Laxme Saai Steel Private Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 16 Aug 2022

Sector Steel & Metals Bench NCLT Amaravati Last process activity 2.6 years ago · tribunal order

Acquired by

Mr. Naval Kishore Khaitan

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Amaravati bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

6 mo

This case

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 1,536). Pre-packs left out.

The company

Private limited company in Steel & Metals, registered in Andhra Pradesh

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Amaravati · 102 closed

Resolved 19% · Liquidation 46% · Withdrawn or closed 35%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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