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Home / RP Tracker / Hirachand Nemichand Bafna

Hirachand Nemichand Bafna UNCLAIMED PROFILE

Insolvency Professional · Active since 2019
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P01207/2018-2019/11922 CPE 88 credits
Other ServicesPower & EnergyChemicals & PlasticsTrading & DistributionOther ManufacturingTextiles & Apparel
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Career composition · 8 CIRP mandates
1
4
3
Resolved 1 Liquidation 4 Under CIRP 3
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 4 Under CIRP 3 Voluntary 3 Standing
Mandates
8cases
4 with financials · last appointed Aug 2024
Claims Managed
Rs 391Cr
across 4 cases with figures
Realised for Creditors
Rs 54Cr
13.8% of admitted claims
Resolved
1cases
20% resolution rate
Recovery vs LV
116.7%
1 of 1 beat the floor
Typical CIRP Time
30 months
nationally 16 months
Largest Mandate
Rs 330 Cr
M/s. Prince SWR Systems…

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
M/s. Prince SWR Systems Private Limited
U25206MH1995PTC086960
→ acquired by Chemtrade Overseas Private Limited
IRP · Apr 2021
RP · Apr 2021
🔒 🔒 🔒 3y 10mo
to Mar 2025

Liquidation — order passed

4
Liquidation mandates4on this professional's record
Taken to dissolution04 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
DRD GEMS LLP
AAC8670
IRP · Dec 2022
Liquidator · Feb 2024
🔒 🔒 🔒 14 mo
to Feb 2024
VHM Industries Limited
U17100MH1987PLC044506
IRP · Aug 2022
IRP · Aug 2022
🔒 🔒 🔒 2y 10mo
to Jun 2025
ARIHA CHEMICALS PRIVATE LIMITED
U24301MH2013PTC245730
IRP · May 2019
🔒 🔒 🔒 2y 6mo
to Nov 2021
VIRGO HOME DEZINER PRIVATE LIMITED
U52609MH2010PTC241562
IRP · Feb 2019
🔒 🔒 🔒 2y 6mo
to Aug 2021
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: Paramvir Real Estate LLP at 2,586 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Paramvir Real Estate LLP
AAB4721
Construction & Infrastructure
IRP · Aug 2019
2,586d past 330d limit Under CIRP
Interspace Solutions Private Limited
U74900MH2013PTC241779
Other Services
IRP · Jun 2019
IRP · Jun 2019
1,831d past 330d limit Under CIRP
ETC ENERGY THERAPY CO PVT LTD
U40300MH2010PTC201185
Power & Energy
IRP · Jul 2024
RP · Aug 2024
806d 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.

Voluntary liquidations

3
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 dissolution2y 1mo across 3 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 3 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
AISA AUTOMOTION & ROBOTICS PRIVATE LIMITED
U29190MH2008PTC178246
Voluntary Liquidator · Mar 2019
Rs 0 Cr — — 12 mo
to Mar 2020
INMARCO TREM SEALS PRIVATE LIMITED
U29199MH2006PTC162782
Voluntary Liquidator · Mar 2019
Rs 0 Cr — Rs 0 Cr 2y 1mo
to Apr 2021
innamrco universal gasket private limited
U51900MH2008PTC187326
4 dated steps in the order
MUMBAI BENCH: C-IV
  1. Members' resolution11 Feb 2019
  2. Public announcement16 Mar 2019
  3. Final report26 May 2023
  4. Dissolution order17 Jan 2024
Voluntary Liquidator · Mar 2019
Rs 1 Cr Rs 0 Cr Rs 1 Cr 4y 10mo
to Jan 2024
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 count8 mandates on record
Recovery vs liquidation value116.7%
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 outcome30 months
national median 16 months · median of 5 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
Liquidator1
Voluntary Liquidator3
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
Mumbai7 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Hirachand runs a median 30 months to outcome across 5 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 370 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 Services2
Construction & Infrastructure1
Textiles & Apparel1
Other Manufacturing1
Chemicals & Plastics1
Power & Energy1
Trading & Distribution1
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