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 |
|---|---|---|---|---|---|
|
Indolsolar Limited
L18101DL2005PLC134879
→ acquired by Waaree Energies Limited
|
IRP · Apr 2019
RP · May 2019
|
🔒 | 🔒 | 🔒 | 3y
to Apr 2022
|
Liquidation — order passed
1Liquidation mandates1on this professional's record
Taken to dissolution01 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Rajat Wires Private Limited
U74899DL1990PTC040591
|
RP · Jul 2020
|
🔒 | 🔒 | 🔒 | 4y 11mo
to Feb 2025
|
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: BRIMSON CABLES PRIVATE LIMITED at 2,702 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
BRIMSON CABLES PRIVATE LIMITED
U74899DL1994PTC060927
Other Services |
IRP · May 2019
|
2,702d past 330d limit | Under CIRP |
|
SYREX INFOSERVICES (INDIA) PRIVATE LIMITED
U72200DL2005PTC134742
Other Services |
IRP · Jul 2022
RP · Sep 2022
|
1,525d 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
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.
Typical time to dissolution1y 8mo
median across every VL on record — none of these mandates has reached dissolution yet
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| SANYO SPECIAL STEEL INDIA PRIVATE LIMITED U27101HR2012FTC044819
|
Voluntary Liquidator · Feb 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 count4 mandates on record
Recovery vs liquidation value105.8%
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 outcome48 months
national median 16 months · median of 2 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 Professional6
Voluntary Liquidator1
Of these, 3 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
New Delhi4 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Gulshan runs a median 48 months to outcome across 2 concluded mandates.
The benches those mandates sit in run at 17 months, weighted by how many of his cases each one holds —
so he is taking 941 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
Textiles & Apparel1
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