Ammanarul Spinners Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 9 Feb 2023

Sector Textiles & Apparel Bench NCLT Mumbai

Acquired by

Radha Krishna Textiles in Consortium with Mr. Rajiv Agarwal, Mrs. Kamal Agarwal, Manisha Agarwal, J.C. Agarwal HUF, Growel Syntex and Ganesh Syntex (Both Proprietorships of J.C. Agarwal HUF, Karta Mr. Rajiv Agarwal)

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

1 yr 5 mo

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Private limited company in Textiles & Apparel, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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