Saicon Steels Private Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 24 Dec 2021

Sector Steel & Metals Bench NCLT Mumbai Last process activity 4.8 years ago · tribunal order

Case record

at a glance

Admitted by the Mumbai bench on its own application. Current status: Liquidation — Dissolved.

Admission to liquidation order

9 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 / 3,073). Pre-packs left out.

The company

Private limited company in Steel & Metals, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Steel & Metals · 274 closed

Resolved 62% · Liquidation 31% · Withdrawn or closed 7%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 82.0% n=165

Liquidations in this sector: typical recovery 3.8% of claims n=65

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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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