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Home/ Cases/ Machinery & Equipment/ Parsoli Motor Works Private Limited
● Under CIRP

Parsoli Motor Works Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Sector Machinery & Equipment Bench NCLT Ahmedabad Last process activity 4.6 years ago · tribunal order

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 6.1 years 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. Current status: Under CIRP.

In the insolvency process for
6 yr 4 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
Private limited company in Machinery & Equipment, registered in Gujarat
Where the process stands
Admitted→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Machinery & Equipment · 403 closed
Resolved 10% · Liquidation 56% · Withdrawn or closed 34%
NCLT Ahmedabad · 630 closed
Resolved 23% · Liquidation 49% · Withdrawn or closed 28%
Resolved cases in this sector: creditors' typical haircut 79.4% n=38
Liquidations in this sector: typical recovery 2.9% of claims n=38
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4 sections of this case are locked.

Company & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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