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Home/ Cases/ Trading & Distribution/ Dasve Retail Limited
● Under CIRP

Dasve Retail Limited

Corporate insolvency resolution — proceedings ongoing

Sector Trading & Distribution Bench NCLT Mumbai Last process activity 22 months ago · Form G EoI deadline
Same admitted claims as 3 related companies
IBBI's list of creditors for this company as on 23 May 2022 shows admitted claims of ₹6,642.39 Cr, the same total, on the same date, as for Dasve Convention Center Limited, Warasgaon Assets Maintenance Limited, Warasgaon Power Supply Limited. The same debt can be admitted in each company's process (for example as a guarantor or co-obligor), so these totals should not be added together.

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 5.4 years ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Mumbai bench on its own application. Current status: Under CIRP.

In the insolvency process for
5 yr 8 mo
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,244 / 4,609). Pre-packs left out.
The company
Public limited company in Trading & Distribution, registered in Maharashtra
Admitted claims
Over ₹2,000 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Trading & Distribution · 812 closed
Resolved 15% · Liquidation 58% · Withdrawn or closed 27%
NCLT Mumbai · 1,753 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 80.6% n=112
Liquidations in this sector: typical recovery 0.0% of claims n=113
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Admitted claims & creditor classesCommittee of creditorsCompany & MCA recordTimeline & key dates · 2 tribunal ordersProfessionalsIntelligence note
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