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Home / RP Tracker / Dilipkumar Natvarlal Jagad

Dilipkumar Natvarlal Jagad UNCLAIMED PROFILE

Insolvency Professional · Active since 2018
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00233/2017-2018/10462 CPE 114 credits
ITTelecom & MediaTrading & DistributionFood & AgroOther ManufacturingPower & EnergyConstruction & Infrastructure
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Career composition · 11 CIRP mandates
3
5
3
Resolved 3 Liquidation 5 Under CIRP 3
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 3 Liquidation 5 Under CIRP 3 Voluntary 25 Standing
Mandates
11cases
Top 5% by mandate count · last appointed Sep 2026
Claims Managed
Rs 2,351Cr
across 8 cases with figures
Realised for Creditors
Rs 38Cr
1.6% of admitted claims
Resolved
3cases
38% resolution rate
Recovery vs LV
434.5%
2 of 3 beat the floor
Typical CIRP Time
21 months
nationally 16 months
Largest Mandate
Rs 1,941 Cr
Akshata Mercantle Priva…

Resolved — plan approved

3
Acquirer shown where the approved plan names one. Figures shown for outcomes in the last two quarters — the full financial record is member data.
Corporate DebtorRole / AppointedAdmittedRealisedRec vs LVDuration
SUPERDRAWN WIRE INDUSTRIES PRIVATE LIMITED
U28112GJ2011PTC066943
→ acquired by ASEL Financial Services Limited
IRP · Mar 2022
🔒 🔒 🔒 1y 6mo
to Sep 2023
GLOBAL ENERGY PRIVATE LIMITED
U40101GA1994PTC001663
IRP · May 2022
🔒 🔒 🔒 4y 7mo
to Jul 2024
NAVDURGA ADVISORY PRIVATE LIMITED
U65991MH2009PTC348166
→ acquired by Mr. Bhagchand Bhawarlal Maheshwari
IRP · Mar 2023
🔒 🔒 🔒 9 mo
to Dec 2023

Liquidation — order passed

5
4 of 5 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates5on this professional's record
Taken to dissolution41 still in process
Distributed vs liquidation value77.0%across 1 case with both figures · whole record 79.7%
Order to dissolution44 moaverage over 3 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
TRIDENT TOOLS LIMITED
L29220MH1982PLC027046
Liquidator · Sep 2021
🔒 🔒 🔒 1y 8mo
to May 2021
Saru Agro Foods Limited
U15122MH2015PLC268890
IRP · Jan 2020
RP · Mar 2020
🔒 🔒 🔒 1y 8mo
to Aug 2021
Atlantis Lifesciences Pvt. Ltd.
U24230MH1988PTC050132
RP · Dec 2018
Liquidator · Mar 2021
🔒 🔒 🔒 2y 6mo
to Mar 2021
Akshata Mercantle Private Limited
U51909MH2001PTC133035
RP · Oct 2018
Liquidator · Jan 2024
🔒 🔒 🔒 5y 5mo
to Jan 2024
Appsdaily Solutions Private Limited
U64200MH2008PTC187859
IRP · Oct 2018
RP · Nov 2018
Liquidator · Dec 2019
🔒 🔒 🔒 13 mo
to Dec 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

3
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
3past 330d
Longest-running live mandate: RMB EVENT MANAGEMENT PRIVATE LIMITED at 1,847 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
RMB EVENT MANAGEMENT PRIVATE LIMITED
U74900MH2009PTC190250
Other Services
IRP · Sep 2021
1,847d past 330d limit Under CIRP
NIRMAL LIFESTYLE (KALYAN) PRIVATE LIMITED
U70101MH2007PTC169388
Real Estate & Housing
IRP · Jun 2022
1,565d past 330d limit Under CIRP
SAHYOG HOMES LIMITED
U45202MH2009PLC198080
Construction & Infrastructure
IRP · May 2025
488d past 330d limit Under CIRP
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

