Parsvnath Developers Limited

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

Real estate. The order describes the company as the parent and main company of the Parsvnath Group, engaged in real estate in New Delhi.

Sector Construction & Infrastructure Bench NCLT New Delhi Last process activity 51 days ago · claims re-verified · active

Case record

at a glance

Admitted by the New Delhi bench. Current status: Under CIRP.

In the insolvency process for

5 mo

This case

NCLT New Delhi median · 1 yr 5 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 770 / 4,609). Pre-packs left out.

The company

Listed public limited company in Construction & Infrastructure, registered in Delhi

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Public announcement→Claims collected→Resolution plan or liquidation

How cases like this ended

Construction & Infrastructure · 779 closed

Resolved 25% · Liquidation 34% · Withdrawn or closed 41%

NCLT New Delhi · 1,372 closed

Resolved 20% · Liquidation 37% · Withdrawn or closed 42%

Resolved cases in this sector: creditors' typical haircut 67.8% n=180

Liquidations in this sector: typical recovery 0.3% of claims n=43

Subscriber access

This page's financial detail is available to merc.in subscribers — for ARCs, PE funds and resolution professionals.

6 sections of this case are locked.

Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 7 tribunal ordersProfessionalsIntelligence note

See plans →

report an error