Cheema Spintex Ltd

Corporate insolvency — liquidation in process · source: NCLT order, 8 May 2025

Sector Textiles & Apparel Bench NCLT Chandigarh Last process activity 10 months ago · auction notice

Case record

at a glance

Admitted by the Chandigarh bench on a petition by a financial creditor. Current status: Liquidation.

Admission to liquidation order

11 mo

This case

NCLT Chandigarh median · 1 yr 3 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 132 / 3,069). Pre-packs left out.

The company

Public limited company in Textiles & Apparel, registered in Chandigarh

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Textiles & Apparel · 423 closed

Resolved 19% · Liquidation 57% · Withdrawn or closed 24%

NCLT Chandigarh · 295 closed

Resolved 26% · Liquidation 45% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 81.1% n=78

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

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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 8 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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