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 plan
DS Kulkarni Developers LtdConsortium of Ashdan Properties, Classic Promoters and Builders, and Atul Builders23 June 2023
IVRCL Chengali Tollway LtdSPCP Luxemburg Strategies S.A.R.L01 May 2023
Karaikal PortAdani Port and SEZ31 March 2023
Lanco Mandakini Hydro Energy PvtStatkraft IH Holding AS23 March 2023
JBF PetrochemicalsGAIL (India) Ltd13 March 2023
Jaypee InfratechSuraksha Realty and Lakshdeep Investments and Finance07 March 2023
Reliance Naval and EngineeringSwan Energy Ltd through Hazel Mercantile Limited 23 December 2022
Uttam Galva SteelAM Mining India Private Limited14 October 2022
Essar Power MP LtdAdani Power01 Nov 2021
Jet AirwaysConsortium of Kalrock Capital and Murari Lal Jalan22 June 2021
Videocon IndustriesTwin Star Technologies (Vedanta Ltd)08 June 2021
DHFLPiramal Capital and Housing Finance07 June 2021
Ariisto DevelopersPrestige Estates Projects Ltd23 March 2021
SEL Manufacturing Consortium of ARR ESS Industries Private Limited And Leading Edge Commercial FZE10 February 2021
Reliance InfratelReliance Projects & Property Management Services Limited3 December 2020
Catsex TechnologiesDeccan Value Investors LP and DVI PE (Mauritius) Limited15 December 2020
Asian Colour Coated Ispat LtdJSW Steel Coated Products26 October 2020
Amtek AutoDeccan Value Investor9 September 2020
Aircel Ltd, Dishnet Wireless, Aircel CellularUV Asset Reconstruction Company9 June 2020
Uttam Galva MetalicsConsortium of Carval Investors LLP and Nithiya Capital Resources Advisors LLP30 April 2020
Odisha Slurry Pipeline Infrasructure LimitedArcelorMittal 03 March 2020
Bhushan Power & Steel LtdJSW05 September 2019
Sevenhills Healthcare Pvt LtdDr Shetty’s New Medical Centre26 July 2019
Ruchi SoyaPatanjali Ayurveda24 July 2019
Orchid PharmaDhanuka Laboratories 27 June 2019
Korba West Power CompanyAdani Power24 June 2019
Jyoti StructuresGroup of HNIs led by Sharad Sanghi27 March 2019
Essar SteelArcelor Mittal and Nippon Steel08 March 2019
Alok IndustriesReliance Industries-JM Financial ARC08 March 2019
Binani CementUltratech Cement14 November 2018
Monnet Ispat & Energy LtdJSW and AION Capital24 July 2018
MBL InfrastructuresAnjani Kumar Lakhotia18 April 2018
Source: IBBI

3 thoughts on “Resolution Plans

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

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