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 |
|---|---|---|---|---|---|
|
Pala Decor Private Limited
U17200HR2013PTC049962
→ acquired by Ms. Geeta Jain
|
RP · Jun 2023
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Nov 2025
|
|
Drake and Scull Water and Energy India Private Limited
U40101HR2011PTC044592
→ acquired by Passavant Energy & Environment GmbH
|
IRP · Oct 2018
|
🔒 | 🔒 | 🔒 | 2y 1mo
to Dec 2020
|
|
NIIL Infrastructure Private Limited
U45400DL2007PTC201844
→ acquired by consortium of Shilendra Khirwar and Rishabh Varma having technical partnership with N-Homes Private Limited
|
RP · Sep 2018
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Nov 2020
|
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: Bird Consultancy Services Pvt. Ltd. at 466 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Bird Consultancy Services Pvt. Ltd.
U74140DL2004PTC131682
Other Services |
IRP · Jun 2025
|
466d 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Withdrawn / settled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 |
|---|---|---|
|
Dharmraj Logistics Private Limited
U63030DL2017PTC323778
Logistics & Transport |
IRP · Dec 2021
|
4y 9mo |
Voluntary liquidations
1Solvent 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 dissolution3y 5mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 1
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 |
|---|---|---|---|---|---|
| NIIT Institute of Process Excellence Limited U72300DL2008PLC176254
6 dated steps in the orderNEW DELHI BENCH COURT – V
Delay recorded in the order“refund from Income Tax was pending as per the assessment for the Assessment Year 2020-21, due to which the Liquidator was unable to close the bank account and complete liquidation within 12 months” |
Voluntary Liquidator · Feb 2020 |
Rs 3 Cr | Rs 0 Cr | Rs 3 Cr | 3y 5mo to Jul 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 →.
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Activity & context · vs India's IP universe
Activity — mandate count4 mandates on record
Recovery vs liquidation value123.6%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 3
Typical time to outcome31 months
national median 16 months · median of 3 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 Professional5
Voluntary Liquidator1
Of these, 3 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
New Delhi3 mandates
Bench median 17 months to outcome · 35% resolved (777 concluded cases)
Chandigarh2 mandates
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Nisha runs a median 31 months to outcome across 3 concluded mandates.
The benches those mandates sit in run at 19 months, weighted by how many of his cases each one holds —
so he is taking 388 days longer 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 & Apparel1
Power & Energy1
Construction & Infrastructure1
Logistics & Transport1
Other Services1
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