Sovereign Industries Limited

Corporate insolvency — liquidation in process · source: IBBI register

Sector Other Services Bench NCLT Bengaluru Last process activity 7 months ago · public announcement

Case record

at a glance

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

Admission to liquidation order

2 yr 10 mo

This case

NCLT Bengaluru median · 10 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 113 / 3,069). Pre-packs left out.

The company

Public limited company in Other Services, registered in Karnataka

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Other Services · 1,154 closed

Resolved 15% · Liquidation 51% · Withdrawn or closed 34%

NCLT Bengaluru · 242 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 26%

Resolved cases in this sector: creditors' typical haircut 78.0% n=151

Liquidations in this sector: typical recovery 0.7% of claims n=127

Subscriber access

Full case intelligence is gated

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

7 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 14 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error