Funbars Hospitality Private Limited

Corporate insolvency — liquidation in process · source: NCLT order, 19 Apr 2023

Sector Trading & Distribution Bench NCLT New Delhi Last process activity 3.2 years ago · claims re-verified

Case record

at a glance

Admitted by the New Delhi bench on a petition by an operational creditor. Current status: Liquidation.

Admission to liquidation order

1 yr 8 mo

This case

NCLT New Delhi median · 1 yr 2 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 495 / 3,069). Pre-packs left out.

The company

Private limited company in Trading & Distribution, registered in Delhi

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Trading & Distribution · 768 closed

Resolved 15% · Liquidation 61% · Withdrawn or closed 23%

NCLT New Delhi · 1,273 closed

Resolved 22% · Liquidation 40% · Withdrawn or closed 38%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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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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