Claims at a glance
FC 100%
Total admitted ₹12,558.16 Cr
Case details
CIN
L36911MH1986PLC040689
Incorporated
1986
Registered State
Maharashtra
NCLT Bench
Mumbai
Initiated by
FC
Commencement
08 Oct 2018
Liquidation Order
07 Feb 2024
Admitted Claims
₹12,558.16 Cr
NCLT Mumbai: median 574 days admission → verdict · 38% of concluded matters ended in plan approval (n=971, full record) · all benches →
E-auction record
Price discovery: reserve ₹37.3 Cr at first notice (07 Oct 2025) → ₹60.6 Cr at latest (15 Jun 2026) · +62% across 5 notices
15 Jun 2026
Reserve ₹60.6 Cr · In the said auction notice for Option – M, address of the asset was mentioned as Plot No. 16(P), 17, 18 and 29, however, it should be read as: Plot No. 16(P), … · Mumbai and Surat · eBKray
15 Jun 2026
Reserve ₹60.6 Cr · Flats, Offices and Plot in SEEPZ · Mumbai and Surat · eBKray
23 Mar 2026
Reserve ₹31.8 Cr · The Liquidator in Consultation with the Committee members has proposed to sale the assets of the Corporate Debtor. · Mumbai · eBKray
07 Oct 2025
Reserve ₹37.3 Cr · This is with reference to the Sale Notice issued by the Liquidator of Gitanjali Gems Limited, on September 2, 2025, in The Financial Express (All India English… · Mumbai · Others
07 Oct 2025
Reserve ₹37.3 Cr · The Liquidator in Consultation with the Committeemembers has proposed to sale the assets of the Corporate Debtor · Mumbai · Others
09 May 2025
The Liquidator in Consultation with the Committee members has proposed to sale the assets of the Corporate Debtor. The Reserve price for Option A to E is not c… · Mumbai · eBKray
IBBI liquidation e-auction notices · asset intelligence, not realisation — a reserve is an asking price, never a recovery.
Recent movement
Case timeline
08 Oct 2018
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
07 Feb 2024
Liquidation order passed
No resolution plan approved — assets liquidated
Company
Type
Public · Company limited by shares
Listing
Listed
Incorporated
21 Aug 1986
Authorised capital
₹167.25 Cr
Paid-up capital
₹118.62 Cr
Industry (MCA)
Manufacturing (Others)
ROC
ROC Mumbai
Company status
Under Liquidation
Registered address
A-1, 7th Floor, Laxmi Tower Bandra Kurla Complex, Bandra (East),Mumbai,Maharashtra,400051-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 100%
CLASS
ADMITTED
Financial creditors
₹12,558.16 Cr
Operational creditors
₹0.00 Cr
Total
₹12,558.16 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 →.
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This case vs Other Manufacturing
Duration — 1,948d1,361d slower
sector avg 587d
Size rank in sector#2 of 386
Computed live across stressed.in's IBBI universe — every recorded Other Manufacturing outcome of this type.
Key parties
Liquidator
23 IBBI mandates · 123.5% of liquidation value realised across concluded work
IRP at commencement · replaced
Sanjay Kumar Maria → · Oct 2018
◆ RP changed during CIRP — IRP was replaced
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