Resolved — plan approved
3Acquirer 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 |
|---|---|---|---|---|---|
|
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
42 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 Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
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
3Where 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: ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED at 1,516 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
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
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 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 Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Unit Trust Of India Investment Advisory Services Limited U65993MH1988GOI047756
7 dated steps in the orderMUMBAI BENCH
|
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 orderAHMEDABAD, COURT - 2
|
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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