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Home / RP Tracker / Ashish Chhawchharia

Ashish Chhawchharia UNCLAIMED PROFILE

Insolvency Professional · Active since 2019
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00294/2017-18/10538 CPE 124 credits
Power & EnergyOther ServicesLogistics & TransportChemicals & PlasticsTrading & DistributionReal Estate & Housing
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Viewed 5× in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 6 CIRP mandates
4
1
1
Resolved 4 Liquidation 1 Under CIRP 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 4 Liquidation 1 Under CIRP 1 Standing
Mandates
6cases
4 with financials · last appointed Aug 2024
Claims Managed
Rs 26,833Cr
across 4 cases with figures
Realised for Creditors
Rs 7,115Cr
26.5% of admitted claims
Resolved
4cases
80% resolution rate
Recovery vs LV
147.5%
3 of 3 beat the floor
Typical CIRP Time
21 months
nationally 16 months
Largest Mandate
Rs 12,724 Cr
Essar Power M P Limited

Resolved — plan approved

4
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
Sintex-BAPL Limited
U25199GJ2007PLC051364
→ acquired by Consortium of Propel Plastic Products Private Limited And Plastauto Private Limited (erstwhile Tubular Pipes Private Limited), Through Propel Plastic Products Private Limited
RP · Aug 2022
🔒 🔒 🔒 2y 2mo
to Mar 2023
Essar Power M P Limited
U40100DL2005PLC201961
→ acquired by Adani Power Limited
IRP · Sep 2020
RP · Nov 2020
🔒 🔒 🔒 13 mo
to Nov 2021
Odisha Slurry Pipeline Infrasructure Limited
U60200OR2014PLC018639
→ acquired by ArcelorMittal India Private Limited
IRP · May 2019
RP · Jun 2019
🔒 🔒 🔒 10 mo
to Mar 2020
Riverbank Developers Private Limited
U70101WB2007PTC120037
→ acquired by Ambuja Housing and Urban Infrastructure Company Limited
RP · Jun 2024
🔒 🔒 🔒 1y 8mo
to Dec 2025

Liquidation — order passed

1
Liquidation mandates1on this professional's record
Taken to dissolution01 still in process
Distributed vs liquidation value39.5%across 1 case with both figures · whole record 79.7%
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Jet Airways (India) Limited
L99999MH1992PLC066213
IRP · Jun 2019
RP · Jul 2019
🔒 🔒 🔒 5y 5mo
to Nov 2024
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

1
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1past 330d
Longest-running live mandate: Coffee Day Enterprises Limited at 780 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Coffee Day Enterprises Limited
L55101KA2008PLC046866
Trading & Distribution
IRP · Aug 2024
780d 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.
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 count6 mandates on record
Recovery vs liquidation value147.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor3 of 3
Typical time to outcome21 months
national median 16 months · median of 5 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 Professional9
Of these, 4 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
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,244 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
New Delhi1 mandate
Bench median 17 months to outcome · 35% resolved (776 concluded cases)
Ashish runs a median 21 months to outcome across 5 concluded mandates. The benches those mandates sit in run at 16 months, weighted by how many of his cases each one holds — so he is taking 149 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
Trading & Distribution1
Other Services1
Chemicals & Plastics1
Power & Energy1
Logistics & Transport1
Real Estate & Housing1
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