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Home/ Cases/ Textiles & Apparel/ Loocust Incorp Apparel Export Private Limited
Withdrawn

Loocust Incorp Apparel Export Private Limited

CIRP withdrawn under Section 12A · registry: 12A-WITHDRAWN · source: NCLT order, 27 Jul 2023

Sector Textiles & Apparel Bench NCLT Chennai

Case record

at a glance

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 Current status: Withdrawn.

Admission to closure
17 days
This case
NCLT Chennai median · 4 mo
All India median · 5 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 119 / 1,407). Pre-packs left out.
The company
Private limited company in Textiles & Apparel, registered in Tamil Nadu
Where the process stands
Admitted→Withdrawn
How cases like this ended
Textiles & Apparel · 427 closed
Resolved 19% · Liquidation 56% · Withdrawn or closed 24%
NCLT Chennai · 650 closed
Resolved 15% · Liquidation 63% · Withdrawn or closed 22%
Resolved cases in this sector: creditors' typical haircut 81.1% n=78
Liquidations in this sector: typical recovery 5.8% of claims n=84
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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note
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