Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
STARLIT POWER SYSTEMS LIMITED
L37200DL2008PLC174911
→ acquired by Ms. Babita Jain
|
IRP · Mar 2023
RP · Apr 2023
|
🔒 | 🔒 | 🔒 | 14 mo
to May 2024
|
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: BESTWAYS TRANSPORT (INDIA) PRIVATE LIMITED at 2,006 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
BESTWAYS TRANSPORT (INDIA) PRIVATE LIMITED
U63090HR1983PTC016952
Logistics & Transport |
IRP · Mar 2021
RP · Apr 2021
|
2,006d past 330d limit | Under CIRP |
|
Fairwealth Housing Private Limited
U70200HR2009PTC039709
Real Estate & Housing |
IRP · Jun 2022
|
1,574d past 330d limit | Inviting EoI |
|
Rahul Sales Limited
U55109CH1991PLC011625
Hospitality & Leisure |
IRP · Sep 2023
|
1,104d past 330d limit | Inviting EoI |
|
HEAVEN AHEAD VOYAGE PRIVATE LIMITED
U74110DL2011PTC226655
Other Services |
IRP · Oct 2023
RP · Oct 2023
|
1,058d past 330d limit | Inviting EoI |
|
PARAM RENEWABLE ENERGY PRIVATE LIMITED
U74999GJ2019PTC105888
Other Services |
IRP · Apr 2026
Deemed RP · May 2026
|
154d within 180d | Inviting EoI |
|
PITHADAI CONSTRUCTION PRIVATE LIMITED
U45203GJ2015PTC083371
Construction & Infrastructure |
IRP · Jun 2026
|
104d 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Withdrawn / settled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 |
|---|---|---|
|
COLOR PALETTE PRIVATE LIMITED
U52300DL2011PTC226536
Trading & Distribution |
IRP · Apr 2023
|
3y 5mo |
Voluntary liquidations
1Solvent 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 dissolution1y 9mo
across 1 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| SETYA BUILDERS PRIVATE LIMITED U45201CH1999PTC023086
|
Voluntary Liquidator · Feb 2021 |
Rs 0 Cr | — | Rs 0 Cr | 1y 9mo to Dec 2022 |
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 2,365 ranked
At Chandigarh bench — by mandate countTop 20% of 120
Recovery vs liquidation value116.4%
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 outcome14 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 Professional12
Voluntary Liquidator1
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
New Delhi3 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Chandigarh3 mandates
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Khushvinder runs a median 14 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds —
so he is closing 134 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
Other Services2
Other Manufacturing1
Construction & Infrastructure1
Trading & Distribution1
Hospitality & Leisure1
Logistics & Transport1
Real Estate & Housing1
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