Intelligence note
Admitted to insolvency on 27 Mar 2025 by the Mumbai bench, on a petition by DABIR DEVELOPERS PRIVATE LIMITED (a financial creditor). The admission order dates the default to 28 Aug 2023, 1.6 years before admission. Liquidation was ordered on 03 Sep 2026, 525 days after admission (median for concluded cases: 485 days).
Case details
CIN
U64200MH1996PLC103693
Incorporated
1996
Registered State
Maharashtra
NCLT Bench
Mumbai
Initiated by
FC — DABIR DEVELOPERS PRIVATE LIMITED
Date of Default (per admission order)
28 Aug 2023
Commencement
27 Mar 2025
Liquidation Order
03 Sep 2026
NCLT Mumbai: median 553 days admission → verdict · 34% of concluded matters ended in plan approval (n=1,245, full record) · all benches →
Recent movement
27 Mar 2025
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
20 Aug 2025
EoI window closed
EoI window closed | 1 round held
20 Aug 2025
Expressions of interest invited
RP: Mr. Laxmikant Yeshwant Desai
03 Sep 2026
Liquidation order passed
No resolution plan approved — assets liquidated
EoI / Form-G detail
Plan submission by
04 Sep 2025
Case timeline
27 Mar 2025
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
20 Aug 2025
EoI window closed
EoI window closed | 1 round held
20 Aug 2025
Expressions of interest invited
RP: Mr. Laxmikant Yeshwant Desai
03 Sep 2026
Liquidation order passed
No resolution plan approved — assets liquidated
Company
Legal name
EUROPEAN PROJECTS & AVIATION LIMITED
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
31 Oct 1996
Authorised capital
Rs 300.00 Cr
Paid-up capital
Rs 195.31 Cr
Industry (MCA)
Transport, storage and Communications
ROC
ROC Mumbai
Company status
Under CIRP
Registered address
Gala No.B-15, 3rd Floor, Electronic Sadan - I MIDC, TTC Industrial Area, Mahape,Navi Mumbai,Mumbai City,Maharashtra,400710-India
Claims filing history
Operational creditors ↓
2 ↓
3 ↓
4 ↓
Other stakeholders ↓
Secured FC — class of creditors ↓
Secured financial creditors ↓
FC — class of creditors (homebuyer-type) ↓
Unsecured financial creditors ↓
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Operational creditors | Rs 55.06 Cr | Rs 11.01 Cr | 20% |
| Unsecured financial creditors | Rs 29.84 Cr | Rs 29.54 Cr | 99% |
| FC — class of creditors (homebuyer-type) (list printed NIL) | Rs 0 | Rs 0 | — |
| Secured FC — class of creditors (list printed NIL) | Rs 0 | Rs 0 | — |
| Other stakeholders (list printed NIL) | Rs 0 | Rs 0 | — |
| Secured financial creditors (list printed NIL) | Rs 0 | Rs 0 | — |
| Total of listed classes | Rs 84.90 Cr | Rs 40.55 Cr | 48% |
Of Rs 84.90 Cr claimed across these classes, Rs 40.55 Cr stands admitted — 48 paise per Rs 1 claimed made it past verification.
v3 · latest
as on 25 Aug 2025 · filed by Mr. Laxmikant Yeshwant Desai
v2
as on 16 Jul 2025 · filed by Mr. Laxmikant Yeshwant Desai
v1
as on 17 Apr 2025 · filed by Mr. Manoj Kumar Jain
Sources, basis and disclaimers → ·
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This case vs IT, Telecom & Media
Time to liquidation order525 days
typical for this sector 361 days · median of 49
Key parties
IRP at commencement · replaced
Manoj Kumar Jain · Apr 2025
◆ RP changed during CIRP — IRP was replaced
CIRP initiated by
Dabir Developers Private Limited FC
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