Yogiraj Spinning Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 29 Apr 2024

Sector Textiles & Apparel Bench NCLT Ahmedabad

Acquired by

Kiran Mehta, Trupti Mehta, Darshan Mehta, Shivani Mehta and Shri Siddhivinayak Cotspin 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

1 yr 4 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

Public limited company in Textiles & Apparel, 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

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Ahmedabad · 630 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 81.1% n=80

Liquidations in this sector: typical recovery 5.8% of claims n=84

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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