Farmax India Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 22 Jun 2023

Sector Steel & Metals Bench NCLT Hyderabad

Acquired by

Mr. Reddy Srinivasa Reddy

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

11 mo

This case

NCLT Hyderabad median · 1 yr 4 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 125 / 1,536). Pre-packs left out.

The company

Listed public limited company in Steel & Metals, registered in Telangana

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Resolution plan approved

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Hyderabad · 483 closed

Resolved 26% · Liquidation 45% · Withdrawn or closed 29%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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