Xl Energy Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 19 Apr 2024

Sector Electronics & Electricals Bench NCLT Hyderabad Last process activity 18 months ago · tribunal order

Acquired by

Consortium of Ms. Karishma Jain, Jupiter City Developers (I) Limited and Adwaita Navigations Private Limited

Named in the NCLT plan-approval order.

Case record

at a glance

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

Admission to plan approval

1 yr

This case

NCLT Hyderabad median · 1 yr 4 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 125 / 1,536). Pre-packs left out.

The company

Public limited company in Electronics & Electricals, registered in Telangana

Admitted claims

Over ₹2,000 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Resolved 50% · Liquidation 48% · Withdrawn or closed 2%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 Hyderabad · 483 closed

Resolved 26% · Liquidation 45% · Withdrawn or closed 29%

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

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

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 4 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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