Resolution Plans

Midland Polymers

Resolution Plans are the key element for the success of a Corporate Insolvency Resolution Plan (CIRP), and their viability decides the fate of a resolution process. We enlist the ‘successful’ resolution plans of some of the large and well-known corporate debtors which saw their insolvency cases successfully resolved. To begin with, we are only including those cases where the realisation by the financial creditors have been more than Rs 1,000 crore.

Name of the Corporate DebtorSuccessful Resolution ApplicantDate of approval of Resolution planResolution Amount (Rs cr)
Hindusthan National Glass & Industries LtdIndependent Sugar Corporation Limited14 Aug 20252,166
Vidarbha Industries PowerAdani Power18 Jun 20254,000
Lanco Amarkantak Power LimitedAdani Power23 Aug 20244,101
SKS Power Generation Chhattisgarh LtdSarda Energy and Minerals Limited13 Aug 20242,657
Metalyst Forgings LtdDeccan Value Investors LP and DVI PE (Mauritius) Ltd14 May 20241,600
Reliance CapitalIndusInd International Holdings Ltd27 Feb 20249,661
DS Kulkarni Developers LtdConsortium of Ashdan Properties, Classic Promoters and Builders, and Atul Builders23 Jun 20231,080
IVRCL Chengali Tollway LtdSPCP Luxemburg Strategies S.A.R.L01 May 20231,465
Karaikal PortAdani Port and SEZ31 Mar 20231,583
Lanco Mandakini Hydro Energy PvtStatkraft IH Holding AS23 Mar 20231,311
JBF PetrochemicalsGAIL (India) Ltd13 Mar 20232,079
Jaypee InfratechSuraksha Realty and Lakshdeep Investments and Finance07 Mar 202312,148
Reliance Naval and EngineeringSwan Energy Ltd through Hazel Mercantile Limited 23 Dec 20222,108
Uttam Galva SteelAM Mining India Private Limited14 Oct 20224,000
Essar Power MP LtdAdani Power01 Nov 20212,500
Videocon IndustriesTwin Star Technologies (Vedanta Ltd)08 Jun 20213,000
DHFLPiramal Capital and Housing Finance07 Jun 202138,000
Aristo DevelopersPrestige Estates Projects Ltd23 Mar 20211,650
SEL Manufacturing Consortium of ARR ESS Industries Private Limited And Leading Edge Commercial FZE10 Feb 20211,093
Reliance InfratelReliance Projects & Property Management Services Limited3 Dec 20204,267
Catsex TechnologiesDeccan Value Investors LP and DVI PE (Mauritius) Limited15 Dec 20201,269
Asian Colour Coated Ispat LtdJSW Steel Coated Products26 Oct 20201,550
Amtek AutoDeccan Value Investor9 Sep 20202,620
Aircel Ltd, Dishnet Wireless, Aircel CellularUV Asset Reconstruction Company9 Jun 20206,660
Uttam Galva MetalicsConsortium of Carval Investors LLP and Nithiya Capital Resources Advisors LLP30 Apr 20203,720
Odisha Slurry Pipeline Infrasructure LimitedArcelorMittal 03 Mar 20202,353
Bhushan Power & Steel LtdJSW05 Sept 201919,900
Ruchi SoyaPatanjali Ayurveda24 July 20194,220
Orchid PharmaDhanuka Laboratories 27 June 20191,065
Korba West Power CompanyAdani Power24 June 20191,270
Jyoti StructuresGroup of HNIs led by Sharad Sanghi27 Mar 20193,967
Essar SteelArcelor Mittal and Nippon Steel08 Mar 201942,240
Alok IndustriesReliance Industries-JM Financial ARC08 Mar 20195,115
Binani CementUltratech Cement14 Nov 20187,100
Monnet Ispat & Energy LtdJSW and AION Capital24 July 20182,900
MBL InfrastructuresAnjani Kumar Lakhotia18 Apr 20181,814
Source: IBBI

3 thoughts on “Resolution Plans

  1. K.S.Gill says:

    Where can I find complete list of approved Resolution Plans by NCLT New Delhi during the year 2022-23

    Reply shall of great help

  2. K.S.Gill says:

    Where can I find complete list of approved Resolution Plans by NCLT New Delhi during the year 2022-23
    Reply shall of great help

    1. Subash Chandra says:

      IBBI Website. They publish a quarterly magazine which is excellent and provide detailed info incl what you are seeking

Leave a Reply

Your email address will not be published. Required fields are marked *