We use a session cookie and first-party analytics to run this site — no third-party trackers, no ads. Details in our Privacy Policy.
RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Home / RP Tracker / Balady Shekar Shetty

Balady Shekar Shetty UNCLAIMED PROFILE

Insolvency Professional · Active since 2018
IPA ICSI IIP Bench Bengaluru · South Reg IBBI/IPA-002/IP-N00213/2017-18/10665 CPE 26 credits
MiningMachinery & EquipmentFood & AgroTextiles & ApparelReal Estate & Housing
This profile is unclaimed, so no direct contact is listed. Request an introduction →
Career composition · 7 CIRP mandates
1
3
2
1
Resolved 1 Liquidation 3 Under CIRP 2 Withdrawn / settled 1
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 3 Under CIRP 2 Withdrawn 1 Voluntary 2 Standing
Mandates
6cases
3 with financials · last appointed May 2021
Claims Managed
Rs 664Cr
across 3 cases with figures
Realised for Creditors
Rs 171Cr
25.8% of admitted claims
Resolved
1cases
25% resolution rate
Recovery vs LV
155.5%
1 of 1 beat the floor
Typical CIRP Time
33 months
nationally 16 months
Largest Mandate
Rs 557 Cr
KGS Sugar and Infra Cor…

Resolved — plan approved

1
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
KGS Sugar and Infra Corporation Limited
U15400MH1998PLC120526
→ acquired by Gangamai Industries and Constructions Limited
IRP · Nov 2019
RP · Nov 2019
🔒 🔒 🔒 3y 10mo
to Aug 2023

Liquidation — order passed

3
2 of 3 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates3on this professional's record
Taken to dissolution21 still in process
Distributed vs liquidation value50.0%across 2 cases with both figures · whole record 79.7%
Order to dissolution18 moaverage over 2 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Vintage Foods And Industries Limited
L01549KA1984PLC006339
RP · Oct 2019
🔒 🔒 🔒 11 mo
to Jun 2020
Avvas Infotech Pvt Ltd
U32109KA2007PTC042635
IRP · Apr 2021
RP · May 2021
🔒 🔒 🔒 3y 8mo
to Dec 2024
Innovative Studios Private Limited
U74110KA2003PTC032578
IRP · Apr 2019
RP · May 2019
Liquidator · Jan 2020
🔒 🔒 🔒 1y 8mo
to Jan 2021
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

2
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
2past 330d
Longest-running live mandate: Aeromech Technologies Private Limited at 3,130 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Aeromech Technologies Private Limited
U35303KA2006PTC041086
Machinery & Equipment
RP · Jul 2018
3,130d past 330d limit Under CIRP
UNISHIRE REGENCY PARK LLP
AAB2673
Real Estate & Housing
RP · Feb 2021
2,311d 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

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Ther - A- Pedic Bedding India Pvt Ltd
U17214KA2013PTC071238
Textiles & Apparel
RP · Jun 2018
8y 7mo

Voluntary liquidations

2
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.
Median time to dissolution4y across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 2 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
Etisalat Software Solutions Private Limited
U72200KA2007PTC042080
Voluntary Liquidator · Oct 2019
— — — in process
THERAMYT NOVOBIOLOGICS PRIVATE LIMITED
U73100KA2013PTC070233
8 dated steps in the order
BENGALURU BENCH, BENGALURU
  1. Members' resolution24 Dec 2019
  2. Commencement2 Jan 2020
  3. Public announcement6 Jan 2020
  4. Claims deadline1 Feb 2020
  5. Preliminary report14 Feb 2020
  6. Final report6 Apr 2023
  7. Application to bench20 Apr 2023
  8. Dissolution order31 Jan 2024
Voluntary Liquidator · Jan 2020
Rs 18 Cr Rs 0 Cr Rs 18 Cr 4y
to Jan 2024
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 →

Is this your profile?

This page already exists — buyers already see it. Claiming puts you in control: your photo, your story, your numbers in context, enquiries routed to you.

Claim profile →

See everything claiming unlocks →

Activity & context · vs India's IP universe
Activity — mandate count6 mandates on record
Recovery vs liquidation value155.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 1
Typical time to outcome33 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 Professional10
Liquidator1
Voluntary Liquidator2
Of these, 3 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
Bengaluru5 mandates
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,250 concluded cases)
Balady runs a median 33 months to outcome across 4 concluded mandates. The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds — so he is taking 591 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
Food & Agro2
Machinery & Equipment2
Real Estate & Housing1
Textiles & Apparel1
Mining1
Trying to reach Balady?

This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.

We pass on your interest and step out. No fee, no matchmaking, no ranking of who gets introduced.

← All RP profiles