Resolved — plan approved
2Acquirer 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 |
|---|---|---|---|---|---|
|
Nyka Steels Private Limited
U27109MH1995PTC091072
→ acquired by Lalita Santosh Powle in Consortium with Pravesh Seafood Private Limited
|
IRP · Feb 2023
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 17 mo
to Jun 2024
|
|
Value Direct Communication Private Limited
U74990MH2010PTC200916
→ acquired by Tatkal Loan India Private Limited
|
IRP · Feb 2023
|
🔒 | 🔒 | 🔒 | 1y 7mo
to Oct 2024
|
Liquidation — order passed
4Liquidation mandates4on this professional's record
Taken to dissolution04 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Costra Advertising India Private Limited
U22190MH2007PTC167348
|
IRP · Oct 2019
RP · Dec 2019
Liquidator · Feb 2023
|
🔒 | 🔒 | 🔒 | 3y 3mo
to Feb 2023
|
|
JANS COPPER PRIVATE LIMITED
U27310MH2011PTC215149
|
IRP · Feb 2023
RP · Apr 2023
|
🔒 | 🔒 | 🔒 | 18 mo
to Aug 2024
|
|
AGRASEN TRADE MERCHANTS PRIVATE LIMITED
U28100MH2010PTC206067
|
IRP · Mar 2023
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Dec 2024
|
|
Matrushree Export Private Limited
U99999MH1991PTC064072
|
IRP · Feb 2023
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 10 mo
to Nov 2023
|
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
1Where 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: D J Appliances Private Limited at 1,248 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
D J Appliances Private Limited
U74900MH2008PTC183082
Other Services |
IRP · Apr 2023
RP · Jun 2023
|
1,248d 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.
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
ELLORA BUILD SPACES PRIVATE LIMITED
U70200MH2009PTC195433
Real Estate & Housing |
IRP · Nov 2019
|
6y 9mo |
Voluntary liquidations
4Solvent 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
Dissolution orders read1 of 4
the tribunal's own order, field by field — expand a row for the dated sequence
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| AGRI POWER AND ENGINEERING SOLUTIONS PRIVATE LIMITED U31900KA2013PTC070549
|
Voluntary Liquidator · Jan 2025 |
— | — | — | in process |
| JUPITER FINSOL PRIVATE LIMITED (OPC) U67190MH2005OPC155797
|
Voluntary Liquidator · Mar 2024 |
— | — | — | in process |
| TWO OCEANS STRATEGY INDIA PRIVATE LIMITED U73200DL2020FTC367558
|
Voluntary Liquidator · Aug 2024 |
— | — | — | in process |
| MAHAVIR METAL WORKS PRIVATE LTD U74899MH1968PTC323075
4 dated steps in the orderMUMBAI COURT- IV
|
Voluntary Liquidator · Jan 2024 |
— | — | — | 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 countTop 20% of 2,308 ranked
Recovery vs liquidation value109.6%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 2
Typical time to outcome19 months
national median 16 months · median of 6 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 Professional14
Liquidator1
Voluntary Liquidator4
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
Mumbai8 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Hitesh runs a median 19 months to outcome across 6 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 moving at the pace of his own forums, within a month either way.
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 Manufacturing3
Other Services3
Steel & Metals1
Real Estate & Housing1
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