Creativity at Best Technologies Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Sector Trading & Distribution Bench NCLT New Delhi Last process activity 26 days ago · Form G EoI deadline · active

Case record

at a glance

Admitted by the New Delhi bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

3 mo

This case

NCLT New Delhi median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 769 / 4,604). Pre-packs left out.

The company

Public limited company in Trading & Distribution, registered in Delhi

Where the process stands

Admitted→Public announcement→Expression of Interest invited→Resolution plan or liquidation

How cases like this ended

Trading & Distribution · 764 closed

Resolved 15% · Liquidation 62% · Withdrawn or closed 23%

NCLT New Delhi · 1,261 closed

Resolved 22% · Liquidation 41% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 77.9% n=105

Liquidations in this sector: typical recovery 0.0% of claims n=113

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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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