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Home/ Cases/ Power & Energy/ Palchan Bhang Power Private Limited
● Under CIRP

Palchan Bhang Power Private Limited

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

Business: special purpose vehicle for the 9 MW Palchan Bhang Hydro Electric Project in District Kullu, Himachal Pradesh, allotted on a BOOT basis; registered office in Manali.

Sector Power & Energy Bench NCLT Chandigarh Last process activity 15 months ago · public announcement

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

In the insolvency process for
1 yr 2 mo
This case
NCLT Chandigarh median · 1 yr 8 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 210 / 4,616). Pre-packs left out.
The company
Private limited company in Power & Energy, registered in Himachal Pradesh
Where the process stands
Admitted→Public announcement→Resolution plan or liquidation
How cases like this ended
Power & Energy · 214 closed
Resolved 28% · Liquidation 45% · Withdrawn or closed 27%
NCLT Chandigarh · 311 closed
Resolved 25% · Liquidation 43% · Withdrawn or closed 32%
Resolved cases in this sector: creditors' typical haircut 82.0% n=58
Liquidations in this sector: typical recovery 4.7% of claims n=37
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FinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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