Clarion Townships Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 4 Jul 2024

Sector Real Estate & Housing Bench NCLT New Delhi

Acquired by

Consortium of Lala Jugal Kishore Jewellers, Evanka Construction India Private Limited, Smoothway Realtors LLP and LJK Construction India Private 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

3 yr 2 mo

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

₹10–100 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Resolved 26% · Liquidation 27% · Withdrawn or closed 47%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Resolved 20% · Liquidation 37% · Withdrawn or closed 42%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

Subscriber access

Full case intelligence is gated

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

9 sections of this case are locked.

Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error