Swastik Tungsten Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 8 Jul 2024

Sector Chemicals & Plastics Bench NCLT Mumbai

Acquired by

Ajit Shamrao Arbatti

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

2 yr 6 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

Private limited company in Chemicals & Plastics, registered in Maharashtra

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Chemicals & Plastics · 121 closed

Resolved 56% · Liquidation 37% · Withdrawn or closed 7%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 77.7% n=64

Liquidations in this sector: typical recovery 7.8% of claims n=32

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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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