Liquidation — order passed
72 of 7 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates7on this professional's record
Taken to dissolution25 still in process
Distributed vs liquidation value138.1%across 3 cases with both figures · whole record 79.7%
Order to dissolution43 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
KANOOVI FOODS PRIVATE LIMITED
U15400GJ2012PTC068810
|
RP · Nov 2019
Liquidator · Jan 2021
|
🔒 | 🔒 | 🔒 | 18 mo
to Jan 2021
|
|
Maa Mahamaaya Steels Private Limited
U27101MH2004PTC147538
|
RP · Jan 2019
Liquidator · Nov 2019
|
🔒 | 🔒 | 🔒 | 12 mo
to Nov 2019
|
|
NICOMET INDUSTRIES LIMITED
U27200MH1993PLC071450
|
IRP · Dec 2018
RP · May 2019
|
🔒 | 🔒 | 🔒 | 2y
to Dec 2020
|
|
General Composites Private Limited
U35303MH1995PTC085048
|
Liquidator · Mar 2024
|
🔒 | 🔒 | 🔒 | 4y 6mo
to Mar 2024
|
|
Kieon Developers Private Limited
U70200MH2010PTC199380
|
RP · May 2022
Liquidator · Dec 2022
|
🔒 | 🔒 | 🔒 | 3y 1mo
to Dec 2022
|
|
PROTHOM INDUSTRIES INDIA PRIVATE LIMITED
U74900PN2013PTC149247
|
RP · May 2019
Liquidator · Nov 2020
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Nov 2020
|
|
VIDHYA PHARMACHEM PRIVATE LIMITED
U99999MH1999PTC121241
|
IRP · May 2019
RP · May 2019
|
🔒 | 🔒 | 🔒 | 11 mo
to Apr 2019
|
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: KALPAK INDUSTRIAL TECHNOLOGIES (INDIA) PRIVATE LIMITED at 1,530 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
KALPAK INDUSTRIAL TECHNOLOGIES (INDIA) PRIVATE LIMITED
U29253PN2014PTC150867
Machinery & Equipment |
IRP · Jul 2022
|
1,530d past 330d limit | Under CIRP |
|
SHREE AHUJA PROPERTIES AND REALTORS PRIVATE LIMITED
U45400MH2007PTC172860
Construction & Infrastructure |
IRP · May 2023
|
1,223d 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.
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
Beackon Logistics Private Limited
U74900MH2010PTC200127
Other Services |
IRP · Nov 2019
|
6y 10mo |
Voluntary liquidations
2Solvent 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 dissolution6y 8mo
across 1 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| EI MEDIA NETWORK PRIVATE LIMITED U72900MH2009FTC193819
|
Voluntary Liquidator · Feb 2019 |
Rs 2 Cr | Rs 0 Cr | Rs 1 Cr | 6y 8mo to Oct 2025 |
| PATKI AND DADAKAR TECHNICAL CONSULTANTS PRIVATE LIMITED U74220MH1976PTC019260
|
Voluntary Liquidator · Dec 2022 |
— | — | — | 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 →.
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Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,365 ranked
Typical time to outcome20 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 Professional11
Liquidator5
Voluntary Liquidator2
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
Mumbai9 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (445 concluded cases)
Devang runs a median 20 months to outcome across 7 concluded mandates.
The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds —
so he is taking 73 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 Services3
Other Manufacturing2
Machinery & Equipment2
Food & Agro1
Construction & Infrastructure1
Real Estate & Housing1
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