List of Defaulters in the Indian Construction Industry

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Biltrax Construction Data has extensively reviewed resources in public domain & has come up with a list of companies which have been facing Insolvency proceedings over the last year.

This list is created & maintained in public interest & our purpose is to inform & protect the industry stakeholders from financial risks.

Please note that for some of these Companies, specific SPVs (Special Project Vehicles) are experiencing insolvency. This may not be the case for their parent organizations.

Readers are requested to exercise sound judgment while coming to conclusions regarding conducting business transactions with these organizations.

This is an ongoing list and will be updated periodically. All declarations here are backed by documentation from NCLT under Insolvency and Bankruptcy Code, 2016 and is subject to change. In case of any errors & comments please write back to us – contact@biltrax.com.

List of applications admitted by NCLT under Insolvency and Bankruptcy Code, 2016 

Date of Announcement Name of Corporate DebtorParent Company of Corporate DebtorRegion/StateDefault Reason
October 18, 2019 Rohtas Projects Ltd.___DelhiFailed to deliver possession of apartments
October 17, 2019 Atlantic Projects Ltd.___KolkataDefault on Loan
October 17, 2019 Avani Towers Pvt. Ltd.___KolkataFailed to return investments.
October 15, 2019 Sokhal Dreams Builder LLP___JaipurDefault on Loan
October 14, 2019 Vigneshwara Developer Pvt. Ltd.___DelhiFailed to deliver possession of apartments
October 13, 2019 Zaveri Constructions Pvt. Ltd.___MumbaiDefault on Loan
October 11, 2019 C&C Towers Ltd. C&C Constructions Ltd.GURGAONFailed to return investments.
October 11, 2019 Axiom Estates Advisory Services Pvt. Ltd.___KolakataNon-payment of Goods/Services
October 6, 2019 R K Jain Construction India Pvt. Ltd.___RaipurDefault on Loan
October 4, 2019 Supreme Infrastructure India Ltd.___MumbaiNon-payment of Goods/Services
October 4, 2019 Jasmine Buildmart Pvt. Ltd.___DelhiFailed to deliver possession of apartments
October 1, 2019 Shree Shankar Infratech Pvt. Ltd.___OdishaNon-payment of Goods/Services
September 30, 2019 D S Kulkarni Developers Ltd.___PuneDefault on Loan
September 30, 2019 Krishna Assets Developers Pvt. Ltd.___Uttar PradeshFailed to deliver possession of apartment
February 4, 1900Jaypee Infratech LtdJaypee GroupUttar PradeshDefault on Loan
February 4, 1900Crystal BuidtechKrish GroupHaryanaFailed to deliver possession of apartment
September 24, 2019 Bhattad Brothers Realty Pvt. Ltd.Bhattad GroupMumbaiDefault on Loan
September 24, 2019Rajesh Projects India Pvt. Ltd.RG GroupUttar PradeshFailed to deliver possession of apartment
September 23, 2019 Sana Realtors Pvt. Ltd.___DelhiFailed to deliver possession of apartment
September 23, 2019 Sargam Builders Pvt. Ltd.___KerelaDefault on Loan
September 21, 2019 Lokhandwala Infrastructure Pvt. Ltd.___MumbaiDues unpaid
September 17, 2019 Dewa Projects Pvt. Ltd.___KerelaDefault on Loan
September 14, 2019 ABW Infrastructure Ltd.___DelhiDues unpaid
September 13, 2019Pal Infrastructure and Developers Pvt. Ltd.___HaryanaDues unpaid
