Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
Rishi Ganga Power Corporation Limited
U00060PB2006PLC029675
→ acquired by Kundan Care Products Limited
|
IRP · Jan 2018
RP · Mar 2018
|
🔒 | 🔒 | 🔒 | 10 mo
to Nov 2018
|
Liquidation — order passed
51 of 5 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates5on this professional's record
Taken to dissolution14 still in process
Distributed vs liquidation value51.5%across 1 case with both figures · whole record 79.7%
Order to dissolution54 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Dunn Foods Private Limited
U15419PB2003PTC025934
|
RP · Sep 2017
Liquidator · Feb 2018
|
🔒 | 🔒 | 🔒 | 9 mo
to Feb 2018
|
|
Cheema Spintex Ltd
U17115CH1994PLC015140
|
IRP · May 2024
IRP · May 2024
IRP · May 2024
RP · Jun 2024
RP · Jun 2024
RP · Jun 2024
|
🔒 | 🔒 | 🔒 | 3y 7mo
to May 2025
|
|
Cheema Paper Mills Private Limited
U21011UR2004PTC028825
|
IRP · May 2024
RP · Jun 2024
|
🔒 | 🔒 | 🔒 | 12 mo
to May 2025
|
|
Rolex Cycles Private Limited
U35921PB1999PTC022865
|
RP · Oct 2017
|
🔒 | 🔒 | 🔒 | 7 mo
to Feb 2018
|
|
Kut Energy Private Limited
U40101HP2007PTC030745
|
IRP · Oct 2019
|
🔒 | 🔒 | 🔒 | 3y 10mo
to Aug 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
3Where 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: KSM Spinning Mills Limited at 2,471 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
KSM Spinning Mills Limited
U17111PB2004PLC027528
Textiles & Apparel |
IRP · Dec 2019
RP · Jan 2020
|
2,471d past 330d limit | Under CIRP |
|
Kaur Sain Spinners Limited
U17115PB1997PLC020455
Textiles & Apparel |
IRP · May 2024
RP · May 2025
|
861d past 330d limit | Inviting EoI |
|
Hyosung India Private Limited
U17309MH2018FTC320854
Textiles & Apparel |
IRP · Jun 2024
|
825d 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
2Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
Cheema Papers Limited
U21012UR1988PLC009679
Other Manufacturing |
IRP · Jun 2024
|
2y 3mo |
|
Txlene Forge Private Limited
U28910PB1998PTC020955
Other Manufacturing |
RP · Mar 2020
|
6y 9mo |
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 20% of 2,365 ranked
At Chandigarh bench — by mandate countTop 10% of 120
Recovery vs liquidation value296.6%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 1
Typical time to outcome11 months
national median 16 months · median of 6 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
Liquidator1
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
Chandigarh10 mandates
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Nipan runs a median 11 months to outcome across 6 concluded mandates.
The benches those mandates sit in run at 20 months, weighted by how many of his cases each one holds —
so he is closing 290 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
Textiles & Apparel4
Other Manufacturing3
Power & Energy2
Food & Agro1
Machinery & Equipment1
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