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Home / RP Tracker / Hitesh Kothari

Hitesh Kothari UNCLAIMED PROFILE

Insolvency Professional · Active since 2019
IPA ICSI IIP Bench Mumbai · West Reg IBBI/IPA-002/IP-N00324/2017-2018/10929 CPE 123 credits
Other ManufacturingOther ServicesSteel & MetalsReal Estate & Housing
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Viewed in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 8 CIRP mandates
2
4
1
1
Resolved 2 Liquidation 4 Under CIRP 1 Withdrawn / settled 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 2 Liquidation 4 Under CIRP 1 Withdrawn 1 Voluntary 4 Standing
Mandates
7cases
Top 20% by mandate count · last appointed Jan 2025
Claims Managed
Rs 103Cr
across 6 cases with figures
Realised for Creditors
Rs 10Cr
10.1% of admitted claims
Resolved
2cases
33% resolution rate
Recovery vs LV
109.6%
1 of 2 beat the floor
Typical CIRP Time
19 months
nationally 16 months
Largest Mandate
Rs 53 Cr
Nyka Steels Private Lim…

Resolved — plan approved

2
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
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

4
Liquidation mandates4on this professional's record
Taken to dissolution04 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
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

1
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1past 330d
Longest-running live mandate: D J Appliances Private Limited at 1,248 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
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

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
ELLORA BUILD SPACES PRIVATE LIMITED
U70200MH2009PTC195433
Real Estate & Housing
IRP · Nov 2019
6y 9mo

Voluntary liquidations

4
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.
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 DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → 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 order
MUMBAI COURT- IV
  1. Members' resolution14 Dec 2023
  2. Commencement6 Jan 2024
  3. Public announcement10 Jan 2024
  4. Dissolution order7 Jul 2026
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 →.
Report an error →
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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