Nigo Best Packs Pvt. Ltd.

Corporate insolvency — liquidated & dissolved · source: order listed by IBBI, 23 Feb 2023

Sector Chemicals & Plastics Bench NCLT Ahmedabad Last process activity 3.6 years ago · tribunal order

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by an operational creditor. Current status: Liquidation — Dissolved.

Admission to liquidation order

5 mo

This case

NCLT Ahmedabad median · 1 yr 1 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 306 / 3,073). Pre-packs left out.

The company

Private limited company in Chemicals & Plastics, registered in Gujarat

Admitted claims

Under ₹10 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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