Research & benchmarks, free from the public record.
Analysis and live benchmarks from India’s insolvency record — every figure traced to its order, free to read.
On the desk
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The sub-₹100 crore acquisition market, sized
Four in five approved resolutions on the record paid creditors ₹100 crore or less. This is where India's distressed M&A volume actually lives.
Read the analysis →Competition pays — but only at three bidders
In one Nagpur case a rival bid lifted the price 16%. Across 1,277 resolutions, competition helps less than that story suggests — and most of the gain comes at three bidders, not two.
Read the analysis →Structure beats cash: the plan that gave creditors a share of the toll booth
Most Indian resolution plans pay in cash, on a timetable. Only two in 1,483 tie creditors to the asset's future revenue — GF Toll Road is one of them.
Read the analysis →Bought back from the brink: resolutions after the CoC voted to liquidate
A ₹14,000 liquidation value, a 100% vote to shut it down — and a ₹45 lakh plan anyway. Evyavan is not alone: at least 16 approved plans arrived after the creditors had voted for liquidation.
Read the analysis →Live benchmarks
How concluded cases end
46% of concluded CIRPs ended in liquidation; an approved plan is the outcome in 22%.
What approved plans paid against admitted claims
Median haircut 78.1% — about 22 paise kept per rupee admitted. 62% of plans paid under 30 paise.
Table view
| Haircut on admitted claims | Plans | Share |
|---|---|---|
| Below zero · Plan value exceeded admitted claims | 30 | 2% |
| Under 40% · More than 60 paise in the rupee | 213 | 15% |
| 40% to 70% · Between 30 and 60 paise in the rupee | 312 | 21% |
| 70% and above · Under 30 paise in the rupee | 894 | 62% |
How long a CIRP takes at the five busiest benches
Median days from admission to verdict. National median 480 days.
The quarter, against the one before
April – June 2026: 196 companies admitted and 154 reached a verdict.
- April – June 2026
- Jan – Mar 2026
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Apply for access →As of NCLT/NCLAT orders to 15 Oct 2026 · the market aggregates on this page recompute on load, read 21 Oct 2026.
MethodologyGlossaryReport an error corrections are archived with their before-value.