Besides, Lanco Infratech and Moser-Baer, the other seven firms that will be delisted are - Amar Remedies, Supreme Tex Mart, Samtel Color, Hindustan Dorr-Oliver, Servalakshmi Paper, LML and Hanung Toys and Textiles

Of the 12 big cases, just three companies - Bhushan Steel, Monnet Ispat and Electrosteel Steels - have been sold so far and the court ordered liquidation of Lanco Infratech and ABG Shipyard

The third largest lender had put Bhushan Power & Steel on sale in December 2018 but could not find a buyer

Meanwhile, 64 of these companies (or more than 16%) have received bids which are higher than the liquidation value of their assets under the Insolvency and Bankruptcy Code till March 31, 2019, according to the latest data from the Insolvency and Bankruptcy Board of India (IBBI).

The outstanding dues of the Unity Appliances Ltd are over Rs 153.77 crore, plus interest, from January 5, 2018. The Tamil Nadu-based company manufactures air conditioners and LED and LCD Television.

Briefing media after the meeting of the Cabinet Committee on Economic Affairs (CCEA), Finance Minister Arun Jaitley said approval has been given to an investment of Rs 10,439.09 crore for the 2x660 MW Buxar Thermal Power Project (Buxar TPP) in Bihar.

Of the 1484 companies admitted for resolution under IBC, 612 are from the broader manufacturing sector, which includes metals, textiles, food and beverages and machinery and equipment.

The stressed accounts, which also include Bhushan Power, Alok Industries, ABG shipyards, Amtek Auto, Lanco, Era Infrastructure and Jyoti Structures, owed nearly Rs 2.5 lakh crore to lenders.

In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several high-profile cases, which include Essar Steel, Bhushan Power and Steel, Videocon Group, Monnet Ispat, Amtek Auto, Ruchi Soya, Lanco Infratech, Jaypee Infratech among others.

India's conventional power sector is gaining from rise in demand, but a host of issues, especially financial health of discoms, remain a cause for concern.

Of the 1198 bankrupt companies admitted for resolution, just 52 are being sold until September end. The liquidation process has started in 212 cases. There are 816 cases pending for resolution.