Liquidation — order passed
11 of 1 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates1on this professional's record
Taken to dissolution10 still in process
Distributed vs liquidation value187.1%across 1 case with both figures · whole record 79.7%
Order to dissolution62 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
TIRUPATI BALAJI POLYMERS PRIVATE LIMITED
U24134GJ2011PTC064442
|
IRP · Jul 2019
RP · Aug 2019
Liquidator · Jun 2020
|
🔒 | 🔒 | 🔒 | 11 mo
to Jun 2020
|
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: LAXMI METAL SYNDICATE LLP at 389 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
LAXMI METAL SYNDICATE LLP
AAY7560
Trading & Distribution |
IRP · Sep 2025
|
389d 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.
Voluntary liquidations
13Solvent 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 dissolution17 mo
across 8 completed · every VL on record runs 1y 8mo
Dissolution orders read7 of 13
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 |
|---|---|---|---|---|---|
| DYM TECHCOM INDIA PRIVATE LIMITED U25200GJ2006PTC047756
|
Voluntary Liquidator · Feb 2020 |
Rs 1 Cr | — | Rs 1 Cr | 12 mo to Mar 2021 |
| IPLAST INDUSTRIES PRIVATE LIMITED U25203GJ2015PTC108867
7 dated steps in the orderAhmedabad Division Bench Court - 1
|
Voluntary Liquidator · Jul 2024 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 3 mo to Oct 2024 |
| BALEX METALS PRIVATE LIMITED U27209GJ2022PTC129100
|
Voluntary Liquidator · Jan 2025 |
— | — | — | in process |
| IDESA INDIA PRIVATE LIMITED U29100GJ2019FTC111654
|
Voluntary Liquidator · Feb 2026 |
— | — | — | in process |
| DALFAB ENGINEERS PRIVATE LIMITED U29199GJ1990PTC014359
8 dated steps in the orderDIVISION BENCH, COURT - 1, AHMEDABAD
|
Voluntary Liquidator · Jul 2025 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 5 mo to Dec 2025 |
| AMIGO DISPENSING SOLUTIONS PRIVATE LIMITED U29252GJ2001PTC040102
|
Voluntary Liquidator · Feb 2026 |
— | — | — | in process |
| MRB BUILDERS PRIVATE LIMITED U45201GJ1983PTC006158
4 dated steps in the orderAhmedabad Division Bench Court - 1
|
Voluntary Liquidator · Feb 2022 |
Rs 2 Cr | Rs 0 Cr | Rs 2 Cr | 1y 9mo to Nov 2023 |
| INTERNATIONAL HOTEL SUPPLY (INDIA) PRIVATE LIMITED U51909MH2018FTC315844
|
Voluntary Liquidator · Feb 2025 |
— | — | — | in process |
| NJ GLOBAL FINANCE (IFSC) PRIVATE LIMITED U65929GJ2017PTC097830
6 dated steps in the orderAhmedabad Division Bench Court - 1
Delay recorded in the order“Preliminary Report estimated liquidation to be over by 30.06.2022 while liquidation commenced on 23.03.2022 and petition was filed on 13.10.2022, subsequently regularized by extending time via EGM on 16.09.2023.” |
Voluntary Liquidator · Mar 2022 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 1y 7mo to Oct 2023 |
| ENLIGHTENMENT 99 SOFTWARE CONSULTANTS PRIVATE LIMITED U72200GJ2004PTC043778
6 dated steps in the orderAhmedabad Bench Court No. II
|
Voluntary Liquidator · Feb 2021 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 2y 8mo to Nov 2023 |
| INDUSFACE TELECOM PRIVATE LIMITED U72900GJ2008PTC055575
|
Voluntary Liquidator · Feb 2026 |
— | — | — | in process |
| ATLAS CONVERTING EQUIPMENT (INDIA) PRIVATE LIMITED U74930MH2011FTC223810
8 dated steps in the orderMUMBAI BENCH-VI
|
Voluntary Liquidator · May 2023 |
Rs 1 Cr | Rs 0 Cr | Rs 0 Cr | 14 mo to Jul 2024 |
| ICP INDUSTRIAL COATINGS INDIA PRIVATE LIMITED U74999GJ2018FTC131702
6 dated steps in the orderAhmedabad Court - 2
|
Voluntary Liquidator · Apr 2024 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 1y 10mo to Feb 2026 |
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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Claim profile →Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,567 ranked
Typical time to outcome11 months
national median 16 months · median of 1 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 Professional3
Liquidator1
Voluntary Liquidator13
Of these, 2 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
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Kashyap runs a median 11 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 15 months, weighted by how many of his cases each one holds —
so he is closing 126 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 & Distribution1
Chemicals & Plastics1
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