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 |
|---|---|---|---|---|---|
|
UTTAM GALVA STEELS LIMITED
L27104MH1985PLC035806
→ acquired by AM Mining India Private Limited
|
IRP · Oct 2020
RP · Nov 2020
|
🔒 | 🔒 | 🔒 | 5y 6mo
to Oct 2022
|
|
NECTAR PRINTS PRIVATE LIMITED
U22200MH1998PTC116968
→ acquired by Xpress Art
|
IRP · May 2024
|
🔒 | 🔒 | 🔒 | 1y 6mo
to Nov 2025
|
Liquidation — order passed
81 of 8 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates8on this professional's record
Taken to dissolution17 still in process
Order to dissolution238 daysaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
MAHILA UDYOG LIMITED
U15136MH1965PLC013242
|
Liquidator · Apr 2025
|
🔒 | 🔒 | 🔒 | 8 mo
to Apr 2025
|
|
Asmi Metal Products Private Limited
U28991MH1986PTC041696
|
IRP · Oct 2019
RP · Nov 2019
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 11 mo
to Sep 2020
|
|
Damoh - Jabalpur Toll Roads Limited
U45203MH2009PLC193948
|
IRP · Dec 2019
RP · May 2020
Liquidator · Dec 2021
|
🔒 | 🔒 | 🔒 | 1y 11mo
to Dec 2021
|
|
PHADNIS INFRASTRUCTURE LIMITED
U45209PN2005PLC021262
|
IRP · Sep 2017
RP · Jan 2018
Liquidator · May 2018
|
🔒 | 🔒 | 🔒 | 8 mo
to May 2018
|
|
AHALYA TRADING PRIVATE LIMITED
U51900MH1994PTC080833
|
IRP · Oct 2023
RP · Nov 2023
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Jun 2024
|
|
SUN-POWER METALICS PRIVATE LIMITED
U51909MH2014PTC252236
|
Liquidator · Apr 2025
|
🔒 | 🔒 | 🔒 | 16 mo
to Apr 2025
|
|
Phadnis Properties Limited
U70102PN2006PLC128911
|
IRP · Sep 2017
RP · Jan 2018
Liquidator · May 2018
|
🔒 | 🔒 | 🔒 | 8 mo
to May 2018
|
|
ZEEL GLOBAL PROJECTS PRIVATE LIMITED
U74999PN2009PTC133790
|
IRP · Apr 2017
RP · Jan 2018
Liquidator · May 2018
|
🔒 | 🔒 | 🔒 | 12 mo
to May 2018
|
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: SHAILA CLUBS AND RESORTS PRIVATE LIMITED at 1,152 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
SHAILA CLUBS AND RESORTS PRIVATE LIMITED
U55101PN2005PTC020668
Trading & Distribution |
IRP · Oct 2021
IRP · Oct 2021
RP · Nov 2021
RP · Nov 2021
IRP · Jul 2023
IRP · Jul 2023
RP · Aug 2023
RP · Aug 2023
|
1,152d past 330d limit | Under CIRP |
|
Piyali Trading Company Private Limited
U55101MH1998PTC117529
Trading & Distribution |
IRP · Jun 2025
|
470d 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.
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
OKAY ESTATE DEVELOPERS PRIVATE LIMITED
U70100MH1995PTC091260
Real Estate & Housing |
IRP · Mar 2020
|
6y 6mo |
Voluntary liquidations
5Solvent 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 dissolution2y 7mo
across 3 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 5
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 |
|---|---|---|---|---|---|
| Kendrion (Pune) Private Limited U29268PN2011FTC138221
7 dated steps in the orderMUMBAI BENCH, COURT-I
|
Voluntary Liquidator · Sep 2020 |
Rs 6 Cr | Rs 0 Cr | Rs 6 Cr | 2y 7mo to Apr 2023 |
| SHRI MAHARAJA AGRASEN LAND DEVELOPERS PRIVATE LIMITED U45200MH2005PTC152087
|
Voluntary Liquidator · Feb 2025 |
— | — | — | in process |
| EDGEN MURRAY (INDIA) PRIVATE LIMITED U51909PN2010FTC157439
|
Voluntary Liquidator · Aug 2017 |
Rs 1 Cr | — | Rs 1 Cr | 3y 11mo to Aug 2021 |
| MODULAR MINING SYSTEMS INDIA PRIVATE LIMITED U72900PN2006FTC129077
7 dated steps in the orderMUMBAI BENCH, COURT – II
Delay recorded in the order“Distribution of proceeds to the stakeholders was delayed as the bank processing took more time than expected considering there were four foreign remittances. Also, the Submission of Final Report could not be on time because of resignation of a key employee.” |
Voluntary Liquidator · Sep 2021 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 2y 7mo to May 2024 |
| ECOF SCHOLASTIC PRIVATE LIMITED U74999PN2005PTC020228
|
Voluntary Liquidator · Feb 2024 |
— | — | — | in process |
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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Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,365 ranked
At Mumbai bench — by mandate countTop 20% of 438
Recovery vs liquidation value174.9%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 2
Typical time to outcome14 months
national median 16 months · median of 10 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 Professional25
Liquidator7
Voluntary Liquidator5
Of these, 11 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
Mumbai13 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Milind runs a median 14 months to outcome across 10 concluded mandates.
The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds —
so he is closing 128 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 & Distribution4
Other Manufacturing2
Construction & Infrastructure2
Real Estate & Housing2
Steel & Metals1
Food & Agro1
Other Services1
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