Resolved — plan approved
4Acquirer 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 |
|---|---|---|---|---|---|
|
Ballarpur Industries Limited
L21010MH1945PLC010337
→ acquired by Finquest Financial Solutions Private Limited
|
IRP · Dec 2019
RP · Jan 2020
|
🔒 | 🔒 | 🔒 | 3y 2mo
to Mar 2023
|
|
Kalyanpur Cements Limited
L26942WB1937PLC009086
→ acquired by Dalmia Cements (Bharat) Ltd.
|
RP · Jul 2017
|
🔒 | 🔒 | 🔒 | 9 mo
to Jan 2018
|
|
GPT Steel Industries Limited
U27104GJ2003PLC043070
→ acquired by GP Global Energy Pvt. Ltd
|
IRP · May 2019
RP · May 2019
|
🔒 | 🔒 | 🔒 | 6y 6mo
to Nov 2025
|
|
Altrarex Traders Private Limited
U51909MH2012PTC228984
→ acquired by Mr. ANUJ GOYAL
|
RP · Jul 2022
|
🔒 | 🔒 | 🔒 | 6y
to Dec 2025
|
Liquidation — order passed
81 of 8 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates8on this professional's record
Taken to dissolution17 still in process
Distributed vs liquidation value0.0%across 1 case with both figures · whole record 79.7%
Order to dissolution18 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Shri Aster Silicates Limited
L01403GJ1996PLC030581
|
RP · Feb 2019
Liquidator · Oct 2019
|
🔒 | 🔒 | 🔒 | 12 mo
to Oct 2019
|
|
Precision Fasteners Limited
L99999MH1965PLC013150
|
IRP · Nov 2017
RP · Dec 2017
Liquidator · Mar 2018
|
🔒 | 🔒 | 🔒 | 4 mo
to Mar 2018
|
|
Trend Electronics Ltd
L99999MH1989PLC052233
|
RP · Aug 2019
Liquidator · Feb 2023
|
🔒 | 🔒 | 🔒 | 4y 4mo
to Feb 2023
|
|
Sanaa Syntex Private Limited
U17110MH1990PTC058339
|
IRP · Aug 2017
|
🔒 | 🔒 | 🔒 | 11 mo
to Jul 2018
|
|
Nicomet Industries Ltd
U27200MH1993PLC071450
|
Liquidator · Dec 2020
|
🔒 | 🔒 | 🔒 | 2y
to Dec 2020
|
|
Renaissance Urban Infra Private Limited
U31901MH2001PTC220378
|
IRP · May 2023
|
🔒 | 🔒 | 🔒 | 15 mo
to Aug 2024
|
|
Renaissance Education Private Limited
U80220MH2005PTC157426
|
Liquidator · Dec 2023
|
🔒 | 🔒 | 🔒 | 3y 11mo
to Dec 2023
|
|
Prana Studios Private Limited
U92199MH2001PTC130974
|
IRP · Sep 2023
|
🔒 | 🔒 | 🔒 | 10 mo
to Jul 2024
|
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
6Where 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: Techno Electronics Limited at 2,945 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Techno Electronics Limited
U11204MH2007PLC171196
Mining |
IRP · Aug 2018
RP · Oct 2018
|
2,945d past 330d limit | Under CIRP |
|
PE Electronics Limited
U32109MH2010PLC198794
Machinery & Equipment |
IRP · Aug 2018
RP · Oct 2018
|
2,945d past 330d limit | Under CIRP |
|
Techno Kart India Ltd
U93000MH2003PLC143371
Other Services |
IRP · Sep 2018
RP · Oct 2018
|
2,920d past 330d limit | Under CIRP |
|
Poets Lovers and Lunatics Motion Pictures Private Limited
U92412MH2013PTC239429
Other Services |
RP · Jan 2025
|
1,813d past 330d limit | Under CIRP |
|
Rajesh Estates and Nirman Private Limited
U28991MH1996PTC099089
Steel & Metals |
IRP · Mar 2023
RP · Jan 2024
|
1,279d past 330d limit | Inviting EoI |
|
Brandscale Innovations Private Limited
U51909MH2021PTC369514
Trading & Distribution |
IRP · Apr 2025
RP · May 2025
|
517d 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 |
|---|---|---|
|
Innova Plastic Technologies Private Limited
U25206PN2005PTC020576
Other Manufacturing |
IRP · Jul 2022
RP · Aug 2022
|
4y 1mo |
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 countTop 5% of 2,308 ranked
At Mumbai bench — by mandate countTop 5% of 438
Recovery vs liquidation value118.9%
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 outcome20 months
national median 16 months · median of 12 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
Liquidator5
Of these, 12 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
Mumbai16 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Kolkata1 mandate
Bench median 14 months to outcome · 33% resolved (530 concluded cases)
Divyesh runs a median 20 months to outcome across 12 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 58 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 Services5
Other Manufacturing4
Machinery & Equipment2
Trading & Distribution2
Food & Agro1
Cement, Glass & Ceramics1
Mining1
Textiles & Apparel1
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