COS Board Industries Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 3 Feb 2022

Sector Other Manufacturing Bench NCLT Cuttack Last process activity 3.3 years ago · tribunal order

Acquired by

Bimal Industries

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Cuttack bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

2 yr 1 mo

This case

All India median · 1 yr 8 mo

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

The company

Listed public limited company in Other Manufacturing, registered in Odisha

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Other Manufacturing · 923 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT Cuttack · 77 closed

Resolved 21% · Liquidation 42% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 80.5% n=98

Liquidations in this sector: typical recovery 4.4% of claims n=58

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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