Karthik Travels Private Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Admitted by NCLT. IBBI's public announcement is awaited; the claim deadline and other IBBI details will appear here once it is published.

Business: not stated in the order, which records that the petitioner sanctioned the company 39 vehicle loans and two term loans being business loans, and that the company said it approached the petitioner for purchase / refinance of motor vehicles, machinery and other assets. Registered office: 18/43, Corporation Shopping Complex, III Cross Street, Chennai - 600 028.

Sector Logistics & Transport Bench NCLT Chennai Last process activity 3 days ago · tribunal order · active

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for

3 days

This case

NCLT Chennai median · 1 yr 1 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,607). Pre-packs left out.

The company

Private limited company in Logistics & Transport, registered in Tamil Nadu

Where the process stands

Admitted→Resolution plan or liquidation

How cases like this ended

Logistics & Transport · 178 closed

Resolved 12% · Liquidation 58% · Withdrawn or closed 30%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

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

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