September 13, 2019Ambojini Property Developers Pvt. Ltd.Real Value Promotors Pvt LtdChennaiNon-payment of Goods/Services
September 12, 2019Manju J Homes India Ltd.___DelhiNon-payment of Goods/Services
September 4, 2019IVR Prime IT SezUnnati Fortune GroupUttar PradeshDefault on Loan
January 5, 1900Unnati Fortune Group___Uttar PradeshFailed to deliver possession of apartment
September 3, 2019 Dreamz Infra India Ltd.___BangaloreFailed to deliver possession of apartment
January 5, 1900RS Stones___RajasthanFailed to deliver possession of apartment
August 31, 2019 Redtopaz Real Estate Pvt. Ltd.Ninex GroupDelhiDues unpaid
August 30, 2019 Saluja Construction Co. LtdSalconDelhiDefault on Loan
August 30, 2019 Sparkspell Homes Pvt. Ltd.___Uttar PradeshDefault on Loan
August 30, 2019 Prius Commercial Projects Pvt. Ltd.___DelhiDefault on Loan
August 30, 2019 Meghalaya Infratech Ltd.___ MeghalayaDefault on Loan
August 29, 2019 Housing Development and Infrastructure Ltd. ___MumbaiDefault on Loan
August 27, 2019 Raheja Developers Ltd.___DelhiFailed to deliver possession of apartment
January 5, 1900Today Homes Noida Pvt. Ltd. Today Homes & Infrastructure Pvt. Ltd. (THIPL)Uttar PradeshFailed to deliver possession of apartment
August 24, 2019 Earthcon Infracon Pvt. Ltd.Earthcon ConstructionsDelhiNon-payment of Goods/Services
August 22, 2019 DBS Affordable Home Strategy Ltd.___GujaratNon-payment of Goods/Services
August 21, 2019 Laxmipati Balaji Infra Pvt. Ltd.___Madhya PradeshNon-payment of Goods/Services
August 17, 2019 Unishire Housing LLPUnishireBangaloreDefault on Loan
January 5, 1900 Raheja Developers Ltd.___New DelhiDues unpaid
August 14, 2019 Veracious Builders & Developers Pvt. Ltd.___BangaloreDues unpaid
August 14, 2019 Fortuna Buildcon India Pvt. Ltd. Fortuna Projects (India) Pvt. Ltd.BangaloreDefault on Loan
August 14, 2019 Fortuna Projects (India) Pvt. Ltd. BangaloreDefault on Loan
August 14, 2019 Fortuna Urbanscape Pvt. Ltd. Fortuna Projects (India) Pvt. Ltd.BangaloreDefault on Loan
August 8, 2019 Opto Infrastructure Ltd.Opto CircuitsBangaloreDefault on Loan
August 7, 2019 NRS Projects Pvt. Ltd.___GujaratDefault on Loan
August 2, 2019 Immortal Buildcon Pvt. Ltd.___DelhiNon-payment of Goods/Services
August 1, 2019 Devi Infradeveloper Pvt. Ltd.___RajasthanNon-payment of Goods/Services
July 30, 2019 Shilpraj Developers Pvt. Ltd.___GujaratNon-payment of Goods/Services
July 30, 2019 Ninex Developers Ltd.Ninex GroupDelhiDues unpaid
July 29, 2019 Rai Homes Universal Pvt. Ltd.___Madhya PradeshDefault on Loan
July 29, 2019 Payne Realtors Pvt. Ltd.___DelhiDefault on Loan
July 27, 2019 HBN Home Colonisers Pvt. Ltd.___DelhiNon-payment of Goods/Services
July 26, 2019 Kampilya Builders Pvt. Ltd.___BiharNon-payment of Goods/Services
July 21, 2019 Aadhaar Shri Infratech Pvt. Ltd.___DelhiNon-payment of Goods/Services
July 18, 2019 Sovereign Developers And Infrastructure Ltd.___BangaloreDues unpaid
July 18, 2019 Chamber Constructions Pvt. Ltd.RNA Corp Private LimitedMumbaiDefault on Loan
July 12, 2019 R. K. Constro Projects Pvt. Ltd.___Non-payment of Goods/Services
July 11, 2019 Oragadam City Developers Pvt. Ltd.___ChennaiDues unpaid
