Kaveri Gas Power Limited — Liquidation — Closed (sold as going concern)

Kaveri Gas Power Limited

Corporate insolvency — liquidation closed; company sold as a going concern · source: NCLT order, 10 May 2024

Sector Power & Energy Bench NCLT Chennai Last process activity 2.4 years ago · tribunal order

Case record

at a glance

Admitted by the Chennai bench on a petition by a financial creditor. Current status: Liquidation — Closed (sold as going concern).

Admission to liquidation order

10 mo

This case

NCLT Chennai median · 11 mo

All India median · 1 yr 1 mo

Medians: time from admission to a liquidation order, over closed cases (n = 394 / 3,073). Pre-packs left out.

The company

Private limited company in Power & Energy, registered in Tamil Nadu

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Liquidation ordered→Sold as a going concern

How cases like this ended

Power & Energy · 214 closed

Resolved 28% · Liquidation 45% · Withdrawn or closed 27%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

Resolved cases in this sector: creditors' typical haircut 82.0% n=58

Liquidations in this sector: typical recovery 4.7% of claims n=37

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Admitted claims & creditor classesRecovery & distributionCommittee of creditorsCompany & MCA recordTimeline & key dates · 5 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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