Bhatia Coke and Energy Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 20 Jun 2022

Sector Power & Energy Bench NCLT Chennai Last process activity 4 months ago · tribunal order

Acquired by

Consortium of Earth Elements Development Company Pvt. Ltd. and Mahavir Coal Washeries Pvt. Ltd.

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

3 yr

This case

NCLT Chennai median · 1 yr 9 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 99 / 1,536). Pre-packs left out.

The company

Public limited company in Power & Energy, registered in Tamil Nadu

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Power & Energy · 214 closed

Resolved 28% · Liquidation 45% · Withdrawn or closed 27%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 82.0% n=58

Liquidations in this sector: typical recovery 4.7% of claims n=37

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 12 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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