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Success Stories

Bhushan Energy – thermal power plant in Orissa

  • Immediate clamp put on all leakage/siphoning

  • Successful resolution – India’s largest steel manufacturer won the bid

  • Bank balance multiplied 2500 times during CIRP period. CD had half the bid value in its bank account on the date of take-over by the successful bidder

  • Minimal litigation in the CIRP

  • Smooth transition and handover to new management

Emerald Lands -  Luxury golf based real estate project – 300 acres – 500 units

  • Golf course with 9 holes, revived and smoothly run by Resolution professional at a fractional cost compared to period before start of insolvency

  • 100% votes in favour of resolution plan, including home buyers

  • Entire payment by resolution applicant made in one shot immediately after approval of the resolution plan

  • Strong revival of the project envisaged with clear milestones for completion of project

North India’s largest resolution done as RP – Rs 1100+ crores recovery for lenders in the plan

Liquidations – successfully liquidated two companies so far, with excellent auction results and maximum possible recovery for creditors. Dissolved both companies (one filed for dissolution, other dissolved)

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