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Home / RP Tracker / Chirag Rajendra Kumar Shah

Chirag Rajendra Kumar Shah UNCLAIMED PROFILE

Insolvency Professional · Gujarat · Active since 2019
IPA ICAI IIIPI Bench Ahmedabad · West Reg IBBI/IPA-001/IP-P01169/2018-19/11837 CPE 129 credits
Wholesale and Retail TradeManufacturingOthers (Service)
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Career composition · 10 CIRP mandates
3
4
3
Resolved 3 Liquidation 4 Under CIRP 3
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 3 Liquidation 4 Under CIRP 3 Voluntary 3 Standing
Mandates
10cases
Top 20% by mandate count · last appointed Oct 2025
Claims Managed
Rs 3,466Cr
across 5 cases with figures
Realised for Creditors
Rs 30Cr
0.9% of admitted claims
Resolved
3cases
43% resolution rate
Recovery vs LV
110.6%
3 of 3 beat the floor
Typical CIRP Time
14 months
nationally 16 months
Largest Mandate
Rs 3,231 Cr
Hotline CPT Limited

Resolved — plan approved

3
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
KHUSHIYA INDUSTRIES PRIVATE LIMITED
U15142GJ2012PTC070644
→ acquired by Mr. Karan Rajendra Arya
IRP · Sep 2020
RP · Nov 2020
🔒 🔒 🔒 13 mo
to Oct 2021
ARC LAMICRAFT PRIVATE LIMITED
U25202GJ2007PTC049846
→ acquired by Sun Chemicals
RP · Aug 2020
🔒 🔒 🔒 3y 10mo
to Apr 2024
Madhu Aluminium Private Limited
U27203MP1995PTC009064
→ acquired by Impact Multitrade LLP
IRP · Nov 2023
RP · Dec 2023
🔒 🔒 🔒 10 mo
to Sep 2024

Liquidation — order passed

4
2 of 4 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates4on this professional's record
Taken to dissolution22 still in process
Distributed vs liquidation value90.0%across 2 cases with both figures · whole record 79.7%
Order to dissolution38 moaverage over 2 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
GEI INDUSTRIAL SYSTEMS LIMITED
L28112MP1993PLC008029
Liquidator · Oct 2025
🔒 🔒 🔒 8y 2mo
to Oct 2025
Usha India Limited
U40110UP1996PLC020887
IRP · Oct 2023
RP · Nov 2023
2y 8mo
to Jun 2026
DOSHION WATER UMBRELLA (CUDDALORE) PRIVATE LIMITED
U41000GJ2011PTC064934
Liquidator · Sep 2023
🔒 🔒 🔒 14 mo
to Sep 2023
Hotline CPT Limited
U55101DL1996PLC079756
IRP · Aug 2019
RP · Oct 2019
Liquidator · Jul 2020
🔒 🔒 🔒 11 mo
to Jul 2020
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

3
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
3past 330d
Longest-running live mandate: ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED at 1,516 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED
L32109MH1994PLC083391
Electronics & Electricals
RP · Sep 2025
1,516d past 330d limit Inviting EoI
Repute Foods Private Limited
U15400GJ2011PTC067117
Food & Agro
IRP · Jan 2025
IRP · Jan 2025
RP · Feb 2025
RP · Feb 2025
IRP · Aug 2025
IRP · Aug 2025
RP · Sep 2025
RP · Sep 2025
389d past 330d limit Inviting EoI
SHRI PARAMSUKH EDIBLE FOODS PRIVATE LIMITED
U51909MP2020PTC050852
Trading & Distribution
IRP · Sep 2025
RP · Oct 2025
376d past 330d limit 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.

Voluntary liquidations

3
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 dissolution2y 3mo across 2 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 3 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
Unit Trust Of India Investment Advisory Services Limited
U65993MH1988GOI047756
7 dated steps in the order
MUMBAI BENCH
  1. Members' resolution22 Nov 2021
  2. Commencement16 Dec 2021
  3. Public announcement20 Dec 2021
  4. Claims deadline15 Jan 2022
  5. Preliminary report27 Jan 2022
  6. Final report10 Mar 2023
  7. Dissolution order2 Jan 2024
Voluntary Liquidator · Dec 2021
Rs 33 Cr Rs 1 Cr Rs 31 Cr 2y
to Jan 2024
Xdoc Works Private Limited
U72900GJ2010PTC060210
5 dated steps in the order
AHMEDABAD, COURT - 2
  1. Members' resolution1 Aug 2022
  2. Public announcement6 Aug 2022
  3. Claims deadline31 Aug 2022
  4. Preliminary report1 Sep 2022
  5. Dissolution order9 Nov 2024
Voluntary Liquidator · Aug 2022
Rs 0 Cr Rs 0 Cr Rs 0 Cr 2y 6mo
to Nov 2024
Market Logic Software India Private Limited
U72900PN2018FTC178824
Voluntary Liquidator · Feb 2024
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 value110.6%
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 outcome14 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 Professional20
Liquidator3
Voluntary Liquidator3
Of these, 6 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
Ahmedabad4 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Indore3 mandates
Bench median 15 months to outcome · 49% resolved (35 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Allahabad1 mandate
Bench median 21 months to outcome · 45% resolved (103 concluded cases)
Chirag runs a median 14 months to outcome across 7 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 closing 61 days faster 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
Other Manufacturing1
Electronics & Electricals1
Chemicals & Plastics1
Steel & Metals1
Power & Energy1
Other Services1
Trading & Distribution1

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