Last updated on 2 Nov 2026

MERC is your AI analyst
for India’s distressed-asset market.

Connected company intelligence, from early signs of stress to insolvency, auctions and revival, with access to professional expertise.

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MERC / Intelligence Interactive overview

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Admissions to the Code

By commencement year

*2026 is a part year · commencement dates on record

How closed cases ended

CIRPs · pre-packs counted apart
Resolved 1,545Liquidation 3,197Withdrawn / settled 2,326
From the public record. computed 2 Nov 2026 on orders to 28 Oct 2026.Coverage & methodology →
One real company. The connected record.

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A manufacturer, its resolution professional and the plan that reached approval — connected through one case.

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Plan approvedSource-linked case story

Shubhada Tool Industries
Private Limited

NCLT Mumbai · U29248MH2014PTC254415
Resolution professional in the orderAtul Rajwadkar ↗
Successful resolution applicantCian Agro Industries &
Infrastructure Limited
Read the NCLT order · 24 Mar 2026 ↗
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Outcome intelligence

Approved plans give creditors a median 22 paise per ₹1 they claimed.

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Median approved provision for creditors
22paise per ₹1 of admitted claims

Across 1,449 approved plans with the figure on record.

Approved provision, not cash received.
Above the stated liquidation value

1,030 of 1,387 plans with both figures on record.

IBBI and NCLT records · pre-packs counted apart · computed 2 Nov 2026 on orders to 28 Oct 2026

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