Six years of IBC - impact on Real Estate sector

Six years of IBC 2016 www.infralive.com 30 InfraLIVE January 15, 2023 Name of Real Estate Developers No. of Projects Date of start of CIRP Status of Resolution Plan (R.Pl). Remarks Dream Procon Pvt Ltd one 06.09.2019 No R.Pl. as yet Claims of Rs 378 cr admitted IVR Prime ITSEZ Pvt Ltd 2 19.09.2019 No R.Pl. as yet Claims of Rs121 cr admitted Rajesh Projects Pvt Ltd 8 19.09.2019 No R.Pl. as yet N.A. Soho Infrastructures Pvt Ltd one 30.09.2019 No R.Pl. as yet Claims of Rs 12 cr admitted Aftek Infrastructures Pvt Ltd one 23.10.2019 No R.Pl. as yet Claims of Rs 20 cr admitted Today Homes & Infrastructure Pvt Ltd one 30.10.2019 No R.Pl. as yet Claims of Rs 1,175 cr admitted Horizon Buildcon Pvt Ltd one 08.11.2019 No R.Pl. as yet N.A. ANS Apartments Pvt Ltd one 06.12.2019 No R.Pl. as yet Claims of Rs 321 cr admitted Three C Universal Developers Pvt Ltd - 17.12.2019 No R.Pl. as yet Claims of Rs 70 cr admitted Three C Home Pvt Ltd one 19.12.2019 No R.Pl. as yet Claims of Rs 125 cr admitted Gayatri Infra Planner Pvt Ltd one 02.01.2020 No R.Pl. as yet N.A. VGA Developers Pvt Ltd one 06.01.2020 Liquidation ordered on 01.09.2021; Claims of Rs 76 cr admitted. Earthcon Universal Infratech Pvt Ltd one 08.01.2020 No R.Pl. as yet Claims of Rs 572 cr admitted Palm Developers Pvt Ltd one 27.01.2020 No R.Pl. as yet Claims of Rs 91 cr admitted JBK Developers Pvt Ltd one 17.08.2020 No R.Pl. as yet N.A. Piyush IT Solutions Pvt Ltd one 28.10.2020 No R.Pl. as yet Claims of Rs 353 cr admitted KV Developers Pvt Ltd one 28.10.2020 No R.Pl. as yet Claims of Rs 204 cr admitted Arena Superstructures Pvt Ltd one 29.10.2020 No R.Pl. as yet Claims of Rs 767 cr admitted Clarion Township Pvt Ltd one 02.05.2021 No R.Pl. as yet Claims of Rs 62 cr admitted Sarvottam Realcon Pvt Ltd one 09.07.2021 NO R.Pl. as yet Claims of Rs 144 cr admitted Three C Green Developers Pvt Ltd one 23.12.2021 No R.Pl. as yet Claims of Rs 402 cr admitted Tresco Homes Pvt Ltd One 12.01.2022 No R.Pl. as yet N.A. Ansal Urban Condominium Pvt Ltd 4 10.03.2022 No R.Pl. as yet Claims of Rs 456 cr admitted Logix City Developers Pvt Ltd 4 22.03.2022 No R.Pl. as yet Claims of Rs 1,020 cr admitted Supertech Ltd 27 25.03.2022 No R.Pl. as yet. Claims of Rs 1,541 Cr admitted Ajnara India Ltd 13 20.09.2022 No R.Pl. N.A. Logix Infratech Ltd 5 29.09.2022 No R.Pl. Claims of Rs 288 cr admitted Tulsiani Construction & Developers Pvt Ltd 4 07.10.2022 No R.Pl. N.A. Concept Horizon Infra Pvt Ltd 2 14.10.2022 No R.Pl. N.A. Ansal Properties & Infrastructure Ltd 104 16.11.2022 No R.Pl. N.A. *Government appointed Board of directors is managing the affairs of the company since 20. 01.2020. Source: Websites of UP RERA, IBBI and Ministry of Corporate Affairs (MCA)