Sejal Glass Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 26 Mar 2021

Sector Cement, Glass & Ceramics Bench NCLT Mumbai Last process activity 2.6 years ago · tribunal order

Acquired by

Dilesh Roadlines Private Limited Jointly with Mr. Surji D. Chheda & Ms. Chhaya S. Chheda

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

2 yr 1 mo

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Listed public limited company in Cement, Glass & Ceramics, registered in Maharashtra

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Cement, Glass & Ceramics · 37 closed

Resolved 70% · Liquidation 22% · Withdrawn or closed 8%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 9 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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