Nexus Electro Steel Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 9 Sep 2022

Sector Machinery & Equipment Bench NCLT Chennai Last process activity 3.3 years ago · claims re-verified

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Liquidation — Dissolved.

Admission to liquidation order

1 yr 5 mo

This case

NCLT Chennai median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 394 / 3,073). Pre-packs left out.

The company

Public limited company in Machinery & Equipment, registered in Tamil Nadu

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 79.4% n=38

Liquidations in this sector: typical recovery 2.9% of claims n=38

Subscriber access

Full case intelligence is gated

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error