Landmark cases · open in full
India’s landmark insolvency cases, read in full.
24 of the largest cases on the record — steel, power, telecom and infrastructure, each above Rs 1,000 crore of admitted claims — plus 6 small-ticket resolutions that show what a sub-Rs 1,000 crore deal looks like. Every dossier on this page is open without an account.
Figures are IBBI’s, Rs crore as filed · “paise per Rs 1” is what the approved plan pays against admitted claims, compared with the median of 22.9 paise across 1,385 approved plans on the record (pre-packs apart) · methodology · report an error
The largest cases
Admitted claims of Rs 1,000 crore and above, largest first.
01
Videocon Industries LimitedNCLT Mumbai · Acquirer: Twin Star Technologies Limited
Rs 64,961 Cradmitted claims
4.6 paise per Rs 1 to creditors — a Rs 2,960 Cr plan 18 paise below the median · plan approved Jun 2021 · 1,098 days in CIRP
02
Jaiprakash Associates LimitedNCLT Allahabad · Acquirer: Adani Enterprises Ltd
Rs 60,637 Cradmitted claims
23 paise per Rs 1 to creditors — a Rs 14,084 Cr plan at the median · plan approved Mar 2026 · 652 days in CIRP
03
Bhushan Steel Ltd.NCLT New Delhi · Acquirer: TATA Steel Limited
Rs 57,505 Cradmitted claims
64 paise per Rs 1 to creditors — a Rs 36,771 Cr plan 41 paise above the median · plan approved May 2018 · 293 days in CIRP
04
Essar Steel India Ltd.NCLT Ahmedabad · Acquirer: ArcelorMittal India Pvt. Ltd.
Rs 54,565 Cradmitted claims
77 paise per Rs 1 to creditors — a Rs 42,232 Cr plan 55 paise above the median · plan approved Mar 2019 · 583 days in CIRP
05
Lanco Infratech LimitedNCLT Hyderabad
Rs 53,451 Cradmitted claims
Sent to liquidation in Aug 2018 385 days in CIRP first
06
Bhushan Power & Steel LimitedNCLT New Delhi · Acquirer: JSW Steel Limited
Rs 47,902 Cradmitted claims
42 paise per Rs 1 to creditors — a Rs 19,895 Cr plan 19 paise above the median · plan approved Sep 2019 · 771 days in CIRP
07
Reliance Infratel LimitedNCLT Mumbai · Acquirer: Reliance Projects & Property Management Services Limited
Rs 41,055 Cradmitted claims
10 paise per Rs 1 to creditors — a Rs 4,267 Cr plan 12 paise below the median · plan approved Dec 2020 · 931 days in CIRP
08
Aircel LimitedNCLT Mumbai · Acquirer: UV Asset Reconstruction Company Limited
Rs 36,102 Cradmitted claims
18 paise per Rs 1 to creditors — a Rs 6,660 Cr plan 4 paise below the median · plan approved Jun 2020 · 820 days in CIRP
09
Alok IndustriesNCLT Ahmedabad · Acquirer: JM Financial Asset Reconstruction Company Limited and Reliance Industri…
Rs 30,707 Cradmitted claims
17 paise per Rs 1 to creditors — a Rs 5,115 Cr plan 6 paise below the median · plan approved Mar 2019 · 598 days in CIRP
10
Future Retail LimitedNCLT Mumbai
Rs 28,452 Cradmitted claims
Sent to liquidation in Jul 2024 740 days in CIRP first
11
KSK Mahanadi Power Company LimitedNCLT Hyderabad · Acquirer: JSW Energy Limited (JEL)
Rs 26,106 Cradmitted claims
108 paise per Rs 1 to creditors — a Rs 28,280 Cr plan 85 paise above the median · plan approved Feb 2025 · 1,960 days in CIRP
12
Jaypee Infratech LimitedNCLT Allahabad · Acquirer: Suraksha Realty Limited along with M/s. Lakshdeep Investments and Finan…
Rs 23,083 Cradmitted claims
88 paise per Rs 1 to creditors — a Rs 20,363 Cr plan 65 paise above the median · plan approved Mar 2023 · 2,036 days in CIRP
13
ABG Shipyard LimitedNCLT Ahmedabad
Rs 19,317 Cradmitted claims
Sent to liquidation in Apr 2019 632 days in CIRP first
14
Bharati Defence and Infrastructure LimitedNCLT Mumbai
Rs 17,582 Cradmitted claims
Sent to liquidation in Jan 2019 587 days in CIRP first · Rs 320 Cr distributed · dissolved Jan 2025
15
IVRCL LimitedNCLT Hyderabad
Rs 14,096 Cradmitted claims
Sent to liquidation in Jul 2019 518 days in CIRP first
16
Electrosteel Steels Ltd.NCLT Kolkata
Rs 13,958 Cradmitted claims
38 paise per Rs 1 to creditors — a Rs 5,320 Cr plan 15 paise above the median · plan approved Apr 2018 · 270 days in CIRP
17
Punj Lloyd LimitedNCLT New Delhi
Rs 13,390 Cradmitted claims
Sent to liquidation in May 2022 1,176 days in CIRP first
18
Reliance Naval and Engineering LimitedNCLT Ahmedabad · Acquirer: Hazel Mercantile Limited
Rs 12,884 Cradmitted claims
16 paise per Rs 1 to creditors — a Rs 2,043 Cr plan 7 paise below the median · plan approved Dec 2022 · 1,073 days in CIRP
19
Amtek Auto LimitedNCLT Chandigarh · Acquirer: Deccan Value Investors L.P. and DVI PE (Mauritius) Ltd.
