Suryajyoti Spinning Mills Ltd

Corporate insolvency — liquidation in process · source: NCLT order, 18 Apr 2023

Sector Textiles & Apparel Bench NCLT Hyderabad Last process activity 19 days ago · auction notice · active

Case record

at a glance

Admitted by the Hyderabad bench on a petition by a financial creditor. Current status: Liquidation.

Admission to liquidation order

3 yr 7 mo

This case

NCLT Hyderabad median · 1 yr 1 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 209 / 3,073). Pre-packs left out.

The company

Listed public limited company in Textiles & Apparel, registered in Telangana

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Liquidation ordered

How cases like this ended

Textiles & Apparel · 442 closed

Resolved 19% · Liquidation 55% · Withdrawn or closed 27%

NCLT Hyderabad · 483 closed

Resolved 26% · Liquidation 45% · Withdrawn or closed 29%

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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8 sections of this case are locked.

Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 9 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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