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Home/ Cases/ Textiles & Apparel/ Chenab Industries Private Limited
● Under CIRP

Chenab Industries Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Sector Textiles & Apparel Bench NCLT Chandigarh Last process activity 3 months ago · public announcement

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 13 days ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Chandigarh bench. Current status: Under CIRP.

In the insolvency process for
3 mo
This case
NCLT Chandigarh median · 1 yr 8 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,604). Pre-packs left out.
The company
Private limited company in Textiles & Apparel, registered in Jammu and Kashmir
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Textiles & Apparel · 423 closed
Resolved 19% · Liquidation 57% · Withdrawn or closed 24%
NCLT Chandigarh · 293 closed
Resolved 27% · Liquidation 46% · Withdrawn or closed 28%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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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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