1
Newly Admitted
115 live
The NCLT admits the case, a moratorium freezes all recovery action, and an Interim Resolution Professional takes control of the company. Creditors file claims; the true debt picture is still being collated.
For investors: the earliest signal in the system. Nothing is for sale yet — this is where you spot targets, start diligence, and watch which lenders are in, weeks before the formal window opens.
Browse newly admitted cases →
2
Inviting Expressions of Interest
27 open now
The Resolution Professional publishes Form G — the public invitation for resolution applicants. Eligibility criteria and submission deadlines are set. This is the formal doorway into a distressed acquisition.
For investors: the acquisition window. If you want to bid for the company, this is where you enter — every open deal here shows its EoI deadline so you know exactly how long the door stays open.
Browse open deals with live deadlines →
3
Under Evaluation
1,008 awaiting outcome
The EoI window has closed. Resolution plans are before the Committee of Creditors for negotiation and voting; the winning plan then goes to the NCLT for approval. The quietest stage — and the one nobody else tracks.
For investors: watch for the verdict. Outcomes here reset asset prices — and if no plan survives, the case tips to liquidation, where assets come to market piece by piece.
Browse cases under evaluation →
4
The verdict — every case exits one of three ways
Resolved
1,508
A resolution plan is approved: the company survives under new ownership, creditors take their negotiated recovery. The full record — recoveries, haircuts, who bought what — lives in the archive.
The resolved record →
Liquidation
3,184
2,155 in process · 1,029 dissolved
No viable plan — the company is wound up and assets are sold. In-process liquidations are a live asset market: plants, land and machinery under auction until the company is finally dissolved.
Liquidation cases →
Withdrawn
1,302
The promoter settles with creditors under Section 12A and the case is withdrawn before conclusion — often the fastest resolution of all, and a signal of promoters who fight to keep their company.
Withdrawn cases →
The parallel track: voluntary liquidation
2,585 solvent companies have chosen to wind up under Section 59 — an orderly exit, not distress. Tracked separately so the distress pipeline stays clean.
Voluntary liquidations →What moved this week
Admissions, plan approvals, liquidation orders and withdrawals — every stage change above is detected from NCLT & NCLAT orders and logged, weekly.
The freshness feed →The whole pipeline, on one desk
2,766 companies are under CIRP right now. Members track every stage above — with watchlists, weekly movement digests, and the archive of 4,692 concluded cases to benchmark against.