Resolved — plan approved
2Acquirer 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 |
|---|---|---|---|---|---|
|
SIP INDUSTRIES LIMITED
L24131TN1986PLC012752
→ acquired by Mr. Arularasan
|
RP · Apr 2021
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Apr 2022
|
|
SRI VARADARAJA FOOD EXPORTS PRIVATE LIMITED
U01403TN2015PTC098971
→ acquired by Trishakthi Varahi Foods Private Limited
|
RP · Mar 2021
|
🔒 | 🔒 | 🔒 | 3y 9mo
to Nov 2023
|
Liquidation — order passed
2Liquidation mandates2on this professional's record
Taken to dissolution02 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Saravana Gold Palace Private Limited
U52609TN2017PTC116518
|
Liquidator · Jul 2023
|
🔒 | 🔒 | 🔒 | 14 mo
to Nov 2022
|
|
Purplestream Convergence Private Limited
U72100TN2011PTC082041
|
IRP · Oct 2023
RP · Nov 2024
|
🔒 | 🔒 | 🔒 | 17 mo
to Mar 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
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: FERROSCO INDUSTRIES PRIVATE LIMITED at 1,604 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
FERROSCO INDUSTRIES PRIVATE LIMITED
U37100TZ2017PTC028360
Other Manufacturing |
IRP · May 2022
|
1,604d past 330d limit | Under CIRP |
|
SP COAL RESOURCES PRIVATE LIMITED
U10100TN2010PTC075812
Mining |
IRP · Jul 2026
|
95d within 180d | Newly admitted |
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Withdrawn / settled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 |
|---|---|---|
|
KUMARARAJA PAPER MILL PRIVATE LIMITED
U21012TZ2000PTC009348
Other Manufacturing |
IRP · Mar 2021
|
5y 6mo |
Voluntary liquidations
6Solvent 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 dissolution1y 8mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 6
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 |
|---|---|---|---|---|---|
| Madhu Business Services Private Limited U52599TN1992PTC022462
|
Voluntary Liquidator · Dec 2024 |
Rs 1 Cr | Rs 1 Cr | Rs 0 Cr | 12 mo to Nov 2025 |
| KICKSTARTUP CREDIT PRIVATE LIMITED U65929TN2020PTC134213
5 dated steps in the orderDIVISION BENCH – I, CHENNAI
|
Voluntary Liquidator · Feb 2021 |
Rs 2 Cr | Rs 0 Cr | Rs 2 Cr | 3y to Feb 2024 |
| SPI FINANCE AND INVESTMENTS PRIVATE LIMITED U65990TN2020PTC134234
6 dated steps in the orderDivision Bench – II, Chennai
Delay recorded in the order“The delay in completing the Voluntary Liquidation Process was due to delayed refund of TDS related to Income Tax return.” |
Voluntary Liquidator · Feb 2021 |
Rs 2 Cr | Rs 0 Cr | Rs 2 Cr | 3y 9mo to Nov 2024 |
| Wellshine Chit Funds Private Limited U65992TN2000PTC044007
|
Voluntary Liquidator · Apr 2025 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 12 mo to Apr 2026 |
| T & V Financial Services Private Limited U65999TN2020PTC138943
|
Voluntary Liquidator · Jul 2024 |
— | — | — | in process |
| DV Living Science Enterprises Private limited U74900TN2011PTC083296
4 dated steps in the orderDIVISION BENCH – II, CHENNAI
|
Voluntary Liquidator · Aug 2022 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 1y 8mo to May 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 →
Activity & context · vs India's IP universe
Activity — mandate count6 mandates on record
Recovery vs liquidation value271.3%
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 outcome24 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 Professional7
Liquidator1
Voluntary Liquidator6
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
Chennai7 mandates
Bench median 13 months to outcome · 20% resolved (503 concluded cases)
Chitra runs a median 24 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 340 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 Manufacturing2
Chemicals & Plastics1
Food & Agro1
Mining1
Trading & Distribution1
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 Chitra?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.