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Home / RP Tracker / Harshad Deshpande

Harshad Deshpande UNCLAIMED PROFILE

Insolvency Professional · Active since 2018
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00166/2017-18/10335 CPE 110 credits
Other ServicesFood & AgroConstruction & InfrastructureMachinery & EquipmentReal Estate & HousingLogistics & Transport
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Viewed in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 16 CIRP mandates
1
8
5
2
Resolved 1 Liquidation 8 Under CIRP 5 Withdrawn / settled 2
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 8 Under CIRP 5 Withdrawn 2 Standing
Mandates
14cases
Top 10% by mandate count · last appointed Aug 2024
Claims Managed
Rs 2,087Cr
across 7 cases with figures
Realised for Creditors
Rs 43Cr
2.1% of admitted claims
Resolved
1cases
11% resolution rate
Recovery vs LV
539.9%
1 of 1 beat the floor
Typical CIRP Time
59 months
nationally 16 months
Largest Mandate
Rs 1,969 Cr
Sunil Hitech Engineers …

Resolved — plan approved

1
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
Altair Industrial Technologies Private Limited
U29299PN2003PTC017617
→ acquired by Sethi Funds Management Pvt. Ltd & its Affiliate Companies along with Mr. Anil Anand and Mr. Anoop Anand
RP · Jul 2019
🔒 🔒 🔒 5y 7mo
to Oct 2024

Liquidation — order passed

8
1 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 value527.7%across 3 cases with both figures · whole record 79.7%
Order to dissolution28 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Sunil Hitech Engineers Limited
L28920MH1998PLC115155
IRP · Sep 2018
🔒 🔒 🔒 9 mo
to Jun 2019
SILVEROAK COMMERCIALS LIMITED
L31504MH1985PLC035916
Liquidator · Dec 2020
🔒 🔒 🔒 1y 7mo
to Dec 2020
Trimurti Corns Agro Foods Private Limited
U01122PN2007PTC130527
RP · Jan 2019
Liquidator · Oct 2023
🔒 🔒 🔒 4y 10mo
to Oct 2023
SHRI TRADCO DEESAN PRIVATE LIMITED
U15400MH2010PTC203313
IRP · Feb 2023
IRP · Feb 2023
RP · Sep 2023
RP · Sep 2023
5y 9mo
to May 2026
Thermo Products Private Limited
U25202PN2004PTC019359
RP · Oct 2019
🔒 🔒 🔒 7y
to Mar 2026
Phoenix Aluminium Products Private Limited
U27203MH1972PTC015962
RP · Jan 2020
🔒 🔒 🔒 1y 10mo
to Oct 2021
Fibertech Infracon Private Limited
U28112MH2008PTC183006
RP · Apr 2019
🔒 🔒 🔒 11 mo
to Dec 2019
Honest Derivatives Private Limited
U93000GJ2007PTC051271
IRP · Jul 2024
IRP · Jul 2024
RP · Aug 2024
RP · Aug 2024
🔒 🔒 🔒 5y 4mo
to Oct 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

5
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
5past 330d
Longest-running live mandate: TRANSPORT SOLUTIONS INDIA PRIVATE LIMITED at 1,667 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
TRANSPORT SOLUTIONS INDIA PRIVATE LIMITED
U34201PN2006PTC021794
Auto & Components
IRP · Mar 2022
RP · Dec 2022
1,667d past 330d limit Inviting EoI
A A ESTATES PRIVATE LIMITED
U70100MH1996PTC101183
Real Estate & Housing
IRP · Dec 2022
IRP · Dec 2022
RP · Jun 2023
RP · Jun 2023
1,388d past 330d limit Inviting EoI
VIRAT GLOBAL LOGISTICS PRIVATE LIMITED
U63090MH2013PTC243923
Logistics & Transport
IRP · Jul 2023
RP · Jul 2023
1,164d past 330d limit Under CIRP
Vivaan Multistructures Limited
U45309MH2018PLC315169
Construction & Infrastructure
IRP · Feb 2024
RP · Apr 2024
954d past 330d limit Inviting EoI
SWASTISH ENTERPRISES LIMITED
U74999MH2018PLC303800
Other Services
IRP · Jul 2024
RP · Aug 2024
812d 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

2
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Shri Saikrupa Sugar & Allied Industries Limited
U15424PN1998PLC013139
Food & Agro
IRP · Aug 2021
IRP · Aug 2021
5y 1mo
Kunal Industries Private Limited
U74999PN2007PTC134248
Other Services
IRP · Dec 2018
7y 9mo
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 10% of 2,308 ranked
At Mumbai bench — by mandate countTop 20% of 438
Recovery vs liquidation value539.9%
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 outcome59 months
national median 16 months · median of 9 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 Professional29
Liquidator2
Of these, 10 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
Mumbai15 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Harshad runs a median 59 months to outcome across 9 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 1233 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 & Agro3
Other Services3
Other Manufacturing2
Machinery & Equipment2
Chemicals & Plastics1
Steel & Metals1
Auto & Components1
Construction & Infrastructure1

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