Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
SHRI SHIVSAGAR SUGAR AND AGRO PRODUCTS LIMITED
U15424PN1999PLC013411
→ acquired by consortium of Mr. Syed Fahad jointly with Gudagunti Sugars & Bioeneergies Pvt. Ltd.
|
IRP · Oct 2022
|
🔒 | 🔒 | 🔒 | 1y 6mo
to May 2024
|
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
Dhammanagi Developerss Private Limited
U70102KA2007PTC042232
Real Estate & Housing |
RP · Jul 2022
|
4y 5mo |
Voluntary liquidations
4Solvent 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 dissolution17 mo
across 2 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 4
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 |
|---|---|---|---|---|---|
| JEBPO SERVICES LLP AAI4133
|
Voluntary Liquidator · Feb 2026 |
— | — | — | in process |
| BhaFra Spirits Private Limited U15500KA2011PTC057477
|
Voluntary Liquidator · Mar 2022 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 1y 8mo to Nov 2023 |
| Tenshi KSM Private Limited U24299KA2019PTC121725
8 dated steps in the orderSPECIAL BENCH, BENGALURU
|
Voluntary Liquidator · Sep 2022 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 15 mo to Dec 2023 |
| KALS INFORMATION SYSTEMS PRIVATE LIMITED U72200KA1993PTC014303
|
Voluntary Liquidator · Dec 2025 |
— | — | — | 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 count1 mandates on record
Recovery vs liquidation value135.5%
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 outcome18 months
national median 16 months · median of 1 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 Professional2
Voluntary Liquidator4
Of these, 1 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
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Devika runs a median 18 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 15 months, weighted by how many of his cases each one holds —
so he is taking 100 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
Food & Agro1
Real Estate & Housing1
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 Devika?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.