Southern Batteries Private Limited

Corporate insolvency — liquidation in process · source: order listed by IBBI, 2 Mar 2023

Sector Machinery & Equipment Bench NCLT Bengaluru Last process activity 2.2 years ago · tribunal order

Case record

at a glance

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

Admission to liquidation order

3 yr

This case

NCLT Bengaluru median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 114 / 3,073). Pre-packs left out.

The company

Private limited company in Machinery & Equipment, registered in Karnataka

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Machinery & Equipment · 403 closed

Resolved 10% · Liquidation 56% · Withdrawn or closed 34%

NCLT Bengaluru · 256 closed

Resolved 18% · Liquidation 52% · Withdrawn or closed 30%

Resolved cases in this sector: creditors' typical haircut 79.4% n=38

Liquidations in this sector: typical recovery 2.9% of claims n=38

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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 8 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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