Karpagam Spinners Private Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 22 Feb 2018

Sector Textiles & Apparel Bench NCLT Chennai Last process activity 5.6 years ago · claims re-verified

Case record

at a glance

Admitted by the Chennai bench on a petition by an operational creditor. Current status: Liquidation — Dissolved.

Admission to liquidation order

7 mo

This case

NCLT Chennai median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 394 / 3,073). Pre-packs left out.

The company

Private limited company in Textiles & Apparel, registered in Tamil Nadu

Admitted claims

Under ₹10 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 7 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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