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Home / RP Tracker / Hasti Mal Kachhara

Hasti Mal Kachhara UNCLAIMED PROFILE

Insolvency Professional · Maharashtra · Active since 2019
IPA ICSI IIP Bench Mumbai · West Reg IBBI/IPA-002/IP-N00342/2017-2018/10992 CPE 105 credits
Wholesale and Retail TradeConstructionReal EstateManufacturingOthers (Service and Process Industries (Textiles, Packaging, Steel & Metal))
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Career composition · 10 CIRP mandates
3
4
3
Resolved 3 Liquidation 4 Under CIRP 3
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 3 Liquidation 4 Under CIRP 3 Standing
Mandates
10cases
Top 20% by mandate count · last appointed Apr 2026
Claims Managed
Rs 716Cr
across 5 cases with figures
Realised for Creditors
Rs 74Cr
10.4% of admitted claims
Resolved
3cases
43% resolution rate
Recovery vs LV
89.7%
1 of 3 beat the floor
Typical CIRP Time
17 months
nationally 16 months
Largest Mandate
Rs 338 Cr
TAQUITO LEASE OPERATORS…

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
Deegee Cotsyn Private Limited
U17121MH2006PTC162564
→ acquired by Manjeet Cotton Private Limited
RP · Apr 2019
IRP · Sep 2019
🔒 🔒 🔒 3y
to Mar 2022
Steamline Industries Limited
U51900MH1991PLC062917
→ acquired by Invent Assets Securitisation & Reconstruction Company Private Limited and GMT Pipes & Tubes Private Limited
IRP · Mar 2019
RP · May 2019
🔒 🔒 🔒 4y 4mo
to Aug 2023
Pushp Ratna Realty Private Limited
U70100MP2008PTC020794
→ acquired by Mr. Rajendra Hirani
IRP · Oct 2024
RP · Nov 2024
🔒 🔒 🔒 17 mo
to Mar 2026

Liquidation — order passed

4
Liquidation mandates4on this professional's record
Taken to dissolution04 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Kevin Ventures LLP
AAE8716
Liquidator · Dec 2024
🔒 🔒 🔒 15 mo
to Dec 2024
Pradhvi Multitrade Private Limited
U51101MH2011PTC214077
RP · Oct 2024
Liquidator · Apr 2026
1y 9mo
to Apr 2026
NAGRAJ ALLOYS PRIVATE LIMITED
U51101MH2011PTC223836
RP · Mar 2024
🔒 🔒 🔒 10 mo
to Nov 2024
TAQUITO LEASE OPERATORS PRIVATE LIMITED
U70103MH2012PTC231662
Liquidator · Nov 2024
🔒 🔒 🔒 12 mo
to Nov 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

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: SPENTA SUN CITY PRIVATE LIMITED at 804 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
SPENTA SUN CITY PRIVATE LIMITED
U45209MH2013PTC239924
Construction & Infrastructure
RP · Aug 2024
804d past 330d limit Under CIRP
J C T LIMITED
L17117PB1946PLC004565
Textiles & Apparel
IRP · Oct 2024
RP · Jul 2025
697d past 330d limit Inviting EoI
Supermak Foils Private Limited
U21020GJ2005PTC046682
Other Manufacturing
IRP · Apr 2025
RP · Jun 2025
512d 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.
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 20% of 2,365 ranked
Recovery vs liquidation value89.7%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 3
Typical time to outcome17 months
national median 16 months · median of 7 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 Professional13
Liquidator3
Of these, 5 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
Mumbai7 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Chandigarh1 mandate
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Indore1 mandate
Bench median 15 months to outcome · 49% resolved (35 concluded cases)
Hasti runs a median 17 months to outcome across 7 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 closing 33 days faster 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
Trading & Distribution4
Textiles & Apparel2
Real Estate & Housing2
Other Manufacturing1
Construction & Infrastructure1

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