PBA Infrastructure Limited

Corporate insolvency resolution — proceedings ongoing · source: NCLT admission order, before the public announcement

Business: not described in the order, which refers to arbitral-award receivables 'in respect of Srinagar, Nagpur Sica, Udhampur and GVK projects'. Formerly Prakash Building Associates Limited; a listed company.

Sector Construction & Infrastructure Bench NCLT Mumbai Last process activity 21 days ago · public announcement · active

Case record

at a glance

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

In the insolvency process for

23 days

This case

NCLT Mumbai median · 1 yr 6 mo

All India median · 1 yr 3 mo

Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.

The company

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

Where the process stands

Admitted→Public announcement→Resolution plan or liquidation

How cases like this ended

Construction & Infrastructure · 779 closed

Resolved 25% · Liquidation 34% · Withdrawn or closed 41%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

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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Company & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note

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