Resolved — plan approved
2Acquirer 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 |
|---|---|---|---|---|---|
|
CLASSIC CORRUGATIONS PRIVATE LIMITED
U21099GJ2011PTC065103
→ acquired by Sonal Sumit Mehta jointly with Credex Trading
|
RP · Jan 2025
IRP · Jan 2025
|
🔒 | 🔒 | 🔒 | 14 mo
to Mar 2026
|
|
SAURASHTRA SPECIALITIES PRIVATE LIMITED
U24133GJ2001PTC039805
→ acquired by Besto Tradelink Limited
|
IRP · Oct 2022
RP · Oct 2022
|
🔒 | 🔒 | 🔒 | 15 mo
to Feb 2024
|
Liquidation — order passed
62 of 6 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates6on this professional's record
Taken to dissolution24 still in process
Distributed vs liquidation value133.0%across 1 case with both figures · whole record 79.7%
Order to dissolution36 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
VAMAN TEXTILES PRIVATE LIMITED
U17120GJ2008PTC054340
|
IRP · May 2020
|
🔒 | 🔒 | 🔒 | 9 mo
to Mar 2021
|
|
CAMERICH PAPERS PRIVATE LIMITED
U21000GJ2014PTC080492
|
IRP · Feb 2024
|
🔒 | 🔒 | 🔒 | 14 mo
to May 2025
|
|
MANGLAM PAPER PRIVATE LIMITED
U21019GJ1981PTC004585
|
RP · Apr 2024
IRP · Apr 2024
|
🔒 | 🔒 | 🔒 | 12 mo
to Apr 2025
|
|
BALAJI FIBER REINFORCE PRIVATE LIMITED
U25206GJ2007PTC050407
|
Liquidator · Feb 2024
Liquidator · Feb 2024
|
🔒 | 🔒 | 🔒 | 4y 1mo
to Feb 2024
|
|
REGENT GRANITO (INDIA) LIMITED
U26933GJ2003PLC043039
|
IRP · Jan 2019
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Sep 2020
|
|
MONO ACRIGLASS INDUSTRIES PRIVATE LIMITED
U99999GJ1997PTC032684
|
Liquidator · Aug 2022
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Aug 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
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: VURUPA TRADING PRIVATE LIMITED at 160 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
VURUPA TRADING PRIVATE LIMITED
U74110KA1995PTC109924
Other Services |
IRP · Apr 2026
RP · May 2026
|
160d within 180d | Newly admitted |
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.
Withdrawn / settled
2Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
DECO MICA LIMITED
L20299GJ1988PLC010807
Other Manufacturing |
IRP · Mar 2021
|
5y 6mo |
|
K-MARK BIZSOL PRIVATE LIMITED
U51101GJ2015PTC084559
Trading & Distribution |
IRP · Feb 2021
RP · Mar 2021
|
5y 7mo |
Voluntary liquidations
5Solvent 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 4mo
across 4 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 5
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 |
|---|---|---|---|---|---|
| GALANTA PHARMA PRIVATE LIMITED U24232HR2009PTC039182
|
Voluntary Liquidator · Nov 2018 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 6y 8mo to Jul 2025 |
| KALVIR REALTY PRIVATE LIMITED U45201GJ2007PTC050346
|
Voluntary Liquidator · Feb 2024 |
Rs 11 Cr | Rs 0 Cr | Rs 0 Cr | 1y 8mo to Nov 2024 |
| ECA TRADING SERVICES LIMITED U51100GJ1956PLC000597
5 dated steps in the orderAhmedabad Division Bench Court - 1
|
Voluntary Liquidator · Dec 2021 |
Rs 18 Cr | Rs 0 Cr | Rs 18 Cr | 2y 8mo to Aug 2024 |
| SAHIYAR FINCAP PRIVATE LIMITED U65100GJ2016PTC086398
3 dated steps in the orderAhmedabad Bench, Court No. II
Delay recorded in the order“Delay in receipt of income tax refund of Rs.2,23,000/- from the income tax department for distribution of the same among the contributories.” |
Voluntary Liquidator · Oct 2021 |
Rs 2 Cr | Rs 0 Cr | Rs 2 Cr | 2y to Oct 2023 |
| E-COMM OPPORTUNITIES PRIVATE LIMITED U72200GJ1999PTC035359
|
Voluntary Liquidator · Aug 2021 |
— | — | — | 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 →.
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Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,365 ranked
Recovery vs liquidation value91.8%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor0 of 2
Typical time to outcome15 months
national median 16 months · median of 8 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 Professional14
Liquidator3
Voluntary Liquidator5
Of these, 9 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
Ahmedabad10 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (177 concluded cases)
Ashish runs a median 15 months to outcome across 8 concluded mandates.
The benches those mandates sit in run at 15 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
Other Manufacturing7
Other Services2
Textiles & Apparel1
Trading & Distribution1
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