Peekay Mediequip Private Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 2 May 2023

Sector Electronics & Electricals Bench NCLT Chennai

Acquired by

Mr. G. Shankar

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

3 yr 8 mo

This case

NCLT Chennai median · 1 yr 9 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 99 / 1,536). Pre-packs left out.

The company

Public limited company in Electronics & Electricals, registered in Tamil Nadu

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

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

Liquidations in this sector: typical recovery 2.3% of claims n=32

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.

9 sections of this case are locked.

Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error