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Home/ Cases/ Steel & Metals/ Omkara Vijayalakshmi Strips Private Limited
● Under CIRP

Omkara Vijayalakshmi Strips Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Manufactures ERW mild-steel and GP pipes and rolling sheets.

Sector Steel & Metals Bench NCLT Amaravati Last process activity 53 days ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 21 days ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Amaravati bench on a petition by a financial creditor. Current status: Under CIRP. An Expression of Interest (EoI) invitation is open — it closes in 9 days.

In the insolvency process for
3 mo
This case
NCLT Amaravati median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 57 / 4,604). Pre-packs left out.
The company
Private limited company in Steel & Metals, registered in Andhra Pradesh
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Steel & Metals · 272 closed
Resolved 63% · Liquidation 31% · Withdrawn or closed 6%
NCLT Amaravati · 84 closed
Resolved 18% · Liquidation 51% · Withdrawn or closed 31%
Resolved cases in this sector: creditors' typical haircut 81.9% n=163
Liquidations in this sector: typical recovery 3.8% of claims n=65
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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