Balaji Stake Rice Industries Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 13 Dec 2023

Sector Logistics & Transport Bench NCLT Hyderabad

Acquired by

Mr Kuchadi Sajeeth Kumar

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

6 mo

This case

NCLT Hyderabad median · 1 yr 4 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 125 / 1,536). Pre-packs left out.

The company

Public limited company in Logistics & Transport, registered in Telangana

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Logistics & Transport · 178 closed

Resolved 12% · Liquidation 58% · Withdrawn or closed 30%

NCLT Hyderabad · 483 closed

Resolved 26% · Liquidation 45% · Withdrawn or closed 29%

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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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