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Home/ Cases/ Textiles & Apparel/ Sri Srinivasa Spin Tex (India) Limited
Withdrawn

Sri Srinivasa Spin Tex (India) Limited

CIRP withdrawn under Section 12A · registry: 12A-WITHDRAWN · source: NCLT order, 22 Aug 2022

Sector Textiles & Apparel Bench NCLT Amaravati

Case record

at a glance

Admitted by the Amaravati bench on a petition by an operational creditor. Current status: Withdrawn.

Admission to closure
5 days
This case
All India median · 4 mo
Medians: time from admission to withdrawal or closure, over closed cases (n = 1,667). Pre-packs left out.
The company
Public limited company in Textiles & Apparel, registered in Telangana
Where the process stands
Admitted→Withdrawn
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Resolved 19% · Liquidation 55% · Withdrawn or closed 27%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Resolved 19% · Liquidation 46% · Withdrawn or closed 35%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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4 sections of this case are locked.

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