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Home/ Cases/ Textiles & Apparel/ Kallam Textiles Limited
● Under CIRP

Kallam Textiles Limited

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

Business: manufacturing and processing of textile products including spinning, dyeing and allied textile operations; registered office at N.H.5, Chowdavaram, Guntur, Andhra Pradesh.

Sector Textiles & Apparel Bench NCLT Amaravati Last process activity 5 months ago · Form G EoI deadline

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 4 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 Amaravati bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
6 mo
This case
NCLT Amaravati 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 = 65 / 4,609). Pre-packs left out.
The company
Listed public limited company in Textiles & Apparel, registered in Andhra Pradesh
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
Textiles & Apparel · 442 closed
Resolved 19% · Liquidation 55% · Withdrawn or closed 27%
NCLT Amaravati · 102 closed
Resolved 19% · Liquidation 46% · Withdrawn or closed 35%
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 classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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