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 |
|---|---|---|---|---|---|
|
Mastana Foods Private Limited
U15319DL1999PTC098638
→ acquired by M/s. HR Commercials Private Limited and M/s. Crown Steels (In Consortium)
|
IRP · Sep 2019
RP · Oct 2019
|
Rs 450 Cr | Rs 135 Cr | 275.7% | 6y 8mo
to Jun 2026
|
|
IREO FIVERIVER PRIVATE LIMITED
U45200DL2007PTC160318
→ acquired by Trident Infrahomes Private Limited and Romano Infrastructure Private Limited - "consortium"
|
IRP · Nov 2017
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Aug 2021
|
Liquidation — order passed
51 of 5 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates5on this professional's record
Taken to dissolution14 still in process
Distributed vs liquidation value66.7%across 1 case with both figures · whole record 79.7%
Order to dissolution45 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
MAS PROJECT ENGINEERS PRIVATE LIMITED
U32202DL1997PTC085074
|
RP · May 2019
Liquidator · Oct 2019
|
🔒 | 🔒 | 🔒 | 6 mo
to Oct 2019
|
|
Free Culture Apparels Private Limited And Ors
U51494DL2011PTC221186
|
IRP · Sep 2017
RP · Jan 2018
Liquidator · Jul 2018
|
🔒 | 🔒 | 🔒 | 10 mo
to Jul 2018
|
|
Shree Ashtvinayak Gems & Stones Private Limited
U52390DL2009PTC187766
|
IRP · Dec 2019
RP · Jan 2020
|
🔒 | 🔒 | 🔒 | 1y 11mo
to Nov 2021
|
|
CARGO PLANNERS LIMITED
U63013DL2000PLC107868
|
IRP · Aug 2019
|
🔒 | 🔒 | 🔒 | 17 mo
to Jan 2021
|
|
Aftek Infrastructure Private Limited
U70102UP2013PTC059884
|
RP · Jan 2020
|
🔒 | 🔒 | 🔒 | 3y 9mo
to Jul 2023
|
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: AVJ DEVELOPERS (INDIA) PRIVATE LIMITED at 2,835 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
AVJ DEVELOPERS (INDIA) PRIVATE LIMITED
U70101DL2010PTC204465
Real Estate & Housing |
IRP · Dec 2018
|
2,835d 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.
Withdrawn / settled
3Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
NEWCON ENGINEERS PRIVATE LIMITED
U70102DL2012PTC239965
Real Estate & Housing |
IRP · Oct 2017
IRP · Oct 2017
|
8y |
|
AADINATH PROBUILD (INDIA) PRIVATE LIMITED
U70109DL2008PTC174131
Real Estate & Housing |
IRP · Sep 2018
RP · Dec 2018
|
7y 11mo |
|
DEVANG HOLDINGS PRIVATE LIMITED
U74899DL1995PTC069941
Other Services |
IRP · May 2018
|
8y 4mo |
Voluntary liquidations
3Solvent 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 dissolution1y 9mo
across 3 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Mitlite Electric Company Private Limited U31909DL2008PTC177969
|
Voluntary Liquidator · Sep 2019 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 1y 9mo to Jul 2021 |
| Jindal Ifsc Private Limited U65999GJ2016PTC094711
|
Voluntary Liquidator · Sep 2018 |
Rs 1 Cr | — | Rs 1 Cr | 14 mo to Dec 2019 |
| Flagstone Underwriting Support Services U72200TG2005PTC047725
|
Voluntary Liquidator · Sep 2017 |
Rs 8 Cr | Rs 0 Cr | Rs 8 Cr | 4y 11mo to Sep 2022 |
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 20% of 2,308 ranked
At New Delhi bench — by mandate countTop 20% of 420
Recovery vs liquidation value255.4%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 2
Typical time to outcome23 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 Professional16
Liquidator2
Voluntary Liquidator3
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
New Delhi10 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Allahabad1 mandate
Bench median 21 months to outcome · 45% resolved (103 concluded cases)
Ashok runs a median 23 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 taking 171 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
Real Estate & Housing4
Trading & Distribution2
Food & Agro1
Machinery & Equipment1
Construction & Infrastructure1
Logistics & Transport1
Other Services1
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