Hirakud Industrial Works Limited — Admission Set Aside

Case record

at a glance

Admitted by the Cuttack bench on a petition by an operational creditor. Current status: Admission Set Aside.

Admission to closure

3 yr 7 mo

This case

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 1,667). Pre-packs left out.

The company

Public limited company in Construction & Infrastructure, registered in Odisha

Where the process stands

Admitted→Admission Set Aside

How cases like this ended

Construction & Infrastructure · 779 closed

Resolved 25% · Liquidation 34% · Withdrawn or closed 41%

NCLT Cuttack · 77 closed

Resolved 21% · Liquidation 42% · Withdrawn or closed 38%

Resolved cases in this sector: creditors' typical haircut 67.8% n=180

Liquidations in this sector: typical recovery 0.3% of claims n=43

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6 sections of this case are locked.

Committee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note

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