Fedders Electric And Engineering Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 6 Oct 2021

Sector Machinery & Equipment Bench NCLT Allahabad Last process activity 3.1 years ago · tribunal order

Acquired by

IM+ Capitals Limited

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

2 yr 1 mo

This case

NCLT Allahabad median · 1 yr 8 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 44 / 1,536). Pre-packs left out.

The company

Listed public limited company in Machinery & Equipment, registered in Uttar Pradesh

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

Resolved cases in this sector: creditors' typical haircut 79.4% n=38

Liquidations in this sector: typical recovery 2.9% of claims n=38

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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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