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Home / RP Tracker / Ajit Gyanchand Jain

Ajit Gyanchand Jain UNCLAIMED PROFILE

Insolvency Professional · Gujarat · Active since 2019
IPA ICAI IIIPI Bench Ahmedabad · West Reg IBBI/IPA-001/IP-P00368/2017-18/10625 CPE 150 credits
Wholesale and Retail TradeConstructionReal Estate
This profile is unclaimed, so no direct contact is listed. Request an introduction →
Career composition · 16 CIRP mandates
5
2
9
Resolved 5 Liquidation 2 Under CIRP 9
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 5 Liquidation 2 Under CIRP 9 Voluntary 1 Standing
Mandates
16cases
Top 5% by mandate count · last appointed Dec 2024
Claims Managed
Rs 2,345Cr
across 6 cases with figures
Realised for Creditors
Rs 332Cr
14.2% of admitted claims
Resolved
5cases
71% resolution rate
Recovery vs LV
98.8%
2 of 3 beat the floor
Typical CIRP Time
19 months
nationally 16 months
Largest Mandate
Rs 2,140 Cr
SARE GURUGRAM PRIVATE L…

Resolved — plan approved

5
Acquirer shown where the approved plan names one. Figures shown for outcomes in the last two quarters — the full financial record is member data.
Corporate DebtorRole / AppointedAdmittedRealisedRec vs LVDuration
MAXIMAA SYSTEMS LIMITED
L27100GJ1990PLC014129
→ acquired by Mr. Prasanna Sai Raghuveer Kandula
IRP · Nov 2022
🔒 🔒 🔒 17 mo
to Apr 2024
DARSHAN DEVELOPERS PRIVATE LIMITED
U45200MH2003PTC143256
→ acquired by Shiv Infra Vision Properties Private Limited
IRP · Jul 2021
🔒 🔒 🔒 3y 11mo
to Jun 2025
GLOBECON COMMERCIAL SERVICES PRIVATE LIMITED
U51420MH1990PTC056580
→ acquired by Hangji Global Limited
IRP · Jan 2021
RP · Feb 2021
🔒 🔒 🔒 10 mo
to Nov 2021
SARE GURUGRAM PRIVATE LIMITED
U70109DL2006PTC152635
→ acquired by Consortium of KGK Realty (India) Private Limited and Dhoot Infrastructure Projects Ltd.
IRP · Mar 2021
RP · Apr 2021
🔒 🔒 🔒 2y 1mo
to Apr 2023
COAST REALTORS PRIVATE LIMITED
U70109DL2015PTC276831
→ acquired by Wealth Clinic Pvt. Ltd
IRP · Jul 2022
RP · Aug 2022
🔒 🔒 🔒 1y 6mo
to Feb 2024

Liquidation — order passed

2
1 of 2 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates2on this professional's record
Taken to dissolution11 still in process
Order to dissolution38 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
VAMAN TEXTILES PRIVATE LIMITED
U17120GJ2008PTC054340
RP · Dec 2020
Liquidator · Mar 2021
🔒 🔒 🔒 9 mo
to Mar 2021
Panache Exports Private Limited
U51900MH1991PTC064179
Liquidator · Sep 2022
🔒 🔒 🔒 2y 9mo
to Sep 2022
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

9
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1181–270d
8past 330d
Longest-running live mandate: GEOPRENEUR CORP PRIVATE LIMITED at 1,601 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
GEOPRENEUR CORP PRIVATE LIMITED
U45400MH2013PTC245665
Construction & Infrastructure
IRP · May 2022
1,601d past 330d limit Under CIRP
MABSOOT BUILDHOMES INDIA PRIVATE LIMITED
U70109DL2013PTC254691
Real Estate & Housing
IRP · Feb 2022
IRP · Feb 2022
IRP · May 2023
IRP · May 2023
RP · Jun 2023
RP · Jun 2023
1,239d past 330d limit Inviting EoI
BROWNISH REALTY PRIVATE LIMITED
U45201UP2019PTC123297
Construction & Infrastructure
IRP · Jul 2023
RP · Aug 2023
1,166d past 330d limit Inviting EoI
DRASTEE REALCON PRIVATE LIMITED
U45209UP2019PTC123293
Construction & Infrastructure
IRP · Jul 2023
RP · Aug 2023
1,166d past 330d limit Inviting EoI
PERPENDICULAR CONSTRUCTION PRIVATE LIMITED
U45400UP2019PTC123302
Construction & Infrastructure
IRP · Jul 2023
RP · Aug 2023
1,166d past 330d limit Inviting EoI
COAST TOWN PLANNERS PRIVATE LIMITED
U70100DL2015PTC278572
Real Estate & Housing
IRP · Aug 2023
RP · Sep 2023
1,139d past 330d limit Inviting EoI
RAJESH CITYSPACES PRIVATE LIMITED
U70109MH2012PTC232929
Real Estate & Housing
IRP · Jan 2024
RP · Feb 2024
981d past 330d limit Inviting EoI
AS INFRACON PRIVATE LIMITED
U51109WB1998PTC087733
Trading & Distribution
IRP · Oct 2024
RP · Dec 2024
692d past 330d limit Under CIRP
NIRMAL LIFESTYLE LIMITED
U92411MH1999PLC122542
Hospitality & Leisure
IRP · Aug 2021
IRP · Aug 2021
IRP · Aug 2021
IRP · Aug 2021
257d in extension Inviting EoI
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

1
Solvent 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.
Typical time to dissolution1y 8mo median across every VL on record — none of these mandates has reached dissolution yet
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
RAINBOW WEAVERS AND PROCESSORS LIMITED
U99999MH1979PLC021252
Voluntary Liquidator · May 2019
in process
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 →.
Report an error →
Activity & context · vs India's IP universe
Activity — mandate countTop 5% of 2,365 ranked
At Ahmedabad bench — by mandate countTop 10% of 130
Recovery vs liquidation value98.8%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 3
Typical time to outcome19 months
national median 16 months · median of 7 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 Professional32
Liquidator2
Voluntary Liquidator1
Of these, 14 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
Mumbai6 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
New Delhi4 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Allahabad3 mandates
Bench median 21 months to outcome · 45% resolved (103 concluded cases)
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Ajit runs a median 19 months to outcome across 7 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 moving at the pace of his own forums, within a month either way.
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
Construction & Infrastructure5
Real Estate & Housing5
Trading & Distribution3
Steel & Metals1
Textiles & Apparel1
Hospitality & Leisure1

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