Orma Marble Palace Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 23 Dec 2022

Sector Mining Bench NCLT Kochi Last process activity 17 months ago · tribunal order

Acquired by

Dr. K.V. Tolins

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Kochi bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

1 yr 8 mo

This case

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 1,536). Pre-packs left out.

The company

Private limited company in Mining, registered in Kerala

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Mining · 82 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 29%

NCLT Kochi · 91 closed

Resolved 22% · Liquidation 56% · Withdrawn or closed 22%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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