Ujaas Energy Limited

Corporate insolvency resolution — resolution plan approved · source: order listed by IBBI, 13 Oct 2023

Sector Electronics & Electricals Bench NCLT Ahmedabad Last process activity 7 months ago · tribunal order

Acquired by

Consortium of SVA Family Welfare Trust and M&B Switchgears

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Ahmedabad bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

3 yr

This case

NCLT Ahmedabad median · 1 yr 6 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 143 / 1,536). Pre-packs left out.

The company

Listed public limited company in Electronics & Electricals, registered in Madhya Pradesh

Admitted claims

₹100–500 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Electronics & Electricals · 84 closed

Resolved 50% · Liquidation 48% · Withdrawn or closed 2%

NCLT Ahmedabad · 629 closed

Resolved 23% · Liquidation 49% · Withdrawn or closed 28%

Resolved cases in this sector: creditors' typical haircut 83.5% n=40

Liquidations in this sector: typical recovery 2.3% of claims n=32

Subscriber access

Full case intelligence is gated

This page's financial detail is available to stressed.in subscribers — for ARCs, PE funds and resolution professionals.

9 sections of this case are locked.

Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 6 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

See plans →

Sources, basis and disclaimers → ·

report an error