Case record
Admitted by the Kolkata bench on a petition by a financial creditor. Current status: Under CIRP.
In the insolvency process for
4 days
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 514 / 4,607). Pre-packs left out.
The company
Public limited company in Steel & Metals, registered in West Bengal
Where the process stands
Admitted→Resolution plan or liquidation
How cases like this ended
Steel & Metals · 274 closed
Resolved 62% · Liquidation 31% · Withdrawn or closed 7%
NCLT Kolkata · 755 closed
Resolved 24% · Liquidation 47% · Withdrawn or closed 29%
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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