July 9, 2019 Gruha Kalyan Housing Projects Pvt. Ltd.___Failed to deliver possession of apartment
July 6, 2019 New Chennai Township Pvt. Ltd.Marg GroupChennaiDefault on Loan
July 6, 2019 Nice Projects Ltd.___DelhiNon-payment of Goods/Services
June 29, 2019 Klassic Constructions Pvt. Ltd.___MumbaiDefault on Loan
June 13, 2019 Lok Housing & Constructions Ltd.___MumbaiDefault on Loan
June 11, 2019 Laxmipati Balaji Infra Pvt. Ltd.___Madhya PradeshNon-payment of Goods/Services
June 1, 2019 Kamla Landmarc Group___MumbaiFailed to deliver possession of apartments
May 31, 2019 Shri Balaji Infradevelopers Pvt. Ltd.___Uttar PradeshDues unpaid
May 30, 2019 Gwalior Bypass Project Pvt. Ltd.Era Infra Engineering Ltd.DelhiDefault on Loan
May 29, 2019 TGB Realty Pvt. Ltd.___DelhiFailed to deliver possession of apartments
May 27, 2019 Venta Realtech Pvt. Ltd.___DelhiDefault on Loan
May 22, 2019 Earth buildprop Pvt. Ltd.Earth Infrasturctures Ltd.DelhiFailed to deliver possession of apartments
May 17, 2019 Raju Construction Co. &  Shelters Pvt. Ltd.___DelhiDefault on Loan
May 11, 2019 Sunshine Housing & infrastructure Pvt. Ltd.___MumbaiDefault on Loan
May 9, 2019 Kale Infra Projects Pvt. Ltd.___PuneNon-payment of Goods/Services
May 7, 2019 Yamuna Infradevelopers Pvt. Ltd._________DelhiDefault on Loan
May 7, 2019 Raj Buildhome Pvt. Ltd.Bhatia GroupRajasthanDefault on Loan
May 3, 2019 Aarti Infra Projects Pvt. Ltd.___NagpurDefault on Loan
May 2, 2019 Samruddhi Realty Ltd.___BangaloreDefault on Loan
April 26, 2019 Dignity Buildcon Pvt. Ltd.___DelhiNon-payment of Goods/Services
April 20, 2019 Octagon Builders & Promoters Pvt. Ltd.___NoidaNon-payment of Goods/Services
April 17, 2019 Ratandeep Infrastructure Pvt. Ltd.Uttar PradeshFailed to deliver possession of apartments
April 13, 2019 Leo Meridian Infrastructure Projects & Hotels Ltd.HyderabadDefault on Loan
April 8, 2019 SAPS Infrastructure Pvt. Ltd.MumbaiNon-payment of Goods/Services
April 8, 2019 Vasan Construction Company Pvt. Ltd.Tamil NaduFailed to pay outstanding dues
April 6, 2019 Lord Shiva Construction Co. Pvt. Ltd.DelhiNon-payment of Goods/Services
April 3, 2019 IDEB Projects Pvt. Ltd.IDEB IncBangaloreDefault on Loan
April 3, 2019 Royal Landmarks Housing & Developers Pvt. Ltd._________Tamil NaduNon-payment of Goods/Services
April 3, 2019 Rite Developers Pvt. Ltd._________MumbaiDefault on Loan
March 30, 2019 D. Thakkar Constructions Pvt. Ltd._________MumbaiNon-payment of Goods/Services
March 29, 2019 Scope Properties Pvt. Ltd._________Tamil NaduDefault on Loan
March 29, 2019 KST Infrastructure Ltd.Failed to deliver possession of apartments
March 29, 2019 Heera Construction Company Pvt. Ltd.Heera GroupGoaDefault on Loan
March 27, 2019 Celestial Estate Pvt. Ltd._________DelhiFailed to deliver possession of apartment
March 20, 2019 Deep Sea Developers Pvt. Ltd._________Tamil NaduDefault on Loan
February 23, 2019 Akhilesh Developers Pvt. Ltd._________MumbaiDefault on Loan
February 16, 2019 Morpheus Developers Pvt. Ltd.Morpheus GroupDelhiFailed to deliver possession of apartment
February 14, 2019 Omway Buildestate Pvt. Ltd.Omway IndiaDelhiDefault on loan

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