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Home/ Cases/ Machinery & Equipment/ VEES Properties Limited
Round concluded

VEES Properties Limited

Corporate insolvency — this round concluded; outcome being traced from the orders · source: IBBI register

Sector Machinery & Equipment Bench NCLT Chennai Last process activity 6.8 years ago · public announcement

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Round Concluded.

The company
Public limited company in Machinery & Equipment, registered in Tamil Nadu
Where the process stands
Admitted→Round Concluded
How cases like this ended
Machinery & Equipment · 380 closed
Resolved 10% · Liquidation 59% · Withdrawn or closed 31%
NCLT Chennai · 652 closed
Resolved 15% · Liquidation 63% · Withdrawn or closed 21%
Resolved cases in this sector: creditors' typical haircut 79.0% n=37
Liquidations in this sector: typical recovery 2.9% of claims n=38
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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsIntelligence note
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