Liquidation — order passed
44 of 4 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates4on this professional's record
Taken to dissolution40 still in process
Distributed vs liquidation value2,800.0%across 1 case with both figures · whole record 79.7%
Order to dissolution40 moaverage over 4 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
PROLINE INFRA-TRADING PRIVATE LIMITED
U51109MH2010PTC204465
|
RP · Jan 2019
|
🔒 | 🔒 | 🔒 | 9 mo
to Jul 2019
|
|
DHARAM PAUL METAL PRIVATE LIMITED
U51420MH2005PTC152167
|
RP · Jan 2019
|
🔒 | 🔒 | 🔒 | 7 mo
to May 2019
|
|
Spice Infra Trading Private Limited
U51909MH2010PTC204878
|
RP · Jan 2019
|
🔒 | 🔒 | 🔒 | 11 mo
to Jul 2019
|
|
OPTIC ADVISORY SERVICES PRIVATE LIMITED
U74140MH2010PTC204051
|
RP · Jan 2019
|
🔒 | 🔒 | 🔒 | 8 mo
to Jun 2019
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
Under CIRP — live
1Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
Longest-running live mandate: SHANTAI EXIM LIMITED at 2,789 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
SHANTAI EXIM LIMITED
U51909GJ2004PLC114953
Trading & Distribution |
IRP · Feb 2019
|
2,789d past 330d limit | Under CIRP |
Admitted claims and recovery are determined only as each case concludes, so figures appear here once an outcome is reached. The day count runs from the insolvency commencement date (s.12 IBC). A case past 330 days is not a default by the professional: the Supreme Court struck the word “mandatorily” from that proviso in CoC of Essar Steel v Satish Kumar Gupta (2019), and time lost to the tribunal's own listing is counted in the figure. Read it as runway, not as a verdict.
Voluntary liquidations
6Solvent 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 dissolution2y 6mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 6
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 |
|---|---|---|---|---|---|
| SHAH FERROUS PRIVATE LIMITED U27101MH2007PTC174382
|
Voluntary Liquidator · Jan 2025 |
Rs 1 Cr | Rs 1 Cr | Rs 0 Cr | 14 mo to Mar 2026 |
| NESCO HOSPITALITY PRIVATE LIMITED U55204MH2014PTC260414
|
Voluntary Liquidator · Jan 2022 |
Rs 3 Cr | Rs 0 Cr | Rs 3 Cr | 2y 6mo to Aug 2024 |
| Ghode Gold Finance Private Limited U65999MH2018PTC307749
|
Voluntary Liquidator · Nov 2024 |
— | — | — | in process |
| CA MEDIA INDIA ADVISORS PRIVATE LIMITED U74110MH2011FTC222117
|
Voluntary Liquidator · Jan 2019 |
Rs 3 Cr | Rs 0 Cr | Rs 2 Cr | 6y 3mo to Apr 2025 |
| GALLUS INDIA PRIVATE LIMITED U74120MH2011FTC219447
6 dated steps in the orderMumbai Bench-I
|
Voluntary Liquidator · Nov 2017 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 6y to Dec 2023 |
| LIFEWATCH HEALTHCARE INDIA PRIVATE LIMITED U74900TN2011FTC083813
|
Voluntary Liquidator · Nov 2017 |
Rs 1 Cr | Rs 0 Cr | Rs 0 Cr | 11 mo to Oct 2018 |
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 count5 mandates on record
Typical time to outcome8 months
national median 16 months · median of 4 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 Professional5
Voluntary Liquidator6
Of these, 1 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
Mumbai4 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Ajay runs a median 8 months to outcome across 4 concluded mandates.
The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds —
so he is closing 297 days faster 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
Trading & Distribution4
Other Services1
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