Forbes Technosys Limited

Corporate insolvency — liquidation in process · source: NCLT order, 28 Aug 2026

Business: manufacturer of payment processing and transaction automation kiosks such as ATMs and automatic ticket vending machines; formerly Wandel & Goltermann & Forbes Limited; registered office in Andheri (East), Mumbai.

Sector Machinery & Equipment Bench NCLT Mumbai

Case record

at a glance

Admitted by the Mumbai bench on its own application. Current status: Liquidation.

Admission to liquidation order

1 yr 5 mo

This case

NCLT Mumbai median · 1 yr 3 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 812 / 3,073). Pre-packs left out.

The company

Public limited company in Machinery & Equipment, registered in Maharashtra

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

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 classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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