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Home/ Cases/ Steel & Metals/ Omkara Vijayalakshmi Strips Private Limited
● Under CIRP

Omkara Vijayalakshmi Strips Private Limited

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

Manufactures ERW mild-steel and GP pipes and rolling sheets.

Sector Steel & Metals Bench NCLT Amaravati Last process activity today · Form G EoI deadline · active

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 30 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 Amaravati bench on a petition by a financial creditor. Current status: Under CIRP. An Expression of Interest (EoI) invitation is open — it closes today.

In the insolvency process for
3 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
Private limited company in Steel & Metals, registered in Andhra Pradesh
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Steel & Metals · 274 closed
Resolved 62% · Liquidation 31% · Withdrawn or closed 7%
NCLT Amaravati · 102 closed
Resolved 19% · Liquidation 46% · Withdrawn or closed 35%
Resolved cases in this sector: creditors' typical haircut 82.0% n=165
Liquidations in this sector: typical recovery 3.8% of claims n=65
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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