IBBI Limited Insolvency case studies
IBBI Limited Insolvency · Put your knowledge to work in context.
The Limited Insolvency Examination (LIE) is the examination administered through the Insolvency and Bankruptcy Board of India (IBBI), the statutory regulator set up under the Insolvency and Bankruptcy Code, 2016. IBBI lists the LIE on its website alongside the Valuation Examination under a dedicated "Examination" section, and in July 2026 it published a syllabus for the Limited Insolvency Examination with effect from 1 October 2026. The IBBI Limited Insolvency case studies are 5 cases and about 3,014 words.
1The 330-Day Wall: CoC's Late Extension Request
Nexa Alloys Pvt Ltd was admitted to CIRP on 1 September 2024 on a financial creditor’s application for a ₹14 crore default. The RP constituted a CoC in which Bank P held 55% and NBFC Q held 45% voting share.
460 words, about 2 min2The Fund with an NPA in Its Portfolio
Orion Textiles Ltd is in CIRP. Meridian Capital Partners (MCP), a private equity fund, submits a resolution plan offering ₹80 crore to financial creditors.
622 words, about 3 min3Late Claims, a Decree, and a Related-Party Claimant
Verdant Agro Ltd entered CIRP on 1 March 2025. The RP published a claim notice with a last date of 15 March 2025.
638 words, about 3 min4The Forensic Audit's Four Transactions
Lumen Polymers Ltd entered CIRP on 1 April 2025. The RP’s forensic audit reveals four transactions: (1) payment of ₹2.5 crore to Lumen Traders, a related party, on 15 June 2023 for old raw-material supplies; (2) payment of ₹1.2 crore to Prime Logistics, an unrelated operational creditor, on 10 December 2024 for services rendered eight months earlier, made after Prime threatened legal action; (3) sale of factory land to Anand Properties, an unrelated buyer, on 1 August 2024 for ₹3 crore when the market value was ₹5 crore; and (4) creation of a charge over receivables in favour of Bank A on 1 March 2025 for an existing loan.
710 words, about 4 min5The Secured Bank's Section 52 Election
Cascade Chemicals Ltd is in liquidation. The liquidator has realised ₹10 crore from unencumbered assets, out of which ₹1 crore of liquidation and CIRP costs have been paid, leaving ₹9 crore for distribution.
584 words, about 3 min