Intelligence note
IBBI Vol 7 T8: RP 2018-04-17; FC claims 13175.14cr, realisable 40.38% of claims / 183.45% of LV. Large account (>1000cr); RBI 12 large account, RA Vedanta Ltd. (%-claims 40.38 per Table 8; narrative stated 38.11 — table used).
◆ Flagged as the dominant case of the quarter — 17.29% of resolved claims.
Claims at a glance
FC 94%
OC 6%
Total admitted ₹13,958.36 Cr
Case details
CIN
L27310JH2006PLC012663
Incorporated
2006
Registered State
Jharkhand
NCLT Bench
Kolkata
Initiated by
FC — State Bank of India
Defunct / BIFR
0
Commencement
21 Jul 2017
Outcome Date
17 Apr 2018
Admitted Claims
₹13,175.14 Cr
Liquidation Value
₹2,899.98 Cr
Realisable Amount
₹5,320.00 Cr
Recovery vs Claims
40.38%
Recovery vs LV
183.45%
NCLT Kolkata: median 504 days admission → verdict · 45% of concluded matters ended in plan approval (n=361, full record) · all benches →
Recent movement
Case timeline
21 Jul 2017
CIRP commenced
Insolvency proceedings began · NCLT Kolkata
During process
Resolution Professional
Dhaivat Anjaria
9 months elapsed · admission → resolution
17 Apr 2018
Resolution plan approved
Haircut 59.62%
Company
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
20 Dec 2006
Authorised capital
₹10,020 Cr
Paid-up capital
₹1,849.03 Cr
Industry (MCA)
Manufacturing (Metals and Chemicals, and products thereof)
ROC
ROC Ranchi
Company status
Active — company survived resolution
Registered address
ESL Steel Limited, Village -Siyaljori, Post �?? Jogidih, O.P. �?? Bangaria, PS- Cha,ndankyari,Bokaro Steel City,Bokaro,Jharkhand,828303-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 94%
OC 6%
CLASS
ADMITTED
Financial creditors
₹13,175.14 Cr
Operational creditors
₹783.22 Cr
Total
₹13,958.36 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 →.
Report an error →
This case vs Steel & Metals
Haircut — 59.6%12.3 pts better
sector avg 71.9% · 156 resolutions
Rec vs LV — 183.5%+35.5 pts
sector avg 148.0%
Duration — 270d435d faster
sector avg 705d
Size rank in sector#3 of 156
Computed live across stressed.in's IBBI universe — every recorded Steel & Metals outcome of this type.
Key parties
Resolution Professional
Dhaivat Anjaria
IRP at commencement
Dhaivat Anjaria → · Jul 2017
CIRP initiated by
State Bank of India FC
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
Get full access
Weekly intelligence digest, RP tracker, live case movement and sector analysis for ARCs, PE funds and resolution professionals.
Request access →