Landmark cases
India’s landmark insolvency cases, read in full.
24 of India’s largest insolvency cases and 6 small-ticket resolutions — every dossier open without an account.
Figures are IBBI’s, ₹ crore as filed · paise per ₹1 against the median of 22.0 across 1,449 approved plans (pre-packs apart) · methodology · report an error
Where the 30 landmark cases ended
22plan approved7sent to liquidation1still under CIRP
Paid more than the 22.0 paise median10
Paid less than the median10
of the 20 approved plans that carry a figure · paise per ₹1 of admitted claims
The largest cases
01
Videocon Industries LimitedNCLT Mumbai
₹64,939 Cradmitted claims
Under CIRP An earlier resolution plan did not stand
02
Jaiprakash Associates LimitedNCLT Allahabad · Acquirer: Adani Enterprises Ltd
₹60,637 Cradmitted claims
23 paise per ₹1 to creditors — a ₹14,084 Cr plan
1 paise above the median · plan approved Mar 2026 · 652 days in CIRP
03
Bhushan Steel Ltd.NCLT New Delhi · Acquirer: TATA Steel Limited
₹57,505 Cradmitted claims
64 paise per ₹1 to creditors — a ₹36,771 Cr plan
42 paise above the median · plan approved May 2018 · 293 days in CIRP
04
Essar Steel India Ltd.NCLT Ahmedabad · Acquirer: ArcelorMittal India Pvt. Ltd.
₹54,565 Cradmitted claims
77 paise per ₹1 to creditors — a ₹42,232 Cr plan
55 paise above the median · plan approved Mar 2019 · 583 days in CIRP
05
Lanco Infratech LimitedNCLT Hyderabad
₹53,451 Cradmitted claims
Sent to liquidation in Aug 2018 after 385 days in CIRP
06
Bhushan Power & Steel LimitedNCLT New Delhi · Acquirer: JSW Steel Limited
₹47,902 Cradmitted claims
42 paise per ₹1 to creditors — a ₹19,895 Cr plan
20 paise above the median · plan approved Sep 2019 · 771 days in CIRP
07
Reliance Infratel LimitedNCLT Mumbai · Acquirer: Reliance Projects & Property Management Services Limited
₹42,425 Cradmitted claims
Plan approved Dec 2020 no paise figure on the record · 933 days in CIRP
08
Alok IndustriesNCLT Ahmedabad · Acquirer: JM Financial Asset Reconstruction Company Limited and Reliance Industri…
₹30,707 Cradmitted claims
17 paise per ₹1 to creditors — a ₹5,115 Cr plan
5 paise below the median · plan approved Mar 2019 · 598 days in CIRP
09
Future Retail LimitedNCLT Mumbai
₹28,452 Cradmitted claims
Sent to liquidation in Jul 2024 after 740 days in CIRP
10
KSK Mahanadi Power Company LimitedNCLT Hyderabad · Acquirer: JSW Energy Limited
₹26,106 Cradmitted claims
Plan approved Feb 2025 no paise figure on the record · 1,960 days in CIRP
Which cases appear here is a hand-picked list; every figure beside them is from the public record. Admitted claims and plan value are IBBI’s figures at approval (liquidation rows: at the liquidation order); days in CIRP run from the insolvency commencement date to the approval or liquidation order. All resolved cases →All liquidations →Sources and disclaimers