We use a session cookie and first-party analytics to run this site — no third-party trackers, no ads. Details in our Privacy Policy.
New researchThe sub-₹100 crore acquisition market, sized.Read the research →
Home/ Cases/ Trading & Distribution/ Karington Club and Resort Limited
Withdrawn

Karington Club and Resort Limited

CIRP withdrawn · registry: CIRP-WITHDRAWN · source: order listed by IBBI, 28 Mar 2022

Sector Trading & Distribution Bench NCLT Ahmedabad

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by an operational creditor. Current status: Withdrawn.

Admission to closure
5 mo
This case
NCLT Ahmedabad median · 5 mo
All India median · 5 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 103 / 1,407). Pre-packs left out.
The company
Public limited company in Trading & Distribution, registered in Gujarat
Where the process stands
Admitted→Withdrawn
How cases like this ended
Trading & Distribution · 768 closed
Resolved 15% · Liquidation 61% · Withdrawn or closed 23%
NCLT Ahmedabad · 610 closed
Resolved 23% · Liquidation 51% · Withdrawn or closed 26%
Resolved cases in this sector: creditors' typical haircut 77.9% n=105
Liquidations in this sector: typical recovery 0.0% of claims n=113
Subscriber access

Full case intelligence is gated

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 · 4 tribunal ordersProfessionalsIntelligence note
See plans →
Sources, basis and disclaimers → ·
report an error