Piyush Shelters India Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 14 Jul 2021

Sector Power & Energy Bench NCLT Allahabad Last process activity 4.4 years ago · claims re-verified

Acquired by

Mr. Naveen Kumar Gupta As A Lead Member of Consortium of Maya Buildcon Pvt. Ltd, Geotech Homz Pvt. Ltd & Naveen Kumar Gupta

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

2 yr 7 mo

This case

NCLT Allahabad median · 1 yr 8 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 44 / 1,536). Pre-packs left out.

The company

Private limited company in Power & Energy, registered in Uttar Pradesh

Admitted claims

₹10–100 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Power & Energy · 214 closed

Resolved 28% · Liquidation 45% · Withdrawn or closed 27%

NCLT Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

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, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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