Rite Developers Private Limited

Corporate insolvency — liquidation in process · source: IBBI register

Sector Construction & Infrastructure Bench NCLT Mumbai Last process activity 2.4 years ago · public announcement

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Liquidation.

Admission to liquidation order

8 mo

This case

NCLT Mumbai median · 1 yr 3 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 812 / 3,069). Pre-packs left out.

The company

Private limited company in Construction & Infrastructure, registered in Maharashtra

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Construction & Infrastructure · 719 closed

Resolved 27% · Liquidation 37% · Withdrawn or closed 36%

NCLT Mumbai · 1,672 closed

Resolved 26% · Liquidation 50% · Withdrawn or closed 24%

Resolved cases in this sector: creditors' typical haircut 68.2% n=171

Liquidations in this sector: typical recovery 0.3% of claims n=43

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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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