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Home/ Cases/ Food & Agro/ Aban Offshore Limited
● Under CIRP

Aban Offshore Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI list of newly admitted cases

Offshore drilling company (crude petroleum and gas extraction) with drilling rigs in different parts of the world., with its registered office in Chennai.

Sector Food & Agro Bench NCLT Chennai Last process activity 10 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 11 months ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
1 yr 1 mo
This case
NCLT Chennai median · 1 yr 1 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 493 / 4,609). Pre-packs left out.
The company
Listed public limited company in Food & Agro, registered in Tamil Nadu
Admitted claims
Over ₹2,000 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Resolution plan or liquidation
How cases like this ended
Food & Agro · 540 closed
Resolved 24% · Liquidation 49% · Withdrawn or closed 27%
NCLT Chennai · 681 closed
Resolved 15% · Liquidation 60% · Withdrawn or closed 25%
Resolved cases in this sector: creditors' typical haircut 75.2% n=127
Liquidations in this sector: typical recovery 8.2% of claims n=67
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsIntelligence note
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