Ushdev International liquidation e-auction of all assets on 6 Aug 2026

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Liquidator is selling all Ushdev International assets via e-auction on 6 Aug 2026 under IBC liquidation. Assets include Mumbai and Pune office premises (reserve about 33 crore), commercial plots in Raigad (about 17 crore), 13 wind turbines across Tamil Nadu, Karnataka, Rajasthan and Gujarat (about 12 crore), and equity shares plus receivables worth about 104 crore, including 97 crore in Uttam Galva Ferrous shares. Total reserve exceeds 160 crore. Sale is on as-is-where-is basis through the BAANKNET portal.

Likely market impact

Equity holders rank last in the IBC liquidation waterfall and are unlikely to recover meaningful value as the company is being wound up.