Varia Engineering Works Private Limited

Corporate insolvency — liquidated & dissolved · source: NCLT order, 20 Dec 2023

Sector Electronics & Electricals Bench NCLT Ahmedabad Last process activity 19 months ago · tribunal order

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by a financial creditor. Current status: Liquidation — Dissolved.

Admission to liquidation order

1 yr 6 mo

This case

NCLT Ahmedabad median · 1 yr 1 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 306 / 3,073). Pre-packs left out.

The company

Private limited company in Electronics & Electricals, registered in Gujarat

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered→Dissolved

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 83.5% n=40

Liquidations in this sector: typical recovery 2.3% of claims n=32

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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 9 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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