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Home / RP Tracker / Madhugiri Venkatarayappa Sudarshan

Madhugiri Venkatarayappa Sudarshan UNCLAIMED PROFILE

Insolvency Professional · Karnataka · Active since 2018
IPA ICSI IIP Bench Bengaluru · South Reg IBBI/IPA-002/IP-N00561/2017-2018/11707 CPE 167 credits
Wholesale and Retail TradeManufacturingOthers (Garments)
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Career composition · 19 CIRP mandates
2
14
2
1
Resolved 2 Liquidation 14 Under CIRP 2 Withdrawn / settled 1
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 2 Liquidation 14 Under CIRP 2 Withdrawn 1 Voluntary 3 Standing
Mandates
18cases
Top 5% by mandate count · last appointed Jun 2025
Claims Managed
Rs 1,334Cr
across 12 cases with figures
Realised for Creditors
Rs 143Cr
10.7% of admitted claims
Resolved
2cases
13% resolution rate
Recovery vs LV
135.0%
2 of 2 beat the floor
Typical CIRP Time
12 months
nationally 16 months
Largest Mandate
Rs 671 Cr
SCOTTS GARMENTS LIMITED

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
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

14
12 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 DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
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

2
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
2past 330d
Longest-running live mandate: SEVEN H LOGISTICS PRIVATE LIMITED at 1,435 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
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

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
APPLE SPIRE INDIA LLP
AAC7595
Construction & Infrastructure
IRP · Jul 2023
3y 2mo

Voluntary liquidations

3
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.
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 DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
ELITE LEATHER INTERNATIONAL PRIVATE LIMITED
U51216KA1979PTC003440
8 dated steps in the order
SPECIAL BENCH, BENGALURU
  1. Members' resolution20 Jan 2023
  2. Commencement11 Feb 2023
  3. Public announcement13 Feb 2023
  4. Claims deadline13 Mar 2023
  5. Preliminary report28 Mar 2023
  6. Final report8 Apr 2023
  7. Application to bench1 May 2023
  8. Dissolution order7 Dec 2023
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 order
SPECIAL BENCH, BENGALURU
  1. Members' resolution2 Dec 2021
  2. Public announcement17 Dec 2021
  3. Claims deadline14 Jan 2022
  4. Preliminary report19 Jan 2022
  5. Final report26 Sep 2022
  6. Application to bench12 Oct 2022
  7. Dissolution order24 Aug 2023
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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