Every company the NCLT ordered into liquidation out of CIRP, 2017 to date: why no plan cleared, what the assets fetched against the liquidation value, paise recovered per rupee, the two clocks and the estates coming to auction now — benchmarked by sector, claim size and bench.
1.6paiseper Rs 1 of admitted claims, median · dissolved estates only
2,066estates still open · 1,104 dissolved · 16 closed after a going-concern sale
The estates desk six figure-bearing estates public · the full desk for members
Find the comparable estate
Narrow by why it ended here, status, sector, claim size, bench, year, Form G rounds or auctions; the benchmark line recomputes for the selection and every row opens to the plan count, the estate, the auctions and what came after. The liquidator is the professional who ran the CIRP in 1,644 of the 2,908 estates where both are named on the record for that round.
Benchmark for this selection · n 1,120
median recovery 1.7 paise per Rs 1 on 886 dissolved (+0.1p against the national median in the tiles above) · median 327 d admission → order (94 d faster than national) · median 803 d order → dissolution · 100% dissolved (national 35%) · 81% saw no plan at all
Showing 6 figure-bearing estates, newest order firstRs crore
MembersThe comparables behind every estate — how recoveries spread, where the time goes, and median recovery and days by claim size, sector, bench, year, who filed and whether the debtor was still trading.See plans →Sign in
Assets under the hammer 1,418 estates carry e-auction notices · 9,908 notices to 30 Sep 2026 · all auctions →
E-auctions scheduled on liquidation estates — 84 ahead
The next sale date on each estate with an auction still to come, with what the notice says is on offer and where it is being sold. Reserve prices are on the notices themselves and are not reproduced here.
Not Readily Realisable Assets (NRRA) - PUFE Transaction filed before the Hon'ble NCLT, Bengaluru Bench, application u/s 43 of IBC 2016 bearing IA(I.B.C)/685/BEN/2025 in Company Petition No.120 of 2024 in the matter of Kordash Handlers and Logistics Private Limited (In Liquidation) Note : Certain assets of the Corporate Debtor in the nature of investments and/or other assets have been valued at NIL. Such assets shall be clubbed with and assigned along with the aforesaid PUFE asset/claim, as a composite package
Bangalore · cirp.kordash@gmail.com · Construction & Infrastructure · notice ↗
Land, Building, Plant & Machinery: Land admeasuring 55.14 acres(*) and building structure with two Units of Plant & Machinery installed for the commercial production of duplex paper board with 180-400 gsm having overall capacity up to 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu – 626131
Members61 more liquidation orders since 30 Jun 2026, each with its clock, Form G rounds, auction notices and liquidator — on Pipeline and the Full Investor Desk.See plans →Sign in
Depth on few showcase dossiers · open in full
The liquidations everyone cites
The largest showcase estates by admitted claims, each with the platform's own note beside the record.
Liquidation was ordered on 27 Aug 2018. On 26 Sep 2022 the NCLT approved KRS Erectors Private Limited's plan to acquire the company as a going concern (Rs 4 crore upfront plus Rs 1 crore towards litigation). On 28 May 2024 the NC…
Rs 53,451 Cr admittedordered Aug 2018 · still open
Admitted on Bank of India's petition over a default of Rs 856.10 Cr. On 23 Apr 2024 the NCLAT took a landlord's property out of the CIRP, reversing the NCLT's order of 05 Oct 2023.
Rs 28,452 Cr admittedordered Jul 2024 · still open
Two Supreme Court rulings came out of this liquidation. On 19 Apr 2022 the court held that wages for work done during the CIRP are CIRP costs; on 26 Aug 2022 it held that the IBC prevails over the Customs Act once the moratorium …
Rs 19,317 Cr admittedordered Apr 2019 · still open
IVRCL LimitedConstruction & Infrastructure · 1 plan received, none approved
Raghava Square won the going-concern auction (reserve Rs 1,200 Cr, confirmed 27 Dec 2021) but did not pay, and the liquidator cancelled the sale on 28 Jul 2023. The NCLT upheld the cancellation on 05 Feb 2025 but allowed 30 days …
Rs 14,096 Cr admittedordered Jul 2019 · still open
Liquidation as a going concern was ordered on 27 May 2022. On 12 Feb 2026 the NCLT allowed the sale of the company as a going concern to Adani Infra (India) Limited for Rs 281.10 crore; the sale certificate is dated 10 Mar 2026. …
The RP applied for liquidation on 22 Apr 2019, once the CIRP period had run out without an extension; the liquidation order came on 07 Feb 2024. Most of the 1,948 days from admission is that application's wait, not the CIRP.
Rs 12,558 Cr admittedordered Feb 2024 · still open
How the liquidations on this record reconcile to IBBI's published cumulative, and where the two counts are measuring different stages of the same process.
3,074IBBI's count of CIRPs ended in liquidation as at 30 Jun 2026
3,012Ours, like-for-like to the same cut-off
-62Difference, documented case by case
107Carry no liquidation order date on our record
How the two counts reconcile
Our count in the tiles above, less the orders made after IBBI's cut-off (the register above) and the rows carrying no order date, gives the like-for-like figure. Dissolutions are the larger gap: our dissolution date comes from the final-report table, while IBBI's headline counts final reports submitted — a stage-slice difference, stated, before it is a coverage one. Forty-seven dissolved estates carry no liquidation order date at all; for those the order date is honestly unknown, and they sit outside every clock on this page. Voluntary liquidations are a separate population and are not in this count.
Aggregate sale proceeds against aggregate liquidation value: 89.7% on 997 estates carrying both figures — a sum-of-sums, not the median in the card above, and the two differ because a handful of large estates dominate the sum.
For scale, IBBI records 1,484 CIRPs ended in an approved resolution plan over the same period — two liquidations for every rescue.
As of IBBI liquidation and final-report tables to 30 Jun 2026 · NCLT/NCLAT orders to 25 Sep 2026 · e-auction notices to 30 Sep 2026 · MCA as on 12 Jun 2026 · voluntary liquidations reported apart.