Claims at a glance
FC 98%
OC 2%
Total admitted ₹19,316.68 Cr
Case details
CIN
L61200GJ1985PLC007730
Incorporated
1985
Registered State
Gujarat
NCLT Bench
Ahmedabad
Initiated by
FC
Commencement
01 Aug 2017
Liquidation Order
25 Apr 2019
Admitted Claims
₹19,316.68 Cr
NCLT Ahmedabad: median 537 days admission → verdict · 40% of concluded matters ended in plan approval (n=328, full record) · all benches →
E-auction record
Price discovery: reserve ₹8.5 Cr at first notice (15 Oct 2021) → ₹0.02 Cr at latest (25 Jul 2025) · -100% across 5 notices
25 Jul 2025
Reserve ₹0.02 Cr · Vehicles in Scrap Condition · Ahemdabad, Gujarat · eBKray
13 Oct 2023
Reserve ₹0.09 Cr · Vehicles · Surat and Baruch, Gujarat · Others
16 Sep 2022
Reserve ₹7.8 Cr · Land and Vehicles · Surat and Bharuch (Gujarat · Others
06 Sep 2022
Reserve ₹7.8 Cr · Land and Vehicles · Surat and Bharuch - Gujarat · Others
15 Oct 2021
Reserve ₹8.5 Cr · Partial completed Seismic Survey Vessel Y-238 Varada Empress along with its identified machineries, stores and spares. · Surat Shipyard situated at ABG Shipyard, near village Gaviar, Taluka … · Others
IBBI liquidation e-auction notices · asset intelligence, not realisation — a reserve is an asking price, never a recovery.
Recent movement
Case timeline
01 Aug 2017
CIRP commenced
Insolvency proceedings began · NCLT Ahmedabad
25 Apr 2019
Liquidation order passed
No resolution plan approved — assets liquidated
Company
Type
Public · Company limited by shares
Listing
Listed
Incorporated
15 Mar 1985
Authorised capital
₹17,000 Cr
Paid-up capital
₹201.5 Cr
Industry (MCA)
Transport, storage and Communications
ROC
ROC Ahmedabad
Company status
Under Liquidation
Registered address
MAGDALA VILLAGEOFF DUMAS ROAD,SURAT,Gujarat,395007-India
Source: MCA Company / LLP Master Data — registry snapshot; figures are as on the stated date, not live.
Claims profile
Admitted claims by creditor class
FC 98%
OC 2%
CLASS
ADMITTED
Financial creditors
₹18,848.30 Cr
Operational creditors
₹468.38 Cr
Total
₹19,316.68 Cr
admitted total/FC/OC from IBBI outcome file (crores); claimed & 9-category pending /claims scrape
Source: IBBI outcome data / Reg 31(5)(d) claims list · crores as filed · admitted "pending" = under collation or verification, not zero.
Committee of creditors
CoC composition not yet recorded for this case. Sourced from NCLT filings — added over time.
About this data: Case data is assembled from NCLT/NCLAT orders, IBBI public announcements, quarterly outcome records and the MCA registry. See how every number is sourced, checked and corrected →.
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This case vs Logistics & Transport
Duration — 632d82d slower
sector avg 550d
Size rank in sector#1 of 89
Computed live across stressed.in's IBBI universe — every recorded Logistics & Transport outcome of this type.
Key parties
Liquidator
7 IBBI mandates · 126.8% of liquidation value realised across concluded work
IRP at commencement
Sundaresh Bhat → · Aug 2017
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