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Sector

Chemicals & Plastics · page 2

Chemicals & Plastics accounts for 149 insolvency cases on record since 2017. Of the concluded cases, 67 ended in an approved resolution plan and 42 in liquidation — a liquidation rate of 38.5%. 32 remain under CIRP today. Cases here take a median 517 days from admission to a plan or liquidation order (n=109), against a national median of 480 days (n=4,663).

Total149on record
Resolved67plan approved
Liquidated42order passed
Under CIRP32running now
Median haircut77.7% national 77.2% · n=64

Figures, haircuts and benchmarks sit on each case page, for members. This index is the public record; the interpretation is the product.

CompanyStatusSectorNCLT bench Resolution professionalAdmittedOutcome
Proactive Plast Private Limited Resolution Plan Approved Chemicals & Plastics New Delhi Sandeep Kumar Bhatt 14 Oct 2019 04 Mar 2022
Harsh Speciality Coating Private Limited Duplicate admission closed (NCLT) Chemicals & Plastics New Delhi Dhanshyam Kantilal Patel 24 Dec 2021 17 Feb 2022
Harsh Speciality Coating Private Limited Liquidation Order Chemicals & Plastics New Delhi Reshma Mittal 12 Feb 2021 15 Feb 2022
Varun Sacks Private Limited Liquidation Order Chemicals & Plastics Mumbai Pramod Kumar Dokania 29 Jul 2021 14 Feb 2022
Sacos Indigo Private Limited Liquidation Order Chemicals & Plastics Mumbai Santanu T Ray 26 May 2020 28 Jan 2022
Kilburn Chemicals Limited Resolution Plan Approved Chemicals & Plastics Kolkata Sanjai Kumar Gupta 10 Aug 2020 16 Dec 2021
Srk Chemicals Limited Liquidation Order Chemicals & Plastics Ahmedabad Rajendra Sanghi 27 Nov 2019 29 Nov 2021
Wellman Carbo Metalicks India Private Limited Resolution Plan Approved Chemicals & Plastics Kolkata Santosh Choraria 07 Aug 2019 25 Nov 2021
Bohra Industries Limited Resolution Plan Approved Chemicals & Plastics Jaipur Naresh Verma 07 Aug 2019 13 Oct 2021
Polygold Pre-Cured Systems Private Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Dhaval Jitendrakumar Mistry 16 Mar 2020 20 Sep 2021
Raipur Polymers Private Limited Liquidation Order Chemicals & Plastics Cuttack Saradindu Jena 31 Mar 2021 10 Aug 2021
LTS Plastics (India) Pvt Ltd Liquidation Order Chemicals & Plastics Kolkata Sanjeev Jhunjhunwala 09 Aug 2019 18 Mar 2021
Nigo Best Packs Pvt. Ltd. Liquidation Order Chemicals & Plastics Ahmedabad Bhavan Trivedi 08 Oct 2020 16 Mar 2021
Sagar Infra Rail International Limited Liquidation Order Chemicals & Plastics Hyderabad Kambhammettu Sri Vamsi 08 Aug 2019 04 Mar 2021
Sanjay Insecticides Pvt. Ltd. Liquidation Order Chemicals & Plastics Mumbai Rakesh Kumar Relan 14 Nov 2019 26 Feb 2021
Aditya Polymers and Chemicals (India) Pvt. Ltd. Liquidation Order Chemicals & Plastics Mumbai Krishna Chamadia 05 Sep 2019 20 Jan 2021
Vardhman Chemtech Limited Resolution Plan Approved Chemicals & Plastics Chandigarh Hemanshu Jetley 25 Sep 2018 12 Jan 2021
Kalpyog Chemicals Private Limited Liquidation Order Chemicals & Plastics Mumbai Sreekumar Radhakrishnan Nair 29 Aug 2019 21 Sep 2020
Technovaa Plastic Industries Private Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Vijay Pitambar Lulla 26 Oct 2018 04 Sep 2020
Gopala Polyplast Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Vikash Gautamchand Jain 02 May 2019 07 Aug 2020
MCCL Petrochem Limited Liquidation Order Chemicals & Plastics New Delhi Pankaj Khetan 23 Oct 2019 07 Aug 2020
Unnati Fortune Industries Private Limited Resolution Plan Approved Chemicals & Plastics New Delhi Pradip Kumar Mittal 11 Jun 2019 01 Jul 2020
Tirupati Balaji Polymers Private Limited Liquidation Order Chemicals & Plastics Ahmedabad Kashyap Ashwinbhai Shah 12 Jul 2019 16 Jun 2020
