Resolved — plan approved
1Acquirer shown where the approved plan names one. Figures shown for outcomes in the last two quarters — the full financial record is member data.
| Corporate Debtor | Role / Appointed | Admitted | Realised | Rec vs LV | Duration |
|---|---|---|---|---|---|
|
SINNAR THERMAL POWER LIMITED
U70109DL2007PLC157316
→ acquired by Consortium of Maharashtra State Power Generation Company Limited ("MAHAGENCO") and NTPC Ltd. ("NTPC") ("Consortium/ Successful Resolution Applicant/ SRA")
|
IRP · Sep 2022
|
🔒 | 🔒 | 🔒 | 3y 2mo
to Nov 2025
|
Withdrawn / settled
2Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
AQUASHIELD CHEMTECH PRIVATE LIMITED
U24100DL2008PTC177091
Other Manufacturing |
IRP · Oct 2019
|
6y 11mo |
|
Lifetime Infotech Private Limited
U72200DL2006PTC147242
Other Services |
IRP · Sep 2019
|
6y 11mo |
Voluntary liquidations
8Solvent member-voluntary liquidations under s.59 — a separate mandate type from CIRP, and a different job: no creditors' committee, no resolution plan, a surplus to return.
Median time to dissolution12 mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 8
the tribunal's own order, field by field — expand a row for the dated sequence
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| IBAHN ILLUMINATION PRIVATE LIMITED U36998DL2016PTC299702
|
Voluntary Liquidator · Apr 2023 |
Rs 6 Cr | Rs 0 Cr | Rs 6 Cr | 2y 5mo to Sep 2025 |
| AGILION ENERGY PRIVATE LIMITED U40106HR2017FTC071340
|
Voluntary Liquidator · Oct 2023 |
— | — | — | in process |
| AES INDIA ENERGY SOLUTIONS PRIVATE LIMITED U40106HR2021FTC100189
|
Voluntary Liquidator · Dec 2024 |
— | — | — | in process |
| FOUNDATION FOR CIVILISATIONAL AND DEVELOPMENT STUDIES U73200DL2016NPL302300
|
Voluntary Liquidator · Jan 2019 |
Rs 0 Cr | — | — | 9 mo to Nov 2019 |
| RITCHIE BROS AUCTIONEERS INDIA PRIVATE LIMITED U74991DL2006FTC150592
|
Voluntary Liquidator · Feb 2024 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 14 mo to Apr 2025 |
| MAXAM INDIA PRIVATE LIMITED U74999DL2006FTC155331
|
Voluntary Liquidator · Mar 2025 |
— | — | — | in process |
| GRANDE GAMES INDIA PRIVATE LIMITED U74999KA2020FTC131691
8 dated steps in the orderSPECIAL BENCH, BENGALURU
|
Voluntary Liquidator · Dec 2022 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 12 mo to Dec 2023 |
| INDIGRAM SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED U84200DL1992PTC280014
|
Voluntary Liquidator · Jan 2019 |
Rs 0 Cr | — | Rs 0 Cr | 5 mo to Jul 2019 |
Figures shown where an outcome has been filed. The dated sequence inside a row is read from the tribunal's dissolution order itself, one field at a time, with the page it came from held against it. Regulation 37 (as amended with effect from 31 January 2024) sets 270 days from commencement where the creditors approved the resolution and 90 days where they were not required to — this page does not assign a per-case target, because whether creditors approved is recorded in these orders as prose and has not been classified. The comparison shown is the median of every voluntary liquidation on record: same statistic, same basis.
About this data: Figures come from the IBBI professional register, IBBI published data and public announcement records. Comparisons are medians across stressed.in's full IBBI universe. How every number is sourced, checked and corrected →.
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Activity & context · vs India's IP universe
Activity — mandate count1 mandates on record
Recovery vs liquidation value128.1%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 1
Typical time to outcome38 months
national median 16 months · median of 1 concluded mandates
Computed across stressed.in's IBBI universe — 8,500+ CIRPs · 5,400+ registered professionals; updates as records load. Ranks count mandates only and are not a quality score — recovery and duration depend on each company's condition and case mix as much as the professional.
Role mix
Resolution Professional3
Voluntary Liquidator8
Of these, 3 began as an IRP appointment — the interim role the tribunal fills on admission, before the committee of creditors confirms or replaces it.
Benches — his mandates vs the forum's tempo
New Delhi3 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Adarsh runs a median 38 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 17 months, weighted by how many of his cases each one holds —
so he is taking 642 days longer than the forums he files in.
Bench medians run across every concluded CIRP on record at that bench, not only this professional's. Duration turns on the company's condition and the tribunal's listing as much as on the professional — context, not a ranking.
Sector exposure
Other Manufacturing1
Real Estate & Housing1
Other Services1
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