MIM Petro World Private Limited

Corporate insolvency — admission set aside on appeal (NCLAT)

Business: trading and supply of mixed mineral hydrocarbon oil to heavy-vehicle/equipment users.

Sector Trading & Distribution Bench NCLT Ahmedabad

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by an operational creditor. Current status: Admission Set Aside.

Admission to closure

48 days

This case

NCLT Ahmedabad median · 4 mo

All India median · 4 mo

Medians: time from admission to withdrawal or closure, over closed cases (n = 120 / 1,667). Pre-packs left out.

The company

Private limited company in Trading & Distribution, registered in Gujarat

Where the process stands

Admitted→Admission Set Aside

How cases like this ended

Trading & Distribution · 812 closed

Resolved 15% · Liquidation 58% · Withdrawn or closed 27%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 80.6% n=112

Liquidations in this sector: typical recovery 0.0% of claims n=113

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6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note

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