Prostar Textile Mill Private Limited

Corporate insolvency — liquidated & dissolved · source: IBBI register

Sector Textiles & Apparel Bench NCLT Chennai Last process activity 2.8 years ago · auction notice

Case record

at a glance

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

Admission to liquidation order

1 yr

This case

NCLT Chennai median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 397 / 3,069). Pre-packs left out.

The company

Private limited company in Textiles & Apparel, registered in Tamil Nadu

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Textiles & Apparel · 423 closed

Resolved 19% · Liquidation 57% · Withdrawn or closed 24%

NCLT Chennai · 652 closed

Resolved 15% · Liquidation 63% · Withdrawn or closed 21%

Resolved cases in this sector: creditors' typical haircut 81.1% n=78

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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