Subi Chemicals Pvt Ltd

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 25 Aug 2023

Sector Pharmaceuticals Bench NCLT Ahmedabad

Acquired by

Nova Dyestuff Industries Pvt. Ltd

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

8 mo

This case

NCLT Ahmedabad median · 1 yr 6 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 143 / 1,536). Pre-packs left out.

The company

Private limited company in Pharmaceuticals, registered in Gujarat

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Pharmaceuticals · 42 closed

Resolved 55% · Liquidation 33% · Withdrawn or closed 12%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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