP round on this CIN · a later commencement on the IBBI process record · an NCLT admission order after the withdrawal

Open dossier →

Takshashila Corporation LLPAAC2724 · Construction & Infrastructure · NCLT Ahmedabad

Settled and withdrawn Oct 2023 after 16 d in process; back under insolvency Sep 2026, 2y 11mo later.

25 Sep 2026A second CIRP round on this CIN · a later commencement on the IBBI process record · an NCLT admission order after the withdrawal

Open dossier →

Members258 more companies back in the process after a withdrawal, each with the signal that shows it — on Pipeline and the Full Investor Desk.See plans →Sign in

As of IBBI withdrawal figures to 30 Jun 2026 · NCLT/NCLAT orders to 15 Oct 2026 · latest withdrawal on this record 14 Oct 2026 · MCA status as on 12 Jun 2026, which runs on its own clock.

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