Intelligence note
IBBI Vol 8 T6: RP 2018-07-24; FC claims 11014.91cr, realisable 26.26% of claims / 122.29% of LV. Large account (>1000cr); one of RBI 12 large accounts (RA: Consortium of JSW and AION). Resolution quarter for Monnet.
◆ Flagged as the dominant case of the quarter — 27.26% of resolved claims.
Claims at a glance
FC 96%
OC 4%
Total admitted ₹11,478.08 Cr
Case details
CIN
L02710CT1990PLC009826
Incorporated
1990
Registered State
data unavailable
NCLT Bench
Mumbai
Initiated by
FC — State Bank of India
Defunct / BIFR
0
Commencement
18 Jul 2017
Outcome Date
24 Jul 2018
Admitted Claims
₹11,014.91 Cr
Liquidation Value
₹2,365.00 Cr
Realisable Amount
₹2,892.12 Cr
Recovery vs Claims
26.26%
Recovery vs LV
122.29%
NCLT Mumbai: median 571 days admission → verdict · 38% of concluded matters ended in plan approval (n=967, full record) · all benches →
Recent movement
Case timeline
18 Jul 2017
CIRP commenced
Insolvency proceedings began · NCLT Mumbai
12 months elapsed · admission → resolution
24 Jul 2018
Resolution plan approved
Haircut 73.74%
Claims profile
Admitted claims by creditor class
FC 96%
OC 4%
CLASS
ADMITTED
Financial creditors
₹11,014.91 Cr
Operational creditors
₹463.17 Cr
Total
₹11,478.08 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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Key parties
Resolution Professional
9 IBBI mandates · 329.2% of liquidation value realised across concluded work
IRP at commencement
Sumit Binani → · Jul 2017
CIRP initiated by
State Bank of India FC
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
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