Boulevard Projects Private Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 27 Feb 2023

Sector Real Estate & Housing Bench NCLT New Delhi Last process activity 18 months ago · claims re-verified

Acquired by

Max Estates Limited

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

4 yr

This case

NCLT New Delhi median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 275 / 1,536). Pre-packs left out.

The company

Private limited company in Real Estate & Housing, registered in Delhi

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Real Estate & Housing · 393 closed

Resolved 26% · Liquidation 27% · Withdrawn or closed 47%

NCLT New Delhi · 1,372 closed

Resolved 20% · Liquidation 37% · Withdrawn or closed 42%

Resolved cases in this sector: creditors' typical haircut 67.6% n=89

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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