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 |
|---|---|---|---|---|---|
|
Badami Sugars Limited
U15429KA2002PLC029955
→ acquired by Shri Sai Priya Sugars Limited
|
IRP · Sep 2019
RP · Nov 2019
|
🔒 | 🔒 | 🔒 | 9 mo
to Jul 2020
|
|
DUNLOP POLYMERS PRIVATE LIMITED
U25199KA2003PTC032070
→ acquired by Mr. Saikam Sivachaitanya (Successful Resolution Applicant/SRA)
|
IRP · Jan 2024
IRP · Jan 2024
RP · Jan 2024
RP · Jan 2024
|
Rs 102 Cr | Rs 17 Cr | 104.3% | 6y 10mo
to May 2026
|
Liquidation — order passed
1412 of 14 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates14on this professional's record
Taken to dissolution122 still in process
Distributed vs liquidation value63.2%across 8 cases with both figures · whole record 79.7%
Order to dissolution19 moaverage over 9 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
SRIYA FARMS AND FEEDS PRIVATE LIMITED
U05000KA2015PTC079879
|
IRP · Oct 2024
RP · Nov 2024
|
🔒 | 🔒 | 🔒 | 17 mo
to Mar 2026
|
|
SCOTTS GARMENTS LIMITED
U18101KA2002PLC030185
|
Liquidator · Oct 2023
|
🔒 | 🔒 | 🔒 | 5y 2mo
to Oct 2023
|
|
PINK ROSE LINGERIE PRIVATE LIMITED
U18101KA2008PTC045542
|
Liquidator · Dec 2019
|
🔒 | 🔒 | 🔒 | 10 mo
to Dec 2019
|
|
INMARK RETAIL PRIVATE LIMITED
U18101KA2008PTC047261
|
RP · Jul 2020
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 4 mo
to Sep 2020
|
|
KANVA FASHIONS LIMITED
U18109KA1999PLC025423
|
IRP · Jul 2023
RP · Sep 2023
Liquidator · Feb 2025
|
🔒 | 🔒 | 🔒 | 1y 6mo
to Feb 2025
|
|
MAHARAJA TECHNO CHROMES PRIVATE LIMITED
U27209KA2001PTC029627
|
RP · May 2021
Liquidator · Feb 2022
|
🔒 | 🔒 | 🔒 | 10 mo
to Feb 2022
|
|
BLUE WHALE MACHINERY TECHNOLOGIES PRIVATE LIMITED
U29128KA2007PTC044409
|
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 2 mo
to Sep 2020
|
|
GCL PRIVATE LIMITED
U29263KA1996PTC020217
|
Liquidator · Jun 2020
|
🔒 | 🔒 | 🔒 | 14 mo
to Jun 2020
|
|
OLYMPIC SPORTSWARE & EQUIPMENTS PRIVATE LIMITED
U36931KA1989PTC009742
|
Liquidator · Jun 2025
|
🔒 | 🔒 | 🔒 | 2y 6mo
to Jun 2025
|
|
MICROSUN SOLAR TECH PRIVATE LIMITED
U40106KA2007PTC043606
|
RP · May 2021
Liquidator · Feb 2022
|
🔒 | 🔒 | 🔒 | 10 mo
to Feb 2022
|
|
BAVA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED
U45200KA2009PTC050351
|
IRP · Jun 2024
|
🔒 | 🔒 | 🔒 | 12 mo
to Jun 2025
|
|
AIR PEGASUS PRIVATE LIMITED
U62100KA2007PTC044061
|
RP · Nov 2019
Liquidator · Jun 2020
|
🔒 | 🔒 | 🔒 | 10 mo
to Jun 2020
|
|
BHADRAVATI BALAJI OIL PALMS LIMITED
U85110KA1991PLC012655
|
Liquidator · Oct 2023
|
🔒 | 🔒 | 🔒 | 5y 11mo
to Oct 2023
|
|
KPR SILKS LIMITED
U85110KA1994PLC016399
|
IRP · Dec 2022
RP · Nov 2024
|
🔒 | 🔒 | 🔒 | 12 mo
to Dec 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
2Where 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: SEVEN H LOGISTICS PRIVATE LIMITED at 1,435 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
SEVEN H LOGISTICS PRIVATE LIMITED
U63010KA2008PTC045462
Logistics & Transport |
RP · Mar 2024
|
1,435d past 330d limit | Inviting EoI |
|
VEERA VAHANA UDYOG PRIVATE LIMITED
U50102KA2004PTC034438
Trading & Distribution |
IRP · Mar 2025
|
544d past 330d limit | Inviting EoI |
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 |
|---|---|---|
|
APPLE SPIRE INDIA LLP
AAC7595
Construction & Infrastructure |
IRP · Jul 2023
|
3y 2mo |
Voluntary liquidations
3Solvent 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 dissolution10 mo
across 3 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 3
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 |
|---|---|---|---|---|---|
| ELITE LEATHER INTERNATIONAL PRIVATE LIMITED U51216KA1979PTC003440
8 dated steps in the orderSPECIAL BENCH, BENGALURU
|
Voluntary Liquidator · Feb 2023 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 10 mo to Dec 2023 |
| ENTERPRISE NUBE SERVICES PRIVATE LIMITED U72200KA2011PTC060488
|
Voluntary Liquidator · Sep 2018 |
Rs 0 Cr | — | — | 8 mo to May 2019 |
| ACENDRE INDIA PRIVATE LIMITED U72200KA2016FTC085801
7 dated steps in the orderSPECIAL BENCH, BENGALURU
|
Voluntary Liquidator · Dec 2021 |
Rs 4 Cr | Rs 1 Cr | Rs 3 Cr | 1y 8mo to Aug 2023 |
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 5% of 2,365 ranked
At Bengaluru bench — by mandate countTop 5% of 65
Recovery vs liquidation value135.0%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 2
Typical time to outcome12 months
national median 16 months · median of 16 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 Professional20
Liquidator11
Voluntary Liquidator3
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
Bengaluru18 mandates
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Kolkata1 mandate
Bench median 14 months to outcome · 33% resolved (528 concluded cases)
Madhugiri runs a median 12 months to outcome across 16 concluded mandates.
The benches those mandates sit in run at 12 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
Textiles & Apparel4
Construction & Infrastructure2
Food & Agro2
Machinery & Equipment2
Logistics & Transport2
Healthcare2
Chemicals & Plastics1
Steel & Metals1
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