Globe Panel Industries India Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Business: plywood, laminates, flush doors, formaldehyde and allied products under GL Plywood brand.

Sector Other Manufacturing Bench NCLT New Delhi Last process activity 59 days ago · public announcement · active

Case record

at a glance

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

In the insolvency process for

2 mo

This case

NCLT New Delhi median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 770 / 4,609). Pre-packs left out.

The company

Private limited company in Other Manufacturing, registered in Delhi

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Other Manufacturing · 923 closed

Resolved 11% · Liquidation 47% · Withdrawn or closed 42%

NCLT New Delhi · 1,372 closed

Resolved 20% · Liquidation 37% · Withdrawn or closed 42%

Resolved cases in this sector: creditors' typical haircut 80.5% n=98

Liquidations in this sector: typical recovery 4.4% of claims n=58

Subscriber access

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

See plans →

report an error