Resolved — plan approved
8Acquirer 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 |
|---|---|---|---|---|---|
|
Jaiprakash Associates Limited
L14106UP1995PLC019017
→ acquired by Adani Enterprises Ltd
|
IRP · Jun 2024
RP · Aug 2024
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Mar 2026
|
|
Sathavahana Ispat Limited
L27109TG1989PLC010654
→ acquired by Jindal Saw Limited (JSL)
|
RP · Sep 2021
RP · Sep 2021
|
🔒 | 🔒 | 🔒 | 3y 6mo
to Mar 2023
|
|
Diamond Power Infrastructure Limited
L31300GJ1992PLC018198
→ acquired by GSEC Ltd. in consortium with one Mr. Rakesh Shah
|
RP · Oct 2018
|
🔒 | 🔒 | 🔒 | 3y 9mo
to Jun 2022
|
|
Ferro Alloys Corporation Limited
L45201OR1955PLC008400
|
RP · Jul 2019
|
🔒 | 🔒 | 🔒 | 2y 6mo
to Jan 2020
|
|
Indrajit Power Private Limited
U45200MH1994PTC081267
→ acquired by Consortium of 'Evonith Metallics Limited' and 'Evonith Holdings Pte. Limited' Singapore, with Evonith Metallics Limited as the Lead Member (referred to as 'Evonith Consortium')
|
IRP · Feb 2024
|
Rs 513 Cr | Rs 232 Cr | 190.7% | 2y 2mo
to Apr 2026
|
|
Arshiya Northern FTWZ Ltd
U51109MH2008PLC183555
|
RP · Aug 2023
RP · Aug 2023
|
— | — | — | 3y 8mo
to Aug 2026
|
|
JEKPL Private Limited
U51909UP1997PTC047891
|
RP · Mar 2019
|
🔒 | 🔒 | 🔒 | 9 mo
to Dec 2017
|
|
NCR Rail Infrastructure Limited (Formerly known as Arshiya Rail Infrastructure Limited)
U93000MH2008PLC180907
→ acquired by JSW Infrastructure Limited
|
IRP · Mar 2024
RP · May 2024
|
🔒 | 🔒 | 🔒 | 1y 10mo
to Jan 2026
|
Under CIRP — live
2Where 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: TARUN REALTORS PRIVATE LIMITED at 1,160 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
TARUN REALTORS PRIVATE LIMITED
U07010KA2004PTC035166
Mining |
RP · Nov 2025
|
1,160d past 330d limit | Inviting EoI |
|
Hiranmaye Energy Limited
U40105WB2008PLC125220
Power & Energy |
IRP · Jan 2024
RP · Feb 2024
|
994d 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
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
JAYPEE HEALTHCARE LIMITED
U85191UP2012PLC053358
|
IRP · Jun 2024
|
2y 3mo |
Voluntary liquidations
1Solvent 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 Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| POSHMARK ONLINE MARKETPLACE PRIVATE LIMITED U74999DL2021FTC383507
|
Voluntary Liquidator · Aug 2025 |
— | — | — | 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 20% of 2,365 ranked
Recovery vs liquidation value94.7%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor4 of 7
Typical time to outcome29 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 Professional16
Voluntary Liquidator1
Of these, 5 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
Allahabad3 mandates
Bench median 22 months to outcome · 44% resolved (101 concluded cases)
Mumbai3 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Hyderabad1 mandate
Bench median 14 months to outcome · 37% resolved (345 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (445 concluded cases)
Bhuvan runs a median 29 months to outcome across 8 concluded mandates.
The benches those mandates sit in run at 19 months, weighted by how many of his cases each one holds —
so he is taking 305 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
Mining2
Construction & Infrastructure2
Trading & Distribution2
Other Manufacturing1
Electronics & Electricals1
Power & Energy1
Other Services1
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 →Trying to reach Bhuvan?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.