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Home / RP Tracker / Manish Kumar Bhagat

Manish Kumar Bhagat UNCLAIMED PROFILE

Insolvency Professional · Gujarat · Active since 2019
IPA ICAI IIIPI Bench Ahmedabad · West Reg IBBI/IPA-001/IP-P00856/2017-2018/11438 CPE 153 credits
HotelsWholesale and Retail TradeManufacturingOthers (Textile, Chemical, Metal)
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Viewed in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 16 CIRP mandates
2
6
5
3
Resolved 2 Liquidation 6 Under CIRP 5 Withdrawn / settled 3
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 2 Liquidation 6 Under CIRP 5 Withdrawn 3 Voluntary 4 Standing
Mandates
13cases
Top 10% by mandate count · last appointed Mar 2025
Claims Managed
Rs 1,260Cr
across 8 cases with figures
Realised for Creditors
Rs 54Cr
4.3% of admitted claims
Resolved
2cases
25% resolution rate
Recovery vs LV
233.3%
2 of 2 beat the floor
Typical CIRP Time
14 months
nationally 16 months
Largest Mandate
Rs 453 Cr
Atrium Infocomm Private…

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
Perfect Boring Private Limited
U29222GJ2001PTC039563
→ acquired by Shyam Plastic Machinery
IRP · Sep 2019
RP · Dec 2019
🔒 🔒 🔒 18 mo
to Mar 2021
M V Omni Projects (India) Limited
U45209GJ2002PLC040887
→ acquired by Mr. M. C. Pandey jointly with others
IRP · Aug 2019
🔒 🔒 🔒 17 mo
to Jan 2021

Liquidation — order passed

6
1 of 6 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates6on this professional's record
Taken to dissolution15 still in process
Distributed vs liquidation value65.4%across 1 case with both figures · whole record 79.7%
Order to dissolution50 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Gupta Dyeing And Printing Mills Private Limited
U17110GJ1986PTC008841
Liquidator · Dec 2019
🔒 🔒 🔒 10 mo
to Dec 2019
Rashmi Yarns Limited
U17110GJ1997PLC033075
IRP · May 2019
IRP · May 2019
🔒 🔒 🔒 4y 3mo
to Sep 2023
Atrium Infocomm Private Limited
U32100GJ1997PTC032724
IRP · Jul 2019
🔒 🔒 🔒 5 mo
to Dec 2019
Shree Narmada Architectural Systems Limited
U45200GJ2000PLC037316
IRP · Dec 2019
RP · Jan 2020
Liquidator · Jul 2020
🔒 🔒 🔒 7 mo
to Jul 2020
PIONEER GLOBEX PRIVATE LIMITED
U51909GJ2013PTC077606
Liquidator · Feb 2021
🔒 🔒 🔒 13 mo
to Feb 2021
Laxmipati Balaji Infra Private Limited
U70101MP2015PTC034019
IRP · Jun 2019
🔒 🔒 🔒 16 mo
to Sep 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

5
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
5past 330d
Longest-running live mandate: Pankaj Events & Celebrations Pvt. Ltd. at 2,001 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Pankaj Events & Celebrations Pvt. Ltd.
U92100GJ2013PTC076178
Other Services
IRP · Mar 2021
2,001d past 330d limit Under CIRP
FAMOUS TRADELINE PRIVATE LIMITED
U51109GJ2012PTC069439
Trading & Distribution
IRP · Apr 2021
RP · Jun 2021
1,996d past 330d limit Under CIRP
Deccan Charters Private Limited
U63033KA2007PTC042858
Logistics & Transport
IRP · Apr 2024
900d past 330d limit Under CIRP
HOTEL NETRA PALACE PRIVATE LIMITED
U55101GJ2003PTC042092
Hospitality & Leisure
RP · Jul 2024
866d past 330d limit Inviting EoI
Sebacic India Limited
U24100GJ2007PLC051697
Chemicals & Plastics
IRP · May 2024
RP · Jun 2024
860d 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

3
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Arihant Pumps Pvt. Ltd.
U29120GJ1988PTC011451
Machinery & Equipment
IRP · Nov 2019
6y 10mo
Archon Powerinfra India Private Limited
U45200GJ2010PTC062145
Construction & Infrastructure
IRP · Feb 2020
6y 7mo
Karington Club and Resort Limited
U55109GJ2018PLC103537
Trading & Distribution
IRP · Jul 2019
IRP · Jul 2019
7y 2mo

Voluntary liquidations

4
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 dissolution1y 6mo across 2 completed · every VL on record runs 1y 8mo
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
EQUIMEDICAL PRIVATE LIMITED
U33209KA2021PTC155231
Voluntary Liquidator · Sep 2024
Rs 0 Cr Rs 0 Cr Rs 0 Cr 1y 8mo
to May 2026
TUSK BITUMIN TRADING PRIVATE LIMITED
U51909GJ2021PTC151711
Voluntary Liquidator · Mar 2025
in process
TUSK INTERNATIONAL IMPEX PRIVATE LIMITED
U51909GJ2022PTC137388
Voluntary Liquidator · Mar 2025
in process
BATWINGS LEARNING CENTERS PRIVATE LIMITED
U80901WB2015PTC205334
Voluntary Liquidator · Sep 2024
Rs 0 Cr Rs 0 Cr Rs 0 Cr 16 mo
to Jan 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 →.
Report an error →
Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,365 ranked
At Ahmedabad bench — by mandate countTop 20% of 130
Recovery vs liquidation value233.3%
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 outcome14 months
national median 16 months · median of 8 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
Liquidator3
Voluntary Liquidator4
Of these, 13 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
Ahmedabad15 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (177 concluded cases)
Manish runs a median 14 months to outcome across 8 concluded mandates. The benches those mandates sit in run at 15 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
Machinery & Equipment3
Construction & Infrastructure3
Trading & Distribution3
Textiles & Apparel2
Chemicals & Plastics1
Hospitality & Leisure1
Logistics & Transport1
Real Estate & Housing1

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