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Intelligence / The verdicts / Resolved

Resolved cases — what a rescue pays

Every NCLT-approved resolution plan since 2017 — what it paid, how long it took, who bought.

What a rescue pays

1,541rescues on record
22paise
kept per ₹1 admitted, median · haircut 78.1%
630days
median, admission → approval order · blue = the Code’s 330-day outer limit

Find the comparable

Filters and sorting open with a plan. See plans →

Showing 6 figure-bearing rows, newest first ₹ crore
Corporate debtor
Approved · time in CIRPbench · who filed
Haircutpaise per ₹1 · vs floors
Processrounds · CoC vote · vote→order · continuity
Acquirer
Explore
01Guruanand Silk Mills Private Limited
Textiles & Apparel
Sep 20261y 10mo in CIRP
₹29.60 Cradmitted claims
₹3.96 Crplan value
86.6%
2 rounds
Siddhachal Fab Private Limited
View case ↗
02Trig Guardforce Limited
Other Services
Sep 20261y 10mo in CIRP
₹1.00 Crplan value
2 rounds
Consortium of Mr. Upneet Saini and Mr. Narinder Pal Singh
View case ↗
03Zicom Electronic Security Systems Limited
Electronics & Electricals
Sep 20264y 1mo in CIRP
₹17.21 Crplan value
2 rounds · CoC 75.46%
Advaita Trading Private Limited
View case ↗
04Dr. Smiths Biotech Private Limited
Chemicals & Plastics
Sep 202617 mo in CIRP
₹19.58 Cradmitted claims
₹18.57 Crplan value
5.1%
2 rounds · CoC 100%
Ananta Medicare Limited
View case ↗
05Paymark Payment Technologies & Services Private Limited
IT, Telecom & Media
Sep 20261y 8mo in CIRP
₹1.70 Cradmitted claims
₹22.00 Lplan value
87.0%
1 round · CoC 100%
Standard Capital Markets Limited
View case ↗
06Ark Industries Private Limited
Steel & Metals
Sep 202616 mo in CIRP
₹215.39 Cradmitted claims
₹1.10 Crplan value
99.5%
1 round · CoC 100%
Sanjay Punglia Along with the Person Acting in Concert, Farmswipe Private Limited
View case ↗

MembersMembers also see how haircuts spread, where the time goes, what happened after approval, and the medians by claim size, sector, bench, year and who filed.See plans →Sign in

Approved since 30 Jun 2026 — 56 companies

Approved 30 Sep 2026Guruanand Silk Mills Private LimitedNCLT Mumbai · Textiles & ApparelApproved 30 Sep 2026Trig Guardforce LimitedNCLT Mumbai · Other ServicesApproved 24 Sep 2026Nirbhay Rasayan Private LimitedNCLT Mumbai · Chemicals & PlasticsApproved 24 Sep 2026Raninga Paper Mills Private LimitedNCLT Ahmedabad · Other ManufacturingApproved 24 Sep 2026Zicom Electronic Security Systems LimitedNCLT Mumbai · Electronics & ElectricalsApproved 23 Sep 2026Dr. Smiths Biotech Private LimitedNCLT Mumbai · Chemicals & Plastics

Members50 more plans approved since 30 Jun 2026 — the full list is on Pipeline and the Full Investor Desk.See plans →Sign in

The rescues everyone cites

1
Jaiprakash Associates LimitedConstruction & Infrastructure · Acquirer: Adani Enterprises Ltd
₹60,636.82 Cr admitted → ₹14,084.20 Cr plan value
haircut 76.8% · 89% of LVapproved Mar 2026
Open dossier →
2
Bhushan Steel Ltd.Steel & Metals · Acquirer: TATA Steel Limited
₹57,505.05 Cr admitted → ₹36,771.32 Cr plan value
haircut 36.1% · 253% of LVapproved May 2018
Open dossier →
3
Essar Steel India Ltd.Steel & Metals · Acquirer: ArcelorMittal India Pvt. Ltd.
₹54,565.22 Cr admitted → ₹42,231.78 Cr plan value
haircut 22.6% · 267% of LVapproved Mar 2019
Open dossier →

See all landmark cases →

MembersThe platform's note on each landmark, the professional, vote and acquirer on the newest approvals, and every row's quick view.See plans →Sign in

As of IBBI plan figures to 30 Jun 2026 · NCLT/NCLAT orders to 15 Oct 2026 · MCA as on 12 Jun 2026 · pre-packs (11) reported apart, IBBI basis.

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