Resolved — plan approved
5Acquirer 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 |
|---|---|---|---|---|---|
|
Polygold Pre-Cured Systems Private Limited
U25110GJ1998PTC034100
→ acquired by Kartikbhai J. Patel along with Kirtibhai D. Patel
|
RP · Aug 2020
|
🔒 | 🔒 | 🔒 | 1y 6mo
to Sep 2021
|
|
SUPERCHEM COATINGS PRIVATE LIMITED
U28994GJ2017PTC097029
→ acquired by Mr. Ashish Goyel and Sudesh Goyel
|
RP · Feb 2022
|
🔒 | 🔒 | 🔒 | 12 mo
to Dec 2022
|
|
POWERDEAL ENERGY SYSTEMS (INDIA) PRIVATE LIMITED
U29300MH2004PTC148511
→ acquired by Bhupendra Shantilal Shah (Successful Resolution Applicant/SRA)
|
IRP · Jul 2024
RP · Aug 2024
|
🔒 | 🔒 | 🔒 | 15 mo
to Oct 2025
|
|
GAJANAND CORPORATION PRIVATE LIMITED
U45200GJ2012PTC071789
→ acquired by Timbor Furnitech Private Limited (Formerly known as Thakurji International Private Limited)
|
IRP · Feb 2022
RP · Apr 2022
|
🔒 | 🔒 | 🔒 | 3y 2mo
to May 2025
|
|
POGGENAMP NAGARSHETH POWERTRONICS PRIVATE LIMITED
U72200GJ1992PTC017786
→ acquired by Gautam Nagarsheth jointly with Gaurang Nagarsheth
|
RP · Jun 2020
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Oct 2021
|
Liquidation — order passed
3Liquidation mandates3on this professional's record
Taken to dissolution03 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
MAP OIL LLP
AAF4591
|
IRP · Apr 2022
RP · Jun 2022
|
🔒 | 🔒 | 🔒 | 12 mo
to Apr 2023
|
|
MAP REFOILS INDIA LIMITED
U15122GJ2015PLC081840
|
IRP · Apr 2022
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Jan 2024
|
|
Eagle Corporation Private Limited
U51909GJ2001PTC039262
|
RP · Sep 2020
RP · Sep 2020
Liquidator · Mar 2022
|
🔒 | 🔒 | 🔒 | 2y 5mo
to Mar 2022
|
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
5Where 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: AQUARIUS H2O DYNAMICS PRIVATE LIMITED at 665 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
AQUARIUS H2O DYNAMICS PRIVATE LIMITED
U41000GJ2018PTC102816
Other Services |
RP · Jan 2025
|
665d past 330d limit | Inviting EoI |
|
DHANLAXMI ELECTRICALS PRIVATE LIMITED
U74900MH2015PTC261718
Other Services |
IRP · Aug 2025
IRP · Aug 2025
IRP · Aug 2025
RP · Oct 2025
RP · Oct 2025
RP · Oct 2025
|
395d past 330d limit | Inviting EoI |
|
LIVEIN AQUA SOLUTIONS PRIVATE LIMITED
U52100GJ2013PTC077985
Trading & Distribution |
IRP · Jan 2026
RP · Feb 2026
|
256d in extension | Inviting EoI |
|
NAVSAN GLASS INDUSTRIES LIMITED
U26101MP2009PLC021885
Other Manufacturing |
IRP · Mar 2026
RP · Apr 2026
|
204d in extension | Inviting EoI |
|
GVK COAL (TOKISUD) COMPANY PRIVATE LIMITED
U10101TG2005PTC047275
Mining |
RP
IRP · May 2026
|
144d within 180d | 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 |
|---|---|---|
|
GWALIOR DISTILLERIES PRIVATE LIMITED
U45201MP1986PTC003319
Construction & Infrastructure |
IRP · Jul 2022
|
4y 2mo |
Voluntary liquidations
1Solvent 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 dissolution4y
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 1
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 |
|---|---|---|---|---|---|
| VALBRASS INDIA PRIVATE LIMITED U27202GJ2006PTC049613
6 dated steps in the orderAhmedabad Bench Court No. II
|
Voluntary Liquidator · Dec 2019 |
Rs 4 Cr | Rs 0 Cr | Rs 4 Cr | 4y to Jan 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 →.
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Claim profile →Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,570 ranked
Recovery vs liquidation value119.9%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 5
Typical time to outcome19 months
national median 16 months · median of 8 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 Professional26
Liquidator1
Voluntary Liquidator1
Of these, 9 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
Ahmedabad9 mandates
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Indore2 mandates
Bench median 15 months to outcome · 49% resolved (35 concluded cases)
Mumbai2 mandates
Bench median 18 months to outcome · 34% resolved (1,251 concluded cases)
Hyderabad1 mandate
Bench median 14 months to outcome · 38% resolved (348 concluded cases)
Dhaval runs a median 19 months to outcome across 8 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 taking 112 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 & Agro2
Other Services2
Construction & Infrastructure2
Trading & Distribution2
Mining1
Chemicals & Plastics1
Other Manufacturing1
Steel & Metals1
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