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Home/ Cases/ Electronics & Electricals/ Aditya Vidyut Appliances Limited
✓ Resolved — plan approved

Aditya Vidyut Appliances Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 12 Aug 2024

Sector Electronics & Electricals Bench NCLT Mumbai Last process activity 23 months ago · tribunal order
Acquired by
Consortium of SKM Steels Limited and Mr. Shankar Sevia Pawar
Named in the NCLT plan-approval order.
One consolidated plan for 2 companies
The NCLT approved one resolution plan on 12 Aug 2024 for 2 companies whose insolvency processes were consolidated. The figures on this page are for the whole group; the order does not split them by company.
Also in this plan: Aditya Fabrication Private Limited.

Case record

at a glance

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

Admission to plan approval
4 yr 11 mo
This case
NCLT Mumbai median · 1 yr 10 mo
All India median · 1 yr 8 mo
Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.
The company
Public limited company in Electronics & Electricals, registered in Maharashtra
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Expression of Interest invited→Resolution plan approved
How cases like this ended
Electronics & Electricals · 84 closed
Resolved 50% · Liquidation 48% · Withdrawn or closed 2%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 83.5% n=40
Liquidations in this sector: typical recovery 2.3% of claims n=32
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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 11 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note
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