Resolved — plan approved
3Acquirer 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 |
|---|---|---|---|---|---|
|
SHIVOM INVESTMENT & CONSULTANCY LIMITED
L74140MH1990PLC300881
→ acquired by Sh. Prashantbhai Ghanshyambhai Ukani
|
IRP · Feb 2024
RP · Mar 2024
|
🔒 | 🔒 | 🔒 | 1y 6mo
to Aug 2025
|
|
SUBI CHEMICALS PVT LTD
U24231GJ1992PTC018170
→ acquired by M/s Nova Dyestuff Industries Pvt. Ltd
|
IRP · Nov 2022
RP · Dec 2022
|
🔒 | 🔒 | 🔒 | 9 mo
to Aug 2023
|
|
Shubhmangal Exim Private Limited
U51909GJ2013PTC076856
→ acquired by M/s. Rakesh Ramanlal Shah consortium with M/s Kalpavruksha Worldwide Private Limited
|
IRP · Sep 2021
RP · Oct 2021
|
🔒 | 🔒 | 🔒 | 17 mo
to Feb 2023
|
Liquidation — order passed
84 of 8 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates8on this professional's record
Taken to dissolution44 still in process
Distributed vs liquidation value92.9%across 4 cases with both figures · whole record 79.7%
Order to dissolution20 moaverage over 4 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
BLIZZARD CERAMICA LLP
AAT7492
|
RP · Oct 2025
|
🔒 | 🔒 | 🔒 | 11 mo
to Mar 2026
|
|
Sintex Plastics Technology Limited
L74120GJ2015PLC084071
|
RP · Jul 2023
|
🔒 | 🔒 | 🔒 | 14 mo
to May 2024
|
|
R R Polynet Private Limited
U17200GJ2012PTC071240
|
RP · May 2018
Liquidator · Apr 2019
|
🔒 | 🔒 | 🔒 | 13 mo
to Apr 2019
|
|
Sintex Oil and Gas Limited
U23300GJ2008PLC052581
|
IRP · Dec 2021
RP · Jan 2022
Liquidator · Dec 2022
|
🔒 | 🔒 | 🔒 | 11 mo
to Dec 2022
|
|
Kandla Energy and Chemicals Limited
U24230GJ2005PLC045642
|
IRP · Oct 2022
RP · Dec 2022
|
🔒 | 🔒 | 🔒 | 15 mo
to Jan 2024
|
|
Mehta & Associates Fire Protection Systems Private Limited
U27310GJ1984PTC007345
|
IRP · Dec 2020
Liquidator · Feb 2021
|
🔒 | 🔒 | 🔒 | 58d
to Feb 2021
|
|
ETERNAL MOTORS PRIVATE LIMITED
U34201GJ1998PTC034222
|
Liquidator · Sep 2023
|
🔒 | 🔒 | 🔒 | 13 mo
to Sep 2023
|
|
ZEP INFRATECH LIMITED
U74899GJ1994PLC050189
|
IRP · Jul 2023
RP · Aug 2023
|
🔒 | 🔒 | 🔒 | 1y 10mo
to Jun 2025
|
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
1Where 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: Shrinidhi Laminates Limited at 3,310 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Shrinidhi Laminates Limited
U24231GJ1991PLC016720
Other Manufacturing |
IRP · Sep 2017
|
3,310d 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
7Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
AKSHAR FABRICS PVT LTD
U17119GJ1991PTC016031
Textiles & Apparel |
IRP · Sep 2023
|
3y |
|
Milano Papers Private Limited
U21090GJ2010PTC060581
Other Manufacturing |
IRP · Dec 2020
|
5y 8mo |
|
PRASPACK INDUSTRIES PRIVATE LIMITED
U22203GJ2010PTC061326
Other Manufacturing |
IRP · Oct 2020
|
5y 11mo |
|
Alpha Nippon Innovatives Limited
U28930GJ2006PLC047896
Other Manufacturing |
IRP · Nov 2020
|
5y 10mo |
|
Heat Therm Private Limited
U29220GJ2014PTC080245
Machinery & Equipment |
IRP · Dec 2020
RP · Jan 2021
|
5y 9mo |
|
Vansh Exports Private Limited
U51109GJ2007PTC049918
Trading & Distribution |
IRP · Nov 2020
|
5y 10mo |
|
OFB TECH PRIVATE LIMITED
U74140GJ2015PTC154393
|
IRP · Jul 2025
|
14 mo |
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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Claim profile →Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,567 ranked
At Ahmedabad bench — by mandate countTop 20% of 132
Recovery vs liquidation value347.2%
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 outcome13 months
national median 16 months · median of 11 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
Liquidator4
Of these, 15 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
Ahmedabad18 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,244 concluded cases)
Nimai runs a median 13 months to outcome across 11 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 closing 71 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 Manufacturing5
Other Services3
Textiles & Apparel2
Pharmaceuticals2
Machinery & Equipment2
Trading & Distribution2
Chemicals & Plastics1
Steel & Metals1
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