Intelligence note
IBBI Vol 34 T5 Part B: RP 2025-02-13; admitted 26106.23cr, 108.33% to claimants (over-recovery). WHALE — flagship of quarter.
◆ Flagged as the dominant case of the quarter — 57.22% of resolved claims.
Claims at a glance
FC 89%
OC 11%
Total admitted ₹26,106.23 Cr
Case details
CIN
U40300TG2009PLC064062
Incorporated
2009
Registered State
Telangana
NCLT Bench
Hyderabad
Initiated by
FC — Power Finance Corporation Ltd.
Defunct / BIFR
0
Commencement
03 Oct 2019
Outcome Date
13 Feb 2025
Admitted Claims
₹26,106.23 Cr
Liquidation Value
₹6,848.80 Cr
Fair Value
₹9,947.74 Cr
Realisable Amount
₹28,279.76 Cr
Recovery vs Claims
108.33%
Recovery vs LV
412.92%
NCLT Hyderabad: median 485 days admission → verdict · 52% of concluded matters ended in plan approval (n=218, full record) · all benches →
Recent movement
Valuations & recovery
Fair value
₹9,947.74 Cr
Liquidation value
₹6,848.80 Cr
Recovery vs fair value
284.28%
Recovery vs liquidation value
412.92%
Case timeline
03 Oct 2019
CIRP commenced
Insolvency proceedings began · NCLT Hyderabad
26 Apr 2024
EoI invited
RP: Mr. Sumit Binani
5 years 4 months elapsed · admission → resolution
13 Feb 2025
Resolution plan approved
Haircut -8.33% (surplus)
Company
Legal name
JSW MAHANADI POWER COMPANY LIMITED
Type
Public · Company limited by shares
Listing
Unlisted
Incorporated
19 Jun 2009
Authorised capital
₹10,000.01 Cr
Paid-up capital
₹0.07 Cr
Industry (MCA)
Electricity, Gas and Water companies
ROC
ROC Hyderabad
Company status
Active — company survived resolution
Registered address
8001, Survey No. 109, Q-City,,Nanakramguda, Gachibowli,Hyderab,Seri Lingampally,K.V.Rangareddy,Telangana,500032-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 89%
OC 11%
CLASS
ADMITTED
Financial creditors
₹23,230.33 Cr
Operational creditors
₹2,875.90 Cr
Total
₹26,106.23 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 Power & Energy
Haircut — -8.3%81.8 pts better
sector avg 73.5% · 58 resolutions
Rec vs LV — 412.9%-895.5 pts
sector avg 1,308.4%
Duration — 1,960d1,050d slower
sector avg 910d
Size rank in sector#2 of 58
Computed live across stressed.in's IBBI universe — every recorded Power & Energy outcome of this type.
Key parties
Resolution Professional
9 IBBI mandates · 329.2% of liquidation value realised across concluded work
IRP at commencement · replaced
Mahender Kumar Khandelwal → · Oct 2019
◆ RP changed during CIRP — IRP was replaced
CIRP initiated by
Power Finance Corporation Ltd. FC
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
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