Updated List of Stakeholder''s Consultation Committee as on 22nd December 2025
Awaiting price reaction for this filing.
Ushdev International Ltd has filed an updated Stakeholder's Consultation Committee list as part of its ongoing liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016. Total admitted claims stand at approximately ₹1,193.5 crore (₹11,935 crore in absolute terms, with formatting reflecting lakhs/crores per document). Secured financial creditors hold the largest share, led by State Bank of India (21.8%), IDBI Bank (10.98%), Bank of Baroda (9.63%), and ICICI Bank (9.30%). Other major claimants include the VAT Department of Maharashtra (8.22%) and the Income Tax Department (3.92%). The document is being maintained by the appointed Liquidator, indicating the company has already moved past the Corporate Insolvency Resolution Process (CIRP) into liquidation. No claims have been received from shareholders, signalling that equity holders are unlikely to receive any recovery.
This filing confirms that the company is in active liquidation with massive debt overhang of over ₹1,193 crore and no shareholder claims — meaning equity holders are effectively written off. Existing shareholders should expect no recovery, and any trading in this stock is purely speculative on residual asset value.