Furnace Fabrica (India) Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 29 Oct 2025

Sector Steel & Metals Bench NCLT Kochi Last process activity 4 months ago · tribunal order

Acquired by

Mr. Suresh Wavia

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

1 yr 11 mo

This case

All India median · 1 yr 8 mo

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

The company

Public limited company in Steel & Metals, registered in Kerala

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Kochi · 91 closed

Resolved 22% · Liquidation 56% · Withdrawn or closed 22%

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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9 sections of this case are locked.

Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 9 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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