Parerhat Gas Industries Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 8 Aug 2018

Sector Electronics & Electricals Bench NCLT Allahabad Last process activity 4 years ago · tribunal order

Case record

at a glance

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

Admission to liquidation order

8 mo

This case

NCLT Allahabad median · 1 yr 9 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 56 / 3,073). Pre-packs left out.

The company

Public limited company in Electronics & Electricals, registered in Uttar Pradesh

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

Resolved cases in this sector: creditors' typical haircut 83.5% n=40

Liquidations in this sector: typical recovery 2.3% 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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