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Home/ Cases/ Other Manufacturing/ Devashray Papers (India) LLP
● Under CIRP

Devashray Papers (India) LLP

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: a paper manufacturing project funded by a Union Bank of India-led consortium; registered office at Survey No. 1106, Village Makva, Taluka Mehmdavad, Dist. Kheda, Gujarat.

Sector Other Manufacturing Bench NCLT Ahmedabad Last process activity 2 months ago · claims re-verified · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 9 months 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 Ahmedabad bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
11 mo
This case
NCLT Ahmedabad median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 449 / 4,609). Pre-packs left out.
The company
Limited liability partnership in Other Manufacturing, registered in Gujarat
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Other Manufacturing · 923 closed
Resolved 11% · Liquidation 47% · Withdrawn or closed 42%
NCLT Ahmedabad · 630 closed
Resolved 23% · Liquidation 49% · Withdrawn or closed 28%
Resolved cases in this sector: creditors' typical haircut 80.5% n=98
Liquidations in this sector: typical recovery 4.4% of claims n=58
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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