Rs 12,848 Cradmitted claims
20 paise per Rs 1 to creditors — a Rs 2,619 Cr plan 2 paise below the median · plan approved Jul 2020 · 1,081 days in CIRP
20
Gitanjali GemsNCLT Mumbai
Rs 12,558 Cradmitted claims
Sent to liquidation in Feb 2024 1,948 days in CIRP first
21
Ruchi Soya Industries LimitedNCLT Mumbai · Acquirer: consortium of Patanjali Ayurved Limited, Divya Yog Mandir Trust (throug…
Rs 12,146 Cradmitted claims
35 paise per Rs 1 to creditors — a Rs 4,223 Cr plan 12 paise above the median · plan approved Jul 2019 · 586 days in CIRP
22
Monnet Ispat & Energy Ltd.NCLT Mumbai · Acquirer: Consortium of AION Investments Private II Limited and JSW Steel Limited
Rs 11,478 Cradmitted claims
25 paise per Rs 1 to creditors — a Rs 2,917 Cr plan 3 paise above the median · plan approved Jul 2018 · 371 days in CIRP
23
Pancard Clubs LimitedNCLT Mumbai · Acquirer: Chemhub Tradelink Private Limited
Rs 8,934 Cradmitted claims
7.8 paise per Rs 1 to creditors — a Rs 697 Cr plan 15 paise below the median · plan approved Apr 2024 · 594 days in CIRP
24
Deccan Chronicle Holdings Ltd.NCLT Hyderabad · Acquirer: SREI Multiple Asset Investment Trust-Vision India Fund
Rs 8,349 Cradmitted claims
4.5 paise per Rs 1 to creditors — a Rs 378 Cr plan 18 paise below the median · plan approved Jun 2019 · 698 days in CIRP
Small-ticket examples
Recent resolutions below Rs 1,000 crore of admitted claims.
25
Gf Toll Road Private LimitedNCLT Mumbai · Acquirer: V K Gupta & Associates
Rs 501 Cradmitted claims
16 paise per Rs 1 to creditors — a Rs 81.83 Cr plan 7 paise below the median · plan approved Feb 2026 · 488 days in CIRP
26
Shubhada Tool Industries Private LimitedNCLT Mumbai · Acquirer: Cian Agro Industries & Infrastructure Limited
Rs 58.13 Cradmitted claims
16 paise per Rs 1 to creditors — a Rs 9.38 Cr plan 7 paise below the median · plan approved Mar 2026 · 431 days in CIRP
27
Evyavan Mercantile Private LimitedNCLT Mumbai · Acquirer: Mr. Bijay Kumar Dokania
Rs 48.26 Cradmitted claims
0.9 paise per Rs 1 to creditors — a Rs 45.00 L plan 22 paise below the median · plan approved Feb 2026 · 844 days in CIRP
28
Redkenko Health Tech Private LimitedNCLT Mumbai · Acquirer: MKS Constro-Venture Private Limited
Rs 25.68 Cradmitted claims
15 paise per Rs 1 to creditors — a Rs 3.90 Cr plan 8 paise below the median · plan approved Mar 2026 · 458 days in CIRP
29
Pushp Ratna Realty Private LimitedNCLT Indore · Acquirer: Mr. Rajendra Hirani
Rs 23.96 Cradmitted claims
73 paise per Rs 1 to creditors — a Rs 17.53 Cr plan 50 paise above the median · plan approved Mar 2026 · 509 days in CIRP
30
Classic Corrugations Private LimitedNCLT Ahmedabad · Acquirer: Sonal Sumit Mehta jointly with Credex Trading
Rs 14.60 Cradmitted claims
48 paise per Rs 1 to creditors — a Rs 7.07 Cr plan 26 paise above the median · plan approved Mar 2026 · 433 days in CIRP
Which cases appear here is a hand-picked list; every figure beside them is from the public record, verbatim. Admitted claims and plan value are IBBI’s figures at approval (liquidation rows: at the liquidation order); days in CIRP run from the insolvency commencement date to the approval or liquidation order. All resolved cases →All liquidations →Sources and disclaimers