Wearit Global Limited

Corporate insolvency — liquidation in process · source: IBBI register

Sector Power & Energy Bench NCLT Kolkata Last process activity 11 months ago · claims re-verified

Case record

at a glance

Admitted by the Kolkata bench on a petition by an operational creditor. Current status: Liquidation.

Admission to liquidation order

2 yr 7 mo

This case

NCLT Kolkata median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 338 / 3,069). Pre-packs left out.

The company

Public limited company in Power & Energy, registered in West Bengal

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Power & Energy · 204 closed

Resolved 29% · Liquidation 48% · Withdrawn or closed 23%

NCLT Kolkata · 724 closed

Resolved 25% · Liquidation 49% · Withdrawn or closed 26%

Resolved cases in this sector: creditors' typical haircut 82.1% n=57

Liquidations in this sector: typical recovery 4.7% of claims n=37

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.

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

See plans →

Sources, basis and disclaimers → ·

report an error