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Home/ Cases/ Construction & Infrastructure/ Somerset Construction Private Limited
● Under CIRP

Somerset Construction Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI register

Real estate development company, Mumbai (Form G). Its asset is land at Village Adivali, Taluka Panvel, Raigad (Sr. nos. 37, 42/10/B, 42/10/E, 89A and 90B part); no revenue and no employees.

Sector Construction & Infrastructure Bench NCLT Mumbai Last process activity 3.2 years ago · claims re-verified

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 3 years ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Under CIRP. An Expression of Interest (EoI) invitation is open — it closes in 10 days.

In the insolvency process for
3 yr 2 mo
This case
NCLT Mumbai median · 1 yr 6 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 1,249 / 4,616). Pre-packs left out.
The company
Private limited company in Construction & Infrastructure, registered in Maharashtra
Admitted claims
₹100–500 Cr
Where the process stands
Admitted→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Construction & Infrastructure · 780 closed
Resolved 25% · Liquidation 34% · Withdrawn or closed 41%
NCLT Mumbai · 1,758 closed
Resolved 25% · Liquidation 48% · Withdrawn or closed 27%
Resolved cases in this sector: creditors' typical haircut 67.8% n=180
Liquidations in this sector: typical recovery 0.3% of claims n=43
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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