Intelligence note
Aircel group resolved together (Aircel Ltd + Dishnet + Aircel Cellular); admitted claims & realisable booked under Dishnet, only liquidation value (1606.27) shown here.
Claims at a glance
FC 68%
OC 32%
Total admitted ₹36,101.92 Cr
Case details
CIN
U32201MH1994PLC284030
Incorporated
1994
Registered State
Maharashtra
NCLT Bench
Mumbai
Initiated by
CD — Aircel Ltd.
Defunct / BIFR
No
Commencement
12 Mar 2018
Outcome Date
09 Jun 2020
Admitted Claims
₹36,101.92 Cr
Liquidation Value
₹1,606.27 Cr
Realisable Amount
₹6,659.60 Cr
Recovery vs Claims
18.45%
Recovery vs LV
414.60%
NCLT Mumbai: median 571 days admission → verdict · 38% of concluded matters ended in plan approval (n=967, full record) · all benches →
Recent movement
Case timeline
12 Mar 2018
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
2 years 2 months elapsed · admission → resolution
09 Jun 2020
Resolution plan approved
Haircut 81.55%
Company
Legal name
AIRCEL LIMITED
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
20 Dec 1994
Authorised capital
₹20,000 Cr
Paid-up capital
₹8,334.77 Cr
Industry (MCA)
Manufacturing (Machinery and Equipments)
ROC
ROC Mumbai
Company status
Active — company survived resolution
Registered address
OPUS CENTRE, 47, CENTRAL ROAD OPPOSITE TUNGA PARADISE, MIDC,ANDHERI E,Mumbai City,Maharashtra,400093-India
Source: MCA Company / LLP Master Data — registry snapshot; figures are as on the stated date, not live.
Claims profile
Admitted claims by creditor class
FC 68%
OC 32%
CLASS
ADMITTED
Financial creditors
₹19,831.79 Cr
Operational creditors
₹9,151.50 Cr
Total
₹36,101.92 Cr
admitted total/FC/OC from IBBI outcome file (crores); claimed & 9-category pending /claims scrape
Source: IBBI outcome data / Reg 31(5)(d) claims list · crores as filed · admitted "pending" = under collation or verification, not zero.
Committee of creditors
CoC composition not yet recorded for this case. Sourced from NCLT filings — added over time.
About this data: Case data is assembled from NCLT/NCLAT orders, IBBI public announcements, quarterly outcome records and the MCA registry. See how every number is sourced, checked and corrected →.
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This case vs Electronics & Electricals
Haircut — 81.6%10.6 pts worse
sector avg 71.0% · 40 resolutions
Rec vs LV — 414.6%-167.2 pts
sector avg 581.8%
Duration — 820d134d slower
sector avg 686d
Size rank in sector#1 of 40
Computed live across stressed.in's IBBI universe — every recorded Electronics & Electricals outcome of this type.
Key parties
Resolution Professional
12 IBBI mandates · 275.4% of liquidation value realised across concluded work
IRP at commencement
Vijay Kumar V Iyer → · Mar 2018
CIRP initiated by
Aircel Ltd. CD
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
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