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Home/ Cases/ Food & Agro/ Manali Sugars Limited
✓ Resolved — plan approved

Manali Sugars Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 18 Oct 2022

Sector Food & Agro Bench NCLT Bengaluru

Case record

at a glance

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

Admission to plan approval
1 yr 6 mo
This case
NCLT Bengaluru median · 1 yr 9 mo
All India median · 1 yr 8 mo
Medians: time from admission to plan approval, over closed cases (n = 47 / 1,536). Pre-packs left out.
The company
Public limited company in Food & Agro, registered in Karnataka
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Expression of Interest invited→Resolution plan approved
How cases like this ended
Food & Agro · 540 closed
Resolved 24% · Liquidation 49% · Withdrawn or closed 27%
NCLT Bengaluru · 256 closed
Resolved 18% · Liquidation 52% · Withdrawn or closed 30%
Resolved cases in this sector: creditors' typical haircut 75.2% n=127
Liquidations in this sector: typical recovery 8.2% of claims n=67
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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note
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