Intelligence note
An operational-creditor case end to end: CIRP initiated by M/s Arham Enterprise under Section 9, while the CoC consisted of a single financial creditor - State Bank of India with an admitted claim of Rs 7.03 Cr and 100% of the vote. The company went to an individual, Sonal Sumit Mehta, bidding jointly with Credex Trading - plan dated 12.11.2025, approved unanimously on 06.12.2025.
Case details
CIN
U21099GJ2011PTC065103
Incorporated
2011
Registered State
Gujarat
NCLT Bench
Ahmedabad
Initiated by
OC — Arham Enterprise
Defunct / BIFR
No
Commencement
09 Jan 2025
Outcome Date
18 Mar 2026
Admitted Claims
₹14.60 Cr
Liquidation Value
₹7.84 Cr
Fair Value
₹10.83 Cr
Realisable Amount
₹7.07 Cr
Recovery vs Claims
48.40%
Recovery vs LV
90.10%
NCLT Ahmedabad: median 537 days admission → verdict · 40% of concluded matters ended in plan approval (n=326, full record) · all benches →
Recent movement
Valuations & recovery
Fair value
₹10.83 Cr
Liquidation value
₹7.84 Cr
Recovery vs fair value
65.29%
Recovery vs liquidation value
90.10%
The plan
Successful applicant
Sonal Sumit Mehta jointly with Credex Trading
CoC approval
100.00% voting share · 10th meeting · 06 Dec 2025
How the plan pays
·Resolution Plan dated 12.11.2025 approved by the CoC on 06.12.2025 pursuant to voting in the 10th CoC meeting of 13.11.2025
Curated verbatim from the NCLT plan-approval order - the authoritative per-case record. Contingent components pay only if their conditions occur.
Case timeline
09 Jan 2025
CIRP commenced
Insolvency proceedings began · NCLT Ahmedabad
26 Mar 2025
EoI invited
RP: Mr. Ashish Anantray Shah
14 months elapsed · admission → resolution
18 Mar 2026
Resolution plan approved
Acquired by Sonal Sumit Mehta jointly with Credex Trading
Haircut 51.60%
Company
Legal name
CLASSIC CORRUGATIONS PRIVATE LIMITED
Type
Private · Company limited by shares
Listing
Unlisted
Incorporated
22 Apr 2011
Authorised capital
₹2 Cr
Paid-up capital
₹1 Cr
Industry (MCA)
Manufacturing (Paper and Paper products, Publishing, printingand reproduction of recorded media)
ROC
ROC Ahmedabad
Company status
Active — company survived resolution
Registered address
69,Soham Integrated Park,Mahijada Bareja Road Off Kamod Dholka Higway,Mahijada,Ahmedabad,Ahmedabad,Gujarat,382425-India
Source: MCA Company / LLP Master Data — registry snapshot; figures are as on the stated date, not live.
Committee of creditors
State Bank of India
Financial Creditor (sole CoC member)
₹7.03 Cr
100.00% vote
100.00% vote
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 Other Manufacturing
Haircut — 51.6%20.9 pts better
sector avg 72.5% · 90 resolutions
Rec vs LV — 90.1%-60.4 pts
sector avg 150.5%
Duration — 433d250d faster
sector avg 683d
Size rank in sector#72 of 90
Computed live across stressed.in's IBBI universe — every recorded Other Manufacturing outcome of this type.
Key parties
Resolution Professional
15 IBBI mandates · 135% of liquidation value realised across concluded work
IRP at commencement · replaced
Ashish Anantray Shah → · Jan 2025
◆ RP changed during CIRP — IRP was replaced
CIRP initiated by
Arham Enterprise OC
Resolution applicant
Sonal Sumit Mehta jointly with Credex Trading
Sonal Sumit Mehta jointly with Credex Trading - individual bidding jointly with a trading firm
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