Page 527 - ES 2020-21_Volume-1-2 [28-01-21]

154 Economic Survey 2020-21 Volume 1

Table A: Status of Twelve Large Accounts (Amount in ` crore)

Name of CD Claims of FCs Dealt Under Realisation Successful
Resolution by all Resolution Applicant
Amount Amount Realisation Claimants as
Admitted Realised as % of a percentage
Claims of Liquidation
Value
Completed
Electrosteel 13,175 5,320 40.38 183.45 Vedanta Ltd.
Steels Limited
Bhushan Steel 56,022 35,571 63.50 252.88 Bamnipal Steel Ltd.
Limited
Monnet Ispat & 11,015 2,892 26.26 123.35 Consortium of JSW and
Energy Limited AION Investments Pvt.
Ltd.
Essar Steel 49,473 41,018 82.91 266.65 Arcelor Mittal India
India Limited Pvt. Ltd.
Alok Industries 29,523 5,052 17.11 115.39 Reliance Industries
Limited Limited, JM Financial
Asset Reconstruction
Company Ltd.,
JMFARC – March 2018
Trust
Jyoti Structures 7,365 3,691 50.12 387.44 Group of HNIs led by
Limited Mr Sharad Sanghi.
Bhushan Power 47,158 19,350 41.03 209.12 JSW Limited
& Steel Limited
Jaypee 23,176 23,223 100.20 130.82 NBCC (India) Limited
Infratech
Limited
Amtek Auto 12,641 2,615 20.68 169.65 Deccan Value Investors
Limited L.P. and DVI PE
(Mauritius) Ltd.
Under Process
Era Infra Engineering Limited Under CIRP
Lanco Infratech Limited Under Liquidation
ABG Shipyard Limited Under Liquidation

Source: IBBI

4.61 Liquidation – Although the Code has rescued 308 CDs, 1112 CDs went into liquidation.
The CDs rescued had assets valued at ` 1.03 lakh crore, while the CDs (for which data are
available) referred for liquidation had assets valued at ` 0.43 lakh crore when they entered
the CIRP. Thus, in value terms, around three fourth of distressed assets were rescued. Till