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Home/ Cases/ Electronics & Electricals/ Bright Westech Solution Private Limited
● Under CIRP

Bright Westech Solution Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Manufactures indoor/outdoor LED lighting, per company profile..

Sector Electronics & Electricals Bench NCLT Allahabad Last process activity 43 days ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 16 days ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
3 mo
This case
NCLT Allahabad median · 1 yr 8 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 100 / 4,609). Pre-packs left out.
The company
Private limited company in Electronics & Electricals, registered in Uttar Pradesh
Where the process stands
Admitted→Public announcement→Claims collected→Resolution plan or liquidation
How cases like this ended
Electronics & Electricals · 84 closed
Resolved 50% · Liquidation 48% · Withdrawn or closed 2%
NCLT Allahabad · 167 closed
Resolved 26% · Liquidation 34% · Withdrawn or closed 40%
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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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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