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Home / RP Tracker / Bimal Ashok Desai

Bimal Ashok Desai UNCLAIMED PROFILE

Insolvency Professional · Gujarat · Active since 2020
IPA ICAI IIIPI Bench Ahmedabad · West Reg IBBI/IPA-001/IP-P00748/2017-2018/11281 CPE 100 credits
ManufacturingOthers (Core Investment Company and Energy and Chemicals)
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Career composition · 7 CIRP mandates
5
1
1
Liquidation 5 Under CIRP 1 Withdrawn / settled 1
Appointments by year
'20'21'22'23'24'25'26
Overview Liquidation 5 Under CIRP 1 Withdrawn 1 Standing
Mandates
6cases
3 with financials · last appointed May 2026
Claims Managed
Rs 1,854Cr
across 3 cases with figures
Realised for Creditors
Rs 20Cr
1.1% of admitted claims
Resolved
0cases
0% resolution rate
Typical CIRP Time
17 months
nationally 16 months
Largest Mandate
Rs 1,640 Cr
Kandla Energy and Chemi…

Liquidation — order passed

5
3 of 5 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates5on this professional's record
Taken to dissolution32 still in process
Distributed vs liquidation value91.8%across 2 cases with both figures · whole record 79.7%
Order to dissolution13 moaverage over 3 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Sintex Plastics Technology Ltd
L74120GJ2015PLC084071
Liquidator · May 2024
🔒 🔒 🔒 14 mo
to May 2024
Kandla Energy and Chemicals Limited
U24230GJ2005PLC045642
Liquidator · Jan 2024
🔒 🔒 🔒 15 mo
to Jan 2024
Siddhbali Steels and Strips Private Limited
U27100PN2010PTC138123
IRP · Feb 2023
RP · Mar 2023
3y 2mo
to May 2026
Fermos Engineering Private Limited
U29100GJ2010PTC062075
IRP · Sep 2023
RP · Oct 2023
🔒 🔒 🔒 17 mo
to Feb 2025
OPEL SECURITIES PRIVATE LIMITED
U46909GJ1995PTC028055
Liquidator · Jun 2025
🔒 🔒 🔒 1y 8mo
to Jun 2025
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.
1within 180d
Longest-running live mandate: NEO MICRONS PRIVATE LIMITED at 158 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
NEO MICRONS PRIVATE LIMITED
U25199GJ2009PTC057978
Other Manufacturing
IRP · Apr 2026
RP · May 2026
158d within 180d Inviting EoI
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
VMA ENTERPRISES PRIVATE LIMITED
U24116DL1998PTC093074
Other Manufacturing
IRP · May 2020
6y 3mo
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 count6 mandates on record
Typical time to outcome17 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 Professional7
Liquidator3
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
Ahmedabad5 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
New Delhi1 mandate
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Bimal runs a median 17 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 42 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
Other Manufacturing3
Other Services1
Pharmaceuticals1
Machinery & Equipment1
Trading & Distribution1

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