Intelligence note
IBBI Vol 7 T8: RP 2018-05-15; FC claims 56022.06cr, realisable 63.49% of claims / 244.63% of LV. Large account (>1000cr); RBI 12 large account, RA Tata Steel via Bamnipal Steel Ltd. (realisable 35571cr / 63.49% per Table 8; narrative stated 36771 / 63.94 — table used). Distinct from Bhushan Energy (Vol 11).
◆ Flagged as the dominant case of the quarter — 73.53% of resolved claims.
Claims at a glance
FC 97%
OC 3%
Total admitted ₹57,505.05 Cr
Case details
CIN
L74899DL1983PLC014942
Incorporated
1983
Registered State
Delhi
NCLT Bench
New Delhi
Initiated by
FC — State Bank of India
Defunct / BIFR
0
Commencement
26 Jul 2017
Outcome Date
15 May 2018
Admitted Claims
₹56,022.06 Cr
Liquidation Value
₹14,541.00 Cr
Realisable Amount
₹35,571.00 Cr
Recovery vs Claims
63.49%
Recovery vs LV
244.63%
NCLT New Delhi: median 549 days admission → verdict · 38% of concluded matters ended in plan approval (n=532, full record) · all benches →
Recent movement
Case timeline
26 Jul 2017
CIRP commenced
Insolvency proceedings began · NCLT New Delhi
10 months elapsed · admission → resolution
15 May 2018
Resolution plan approved
Haircut 36.51%
Company
Legal name
TATA STEEL BSL LIMITED
Type
Public · Company limited by shares
Listing
Listed
Incorporated
07 Jan 1983
Authorised capital
₹33,520 Cr
Paid-up capital
₹19,918.69 Cr
Industry (MCA)
Business Services
ROC
ROC Delhi
Company status
Amalgamated
Registered address
GROUND FLOOR, MIRA CORPORATE SUITES PLOT NO 1 & 2, ISHWAR NAGAR, MATHURA ROA,D,NEW DELHI,South Delhi,Delhi,110065-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 97%
OC 3%
CLASS
ADMITTED
Financial creditors
₹56,022.06 Cr
Operational creditors
₹1,482.99 Cr
Total
₹57,505.05 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 Other Services
Haircut — 36.5%28.9 pts better
sector avg 65.4% · 153 resolutions
Rec vs LV — 244.6%-3602.7 pts
sector avg 3,847.3%
Duration — 293d431d faster
sector avg 724d
Size rank in sector#2 of 153
Computed live across stressed.in's IBBI universe — every recorded Other Services outcome of this type.
Key parties
Resolution Professional
12 IBBI mandates · 275.4% of liquidation value realised across concluded work
IRP at commencement
Mr Vijay Kumar V Iyer → · Jul 2017
CIRP initiated by
State Bank of India FC
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
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