25
Solvent 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 dissolution15 mo across 10 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 25 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
EPI VENTURE PARTNERS LLP
AAE1477
Voluntary Liquidator · Jul 2024
Rs 0 Cr Rs 0 Cr Rs 0 Cr 10 mo
to May 2025
PAVAN POPLAR LIMITED
U01100MH1995PLC128849
Voluntary Liquidator · Aug 2025
— — — in process
PRAG AGRO FARM LIMITED
U01100MH1997PLC128846
Voluntary Liquidator · Aug 2025
Rs 0 Cr Rs 0 Cr Rs 0 Cr 4 mo
to Dec 2025
WELSPUN NATURAL RESOURCES PRIVATE LIMITED
U11201GJ2006PTC064142
6 dated steps in the order
Ahmedabad Division Bench Court - 1
  1. Commencement18 Jan 2023
  2. Public announcement20 Jan 2023
  3. Claims deadline17 Feb 2023
  4. Preliminary report24 Feb 2023
  5. Final report31 May 2023
  6. Dissolution order12 Feb 2024
Voluntary Liquidator · Jan 2023
Rs 879 Cr Rs 1 Cr Rs 878 Cr 13 mo
to Feb 2024
INNOVISION FOODS PRIVATE LIMITED
U15419KA2001PTC028407
Voluntary Liquidator · Dec 2025
— — — in process
Asian Chemical Works (Bombay) Private Limited
U24110MH1981PTC024209
Voluntary Liquidator · May 2026
— — — in process
SKYRON ECO VENTURES PRIVATE LIMITED
U40106KA2014PTC072894
Voluntary Liquidator · Aug 2023
Rs 11 Cr Rs 0 Cr Rs 11 Cr 2y
to Aug 2025
INDUS CLEAN ENERGY (INDIA) PRIVATE LIMITED
U40108DL2010FTC285033
Voluntary Liquidator · Aug 2024
— — — in process
ILP 3 INDIA 1 PRIVATE LIMITED
U45309MH2019FTC329721
Voluntary Liquidator · Jul 2023
— — — in process
INVESTCORP CREDIT SOLUTIONS PRIVATE LIMITED
U65929MH2019FTC326533
Voluntary Liquidator · Oct 2021
Rs 1 Cr Rs 0 Cr Rs 1 Cr 18 mo
to Apr 2023
NATURELL (INDIA) PRIVATE LIMITED
U65990GJ1991PTC163792
Voluntary Liquidator · Jul 2025
— — — in process
AGM CAPITAL INDIA PRIVATE LIMITED
U67100MH2018FTC310969
Voluntary Liquidator · May 2021
Rs 2 Cr Rs 2 Cr Rs 0 Cr 4y 10mo
to Oct 2024
OCM INDIA OPPORTUNITIES ARC MANAGEMENTPRIVATE LIMITED
U67100MH2018FTC315923
Voluntary Liquidator · Sep 2024
Rs 1 Cr Rs 0 Cr Rs 1 Cr 7 mo
to Mar 2025
PORTMAN ADVISORY PRIVATE LIMITED
U70200MH2008FTC181290
8 dated steps in the order
MUMBAI BENCH, COURT - V
  1. Members' resolution9 Feb 2023
  2. Commencement22 Feb 2023
  3. Public announcement25 Feb 2023
  4. Claims deadline24 Mar 2023
  5. Preliminary report4 Apr 2023
  6. Final report28 Feb 2024
  7. Application to bench17 Apr 2024
  8. Dissolution order7 Aug 2024
Voluntary Liquidator · Feb 2023
Rs 1 Cr Rs 0 Cr Rs 1 Cr 17 mo
to Aug 2024
BHARAT SERUMS AND VACCINES LIMITED
U74110MH1993PLC075088
Voluntary Liquidator · Sep 2026
— — — in process
FINCARE BUSINESS SERVICES LIMITED
U74900GJ2014PLC132578
Voluntary Liquidator · Sep 2024
— — — in process
NALANDA CAPITAL INDIA ADVISORS PRIVATE LIMITED
U74990MH2010PTC200732
Voluntary Liquidator · Aug 2025
— — — in process
SEYNSE TECHNOLOGIES PRIVATE LIMITED
U74999GA2015PTC007655
Voluntary Liquidator · Feb 2023
— — — in process
Carmel Point Investment India Private Limited
U74999MH2018FTC318101
Voluntary Liquidator · Jul 2026
— — — in process
APCOS NATURALS PRIVATE LIMITED
U74999PB2018PTC048652
Voluntary Liquidator · Aug 2025
— — — in process
SUBURBAN DIAGNOSTICS (INDIA) PRIVATE LIMITED
U85110MH2002PTC136144
Voluntary Liquidator · Feb 2025
Rs 977 Cr Rs 977 Cr Rs 0 Cr 13 mo
to Feb 2026
SUNVEST SOLUTIONS PRIVATE LIMITED
U93000MH2018PTC313849
Voluntary Liquidator · Oct 2024
— — — in process
DR.GANESAN'S HITECH DIAGNOSTIC CENTRE PRIVATE LIMITED
U93000TN2009PTC070768
7 dated steps in the order
DIVISION BENCH – I, CHENNAI
  1. Members' resolution1 Apr 2022
  2. Commencement1 Apr 2022
  3. Public announcement4 Apr 2022
  4. Claims deadline1 May 2022
  5. Preliminary report14 May 2022
  6. Final report25 Mar 2023
  7. Dissolution order18 Apr 2024

Delay recorded in the order“Pending assessment proceedings under Section 143(3) / 148 of Income Tax Act and letter from Income Tax Department to keep liquidation process on hold.”

Voluntary Liquidator · Apr 2022
Rs 646 Cr Rs 0 Cr Rs 645 Cr 2y
to Apr 2024
SPALON INDIA PRIVATE LIMITED
U93020TN2008PTC070329
Voluntary Liquidator · Sep 2025
— — — in process
DIGITAL OPERATORS CABLE NETWORK PRIVATE LIMITED
U93030MH2007PTC169205
Voluntary Liquidator · Mar 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 →.
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Activity & context · vs India's IP universe
Activity — mandate countTop 5% of 2,567 ranked
At Mumbai bench — by mandate countTop 5% of 445
Recovery vs liquidation value434.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 3
Typical time to outcome21 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 Professional12
Liquidator4
Voluntary Liquidator25
Of these, 8 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
Mumbai10 mandates
Bench median 18 months to outcome · 34% resolved (1,244 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Dilipkumar runs a median 21 months to outcome across 8 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 86 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
Machinery & Equipment1
Food & Agro1
Other Manufacturing1
Steel & Metals1
Power & Energy1
Construction & Infrastructure1
Trading & Distribution1
IT, Telecom & Media1
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