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 |
|---|---|---|---|---|---|
|
MALLUR SIDDESWARA SPINNING MILLS PRIVATE LIMITED
U17111TZ1981PTC001035
→ acquired by H.M. Textiles Private Limited
|
IRP · Apr 2023
RP · May 2023
|
🔒 | 🔒 | 🔒 | 9 mo
to Dec 2023
|
|
Danalakshmi Paper Mills Private Limited
U21012TZ1980PTC000899
→ acquired by M/s. Srinivasa Garments Private Limited jointly with Mr. P. Ramesh & Mrs. Suganthi Ramesh
|
IRP · Jun 2018
IRP · Jun 2018
RP · Jul 2018
RP · Jul 2018
|
🔒 | 🔒 | 🔒 | 10 mo
to Mar 2019
|
|
C P S STEEL INDIA PRIVATE LIMITED
U27104TZ2003PTC010552
→ acquired by Sun Steel (Mr. P. Adeep, Managing Partner of Sun Steel, Palakkad, Kerala)
|
IRP · Apr 2022
RP · May 2022
|
🔒 | 🔒 | 🔒 | 16 mo
to Aug 2023
|
Liquidation — order passed
4Liquidation mandates4on this professional's record
Taken to dissolution04 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Senthil Paper and Boards Private Limited
U02101TZ2002PTC010260
|
RP · May 2018
Liquidator · Feb 2019
|
🔒 | 🔒 | 🔒 | 15 mo
to Feb 2019
|
|
SHREE MURUGAN FLOUR MILLS PRIVATE LIMITED
U15311TZ1986PTC001889
|
IRP · Apr 2022
IRP · Apr 2022
RP · May 2022
RP · May 2022
Liquidator · Mar 2023
Liquidator · Mar 2023
|
🔒 | 🔒 | 🔒 | 3y 1mo
to Mar 2023
|
|
SUBHASHRI BIO-ENERGIES PRIVATE LIMITED
U23101TZ2000PTC009339
|
IRP · Sep 2021
RP · Oct 2021
Liquidator · Apr 2022
|
🔒 | 🔒 | 🔒 | 8 mo
to Apr 2022
|
|
STALWART INTERNATIONAL TRADING PRIVATE LIMITED
U74999TN2012PTC085849
|
IRP · Dec 2023
RP · Jan 2024
|
🔒 | 🔒 | 🔒 | 10 mo
to Oct 2024
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
Voluntary liquidations
3Solvent 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 dissolution12 mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 3
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 |
|---|---|---|---|---|---|
| SHAN PAVE INDUSTRIES PRIVATE LIMITED U15325TZ1994PTC005526
|
Voluntary Liquidator · Sep 2025 |
— | — | — | in process |
| HARI AADITHYA PAPER MILL PRIVATE LIMITED U21000TN2010PTC076593
|
Voluntary Liquidator · Aug 2024 |
— | — | — | in process |
| JAYSEL FINCAP PRIVATE LIMITED U65999TZ2018PTC031298
5 dated steps in the orderDIVISION BENCH - II, CHENNAI
|
Voluntary Liquidator · Feb 2021 |
Rs 2 Cr | — | Rs 2 Cr | 12 mo to Feb 2022 |
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 20% of 2,365 ranked
Recovery vs liquidation value138.3%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor3 of 3
Typical time to outcome10 months
national median 16 months · median of 7 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 Professional17
Liquidator4
Voluntary Liquidator3
Of these, 6 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
Chennai7 mandates
Bench median 13 months to outcome · 20% resolved (503 concluded cases)
Palanigounder runs a median 10 months to outcome across 7 concluded mandates.
The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds —
so he is closing 81 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
Food & Agro2
Other Manufacturing2
Textiles & Apparel1
Steel & Metals1
Other Services1
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