Intelligence note
Admitted to insolvency on 14 Oct 2022 by the Mumbai bench, on a petition by Jayprabhu Industries LLP. Liquidation was ordered on 04 Sep 2026, 1,421 days after admission (median for concluded cases: 485 days).
Case details
CIN
U17120MH2007PTC169520
Incorporated
2007
Registered State
Maharashtra
NCLT Bench
Mumbai
Initiated by
Jayprabhu Industries LLP
Commencement
14 Oct 2022
Liquidation Order
04 Sep 2026
NCLT Mumbai: median 553 days admission → verdict · 34% of concluded matters ended in plan approval (n=1,245, full record) · all benches →
Recent movement
16 Mar 2023
Expressions of interest invited
RP: Mr. Ram Ratan Kanoongo
23 Jun 2023
Expressions of interest invited
RP: Mr. Ram Ratan Kanoongo
23 Jun 2023
EoI window closed
EoI window closed | 2 rounds held
04 Sep 2026
Liquidation order passed
No resolution plan approved — assets liquidated
EoI / Form-G detail
Plan submission by
30 Jun 2023
Case timeline
14 Oct 2022
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
16 Mar 2023
Expressions of interest invited
RP: Mr. Ram Ratan Kanoongo
23 Jun 2023
Expressions of interest invited
RP: Mr. Ram Ratan Kanoongo
23 Jun 2023
EoI window closed
EoI window closed | 2 rounds held
04 Sep 2026
Liquidation order passed
No resolution plan approved — assets liquidated
Company
Legal name
MUDRA DENIM PRIVATE LIMITED
Type
Private · Company limited by shares
Listing
Unlisted
Incorporated
02 Apr 2007
Authorised capital
Rs 17.00 Cr
Paid-up capital
Rs 10.88 Cr
Industry (MCA)
Manufacturing (Textiles)
ROC
ROC Mumbai
Company status
Under CIRP
Registered address
Wellington Business Park, building No.2, Gala No. 305, Andheri Kurla Road,,Andheri East,Mumbai City,Maharashtra,400099-India
Claims filing history
Operational creditors ↓
2 ↓
3 ↓
4 ↓
Other stakeholders ↓
Secured FC — class of creditors ↓
Secured financial creditors ↓
FC — class of creditors (homebuyer-type) ↓
Unsecured financial creditors ↓
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Secured financial creditors | Rs 222.88 Cr | Rs 222.88 Cr | 100% |
| Operational creditors | Rs 19.39 Cr | Rs 13.94 Cr | 72% |
| Unsecured financial creditors | Rs 39.16 L | Rs 39.16 L | 100% |
| Total of listed classes | Rs 242.66 Cr | Rs 237.20 Cr | 98% |
Of Rs 242.66 Cr claimed across these classes, Rs 237.20 Cr stands admitted — 98 paise per Rs 1 claimed made it past verification.
v1 · latest
as on 08 Jun 2023 · filed by Mr. Ram Ratan Kanoongo
Sources, basis and disclaimers → ·
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This case vs Textiles & Apparel
Time to liquidation order1,421 days
typical for this sector 374 days · median of 208
Key parties
Liquidator
24 IBBI mandates · 137.3% of liquidation value realised across concluded work
IRP at commencement · replaced
Paresh Chandulal Mehta → · Nov 2022
◆ RP changed during CIRP — IRP was replaced
CIRP initiated by
Jayprabhu Industries LLP
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