Resolved — plan approved
4Acquirer 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 |
|---|---|---|---|---|---|
|
OPTUS LAMINATES PRIVATE LIMITED
U20210GJ2004PTC044949
→ acquired by Anu Rakesh Agarwal
|
IRP · Jan 2024
RP · Mar 2024
|
🔒 | 🔒 | 🔒 | 10 mo
to Nov 2024
|
|
ALM Metals and Alloys Limited
U27100GJ2010PLC081572
→ acquired by Rajat Minerals - Consortium of Ankit Kansagra & Kanchan Kansagra
|
RP · Jun 2021
|
🔒 | 🔒 | 🔒 | 15 mo
to Jul 2022
|
|
FAVOURITE FABTECH PRIVATE LIMITED
U29100GJ2011PTC066371
→ acquired by Members of the Suspended Management of Corporate Debtor i.e. Mr.Vikramsinh Bharatsinh Raijada
|
RP · Mar 2021
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Dec 2021
|
|
Tribesmen Graphics Private Limited
U93000GJ2012PTC069084
→ acquired by Jagdushah International Private Limited
|
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 14 mo
to Mar 2024
|
Liquidation — order passed
92 of 9 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates9on this professional's record
Taken to dissolution27 still in process
Order to dissolution13 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
MITHILANCHAL INDUSTRIES PRIVATE LIMITED
U17120GJ2012PTC069998
|
IRP · Apr 2021
RP · May 2021
|
🔒 | 🔒 | 🔒 | 2y 5mo
to Sep 2023
|
|
BANWARI ENTERPRISES PRIVATE LIMITED
U17299GJ2019PTC109071
|
Liquidator · Nov 2025
|
🔒 | 🔒 | 🔒 | 17 mo
to Nov 2025
|
|
TELSTAR INDUSTRIES PRIVATE LIMITED
U25209GJ2010PTC059575
|
IRP · Apr 2021
RP · May 2021
|
🔒 | 🔒 | 🔒 | 2y 5mo
to Sep 2023
|
|
ETERNAL MOTORS PRIVATE LIMITED
U34201GJ1998PTC034222
|
RP · Nov 2022
|
🔒 | 🔒 | 🔒 | 13 mo
to Sep 2023
|
|
RMOL ENGINEERING AND OFFSHORE LIMITED
U35100GJ2012PLC070568
|
Liquidator · Dec 2021
|
🔒 | 🔒 | 🔒 | 2y 3mo
to Dec 2021
|
|
Sanghvi Land Developers Private Limited
U45202MH2001PTC132180
|
RP · Jul 2024
|
🔒 | 🔒 | 🔒 | 10 mo
to Nov 2024
|
|
Neesa Infrastructure Limited
U45203GJ2003PLC062049
|
Liquidator · Sep 2024
|
🔒 | 🔒 | 🔒 | 15 mo
to Sep 2024
|
|
Steelera Engineers Private Limited
U51909GJ2016PTC093021
|
Liquidator · Aug 2024
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Aug 2024
|
|
Octagon Communications Private Limited
U74140GJ2013PTC074619
|
Liquidator · Jul 2024
|
🔒 | 🔒 | 🔒 | 2y 3mo
to Jul 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
6Where 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: Ahmedabad Ring Road Infrastructure Limited at 1,095 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Ahmedabad Ring Road Infrastructure Limited
U45203GJ2006PLC048981
Construction & Infrastructure |
IRP · Sep 2023
|
1,095d past 330d limit | Under CIRP |
|
Kethos Tiles Private Limited
U26933GJ2015PTC084080
Cement, Glass & Ceramics |
IRP · Nov 2024
IRP · Nov 2024
RP · Dec 2024
RP · Dec 2024
|
681d past 330d limit | Inviting EoI |
|
Vedik Ispat Private Limited
U27100KA1992PTC073298
Steel & Metals |
RP for Pre-pack · Feb 2025
|
598d past 330d limit | Inviting EoI |
|
PRAFFUL OVERSEAS PRIVATE LIMITED
U74899DL1990PTC041369
Other Services |
RP · Jul 2025
|
543d past 330d limit | Inviting EoI |
|
RANINGA PAPER MILLS PRIVATE LIMITED
U21000GJ2018PTC103279
Other Manufacturing |
IRP · Jul 2025
RP · Aug 2025
|
424d past 330d limit | Inviting EoI |
|
KAMDAR PLASTICS PRIVATE LIMITED
U25209MH1996PTC098169
|
IRP · Aug 2026
|
46d within 180d | Newly admitted |
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 |
|---|---|---|
|
Karington Club and Resort Limited
U55109GJ2018PLC103537
Trading & Distribution |
IRP · Sep 2021
IRP · Sep 2021
|
7y 2mo |
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 →
Is this your profile?
This page already exists — buyers already see it. Claiming puts you in control: your photo, your story, your numbers in context, enquiries routed to you.
Claim profile →Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,567 ranked
At Ahmedabad bench — by mandate countTop 20% of 132
Recovery vs liquidation value122.8%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor3 of 4
Typical time to outcome17 months
national median 16 months · median of 13 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 Professional23
Liquidator5
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
Ahmedabad16 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Mumbai2 mandates
Bench median 18 months to outcome · 34% resolved (1,250 concluded cases)
New Delhi1 mandate
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Jigar runs a median 17 months to outcome across 13 concluded mandates.
The benches those mandates sit in run at 16 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
Machinery & Equipment3
Construction & Infrastructure3
Other Services3
Textiles & Apparel2
Steel & Metals2
Trading & Distribution2
Cement, Glass & Ceramics1
Trying to reach Jigar?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.