The Decision Skilled (RP) appointed for Aban Offshore Ltd, which is presently present process Company Insolvency Decision Course of, has sought curiosity for belongings of the corporate. This contains three offshore oil drilling rigs and workplace area in Chennai.
The NCLT, Chennai, on September 1 admitted Aban Offshore Ltd for insolvency decision following a petition filed by Punjab Nationwide Financial institution. The financial institution, a monetary creditor, had moved the petition underneath Part 7 of the Insolvency and Chapter Code, 2016, for a default quantity of ₹366 crore, the corporate mentioned.
The RP has issued an commercial searching for curiosity for belongings of the corporate through which 4 belongings have been listed. These comprise three offshore oil drilling rigs; 4 flooring with a mixed space of 39,789 sq ft of workplace in Janapriya Crest in Egmore, Chennai; and a 1,300 sq ft house in Kapadia Condo, third flooring, Vile Parle East in Mumbai.
There may be additionally open land in Tirunelveli district in a number of places like Pazhavoor, Perugudi half 1 & 2, Radhapuram, Dhanakkalum, Perugudi half 1, Iayyanarooth, with a complete land of 1,097.78 acres, the commercial mentioned.
The RP clarified that the EoI was issued solely for the aim of assessing market curiosity and shall not be construed as a proposal on the market, invitation to bid or solicitation of any bidding proposal.
The NCLT order mentioned that the corporate offered mortgage to an extent of 1,000 acres of land positioned at Tirunelveli district and ‘paripassu’ second cost on 11 rigs owned by the wholly owned subsidiary—Aban Holdings Pvt Ltd—as safety for the mortgage.
On the time of submitting this report, the corporate’s share value was buying and selling at ₹24.75, up by ₹1.17.
Revealed on December 22, 2025
