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Home/ Cases/ Construction & Infrastructure/ Asr Engineering and Projects Limited
● Under CIRP

Asr Engineering and Projects Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: laying of water pipelines, projects, construction of roads and buildings, and electrical contracts; registered office at Vidyut Nagar, Ananthapur, Andhra Pradesh.

Sector Construction & Infrastructure Bench NCLT Amaravati Last process activity 11 months ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 22 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 Amaravati bench on a petition by a financial creditor. Current status: Under CIRP.

In the insolvency process for
2 yr
This case
NCLT Amaravati median · 1 yr 3 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 65 / 4,609). Pre-packs left out.
The company
Public limited company in Construction & Infrastructure, registered in Andhra Pradesh
Admitted claims
₹500–2,000 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Construction & Infrastructure · 779 closed
Resolved 25% · Liquidation 34% · Withdrawn or closed 41%
NCLT Amaravati · 102 closed
Resolved 19% · Liquidation 46% · Withdrawn or closed 35%
Resolved cases in this sector: creditors' typical haircut 67.8% n=180
Liquidations in this sector: typical recovery 0.3% of claims n=43
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7 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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