Govind Rubber Limited Resolution Plan Approved Chemicals & Plastics Mumbai Vishal Ghisulal Jain 18 Jan 2019 31 Jan 2020
Global Syntex (Bhilawara) Limited Liquidation Order Chemicals & Plastics Jaipur Prashant Agrawal 21 Aug 2019 24 Jan 2020
Hwashin Industries Private Limited Resolution Plan Approved Chemicals & Plastics Allahabad Devendra Singh 10 Jan 2019 22 Jan 2020
Noble Explochem Limited Resolution Plan Approved Chemicals & Plastics Mumbai Manoj Sehgal 14 May 2018 22 Jan 2020
Acaricide India Private Limited Liquidation Order Chemicals & Plastics Hyderabad Madasa Kumar 09 Jul 2019 21 Jan 2020
Eterna Life Sciences Private Limited Liquidation Order Chemicals & Plastics Hyderabad Kalvakolanu Murali Krishna Prasad 18 Mar 2019 26 Nov 2019
Nagarjuna Oil Refinery Limited Liquidation Order Chemicals & Plastics Hyderabad Kranthi Kumar Kedari 09 Apr 2019 26 Nov 2019
Viz Infra Consultants Private Limited Resolution Plan Approved Chemicals & Plastics Mumbai Raghu Babu Gunturu 28 Aug 2018 21 Nov 2019
Maruti Koatsu Cylinders Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Mangesh Vitthal Kekre 26 Apr 2018 22 Oct 2019
Dinesh Polytubes Private Limited Resolution Plan Approved Chemicals & Plastics Chandigarh Jalesh Kumar Grover 11 Dec 2017 12 Jul 2019
Orchid Pharma Ltd. Resolution Plan Approved Chemicals & Plastics Chennai Sripatham Venkatasubramainan Ramkumar 17 Aug 2017 27 Jun 2019
Arion Cement Manufacturing Private Limited Liquidation Order Chemicals & Plastics Kolkata Kanchan Dutta 12 Dec 2018 24 Jun 2019
Yes Power & Infrastructure Limited Liquidation Order Chemicals & Plastics Mumbai Snehal A. Kamdar 11 May 2018 10 May 2019
Shivam Fragrances Pvt. Ltd. Resolution Plan Approved Chemicals & Plastics New Delhi Arunava Sikdar 11 Jun 2018 08 May 2019
Aryavart Chemicals Pvt Ltd Resolution Plan Approved Chemicals & Plastics Mumbai Jitendrakumar Rambaran Yadav 19 Mar 2018 15 Apr 2019
Interlink Petroleum Limited Liquidation Order Chemicals & Plastics New Delhi Atul Mittal 07 Sep 2018 01 Apr 2019
Sonachi Industries Limited Liquidation Order Chemicals & Plastics Mumbai Kshitiz Gupta 02 May 2018 28 Feb 2019
Polychroic Petrochemicals Private Ltd Liquidation Order Chemicals & Plastics Mumbai Avil Menezes 15 Sep 2017 20 Feb 2019
Merchem Ltd. Resolution Plan Approved Chemicals & Plastics Chennai Ravindra Beleyur 15 Jan 2018 23 Jan 2019
Ispat Energy Limited Liquidation Order Chemicals & Plastics Mumbai Jayesh 25 Apr 2018 14 Nov 2018
Meridian Extrusions Private Limited Liquidation Order Chemicals & Plastics Ahmedabad Pinakin Surendra Shah 05 Mar 2018 15 Oct 2018
Bluplast Industries Limited Liquidation Order Chemicals & Plastics Mumbai Vishal Bidawatjika 05 Oct 2017 10 Aug 2018
Mohan Aromatics Pvt. Ltd. Resolution Plan Approved Chemicals & Plastics Mumbai Jitesh Gupta 18 Oct 2017 25 Jul 2018
Shree Coke Manufacturing Company Private Limited Liquidation Order Chemicals & Plastics Kolkata Anil Agarwal 22 Dec 2017 20 Jul 2018
Datre Corporation Ltd. Resolution Plan Approved Chemicals & Plastics Kolkata Rakesh Kumar Agarwal 20 Sep 2017 22 Jun 2018
Wig Associates Pvt. Ltd. Resolution Plan Approved Chemicals & Plastics Mumbai Martin S.K. Golla 24 Aug 2017 04 Jun 2018
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Other sectors

Other Services (1,520) Construction & Infrastructure (1,142) Other Manufacturing (1,114) Trading & Distribution (1,049) Food & Agro (699) Real Estate & Housing (625) Textiles & Apparel (551) Machinery & Equipment (497)

Sourced exclusively from public record — IBBI publications and announcements, NCLT and NCLAT orders. Every figure stored verbatim; a blank means not yet filed, never zero. Data as of 2026-09-25. Read the methodology · Browse A–Z · by sector · by bench · bench duration intelligence.