Resolved — plan approved
7Acquirer 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 |
|---|---|---|---|---|---|
|
Digjam Limited
L17123GJ2015PLC083569
→ acquired by Finquest Financial Solution Pvt.Ltd
|
IRP · Apr 2019
|
🔒 | 🔒 | 🔒 | 13 mo
to May 2020
|
|
GCCL Infrastructure and Projects Limited
L45400GJ1994PLC023416
→ acquired by GCCL Infrastructure & Projects Limited
|
RP for Pre-pack · Sep 2021
|
🔒 | 🔒 | 🔒 | 1y 11mo
to Sep 2023
|
|
Khyati Foods Private Limited
U01549MP2004PTC016729
→ acquired by Mr. Pawan Agrawal
|
IRP · Jul 2019
RP · Aug 2019
|
🔒 | 🔒 | 🔒 | 2y 11mo
to Jul 2022
|
|
POLYGOLD PRE-CURED SYSTEMS PRIVATE LIMITED
U25110GJ1998PTC034100
→ acquired by Kartikbhai J. Patel along with Kirtibhai D. Patel
|
IRP · Mar 2020
|
🔒 | 🔒 | 🔒 | 1y 6mo
to Sep 2021
|
|
Shaifali Steels Limited
U27109GJ1994PLC023962
→ acquired by Caxchem Chemical Corporation, Mr. Pratik Shah (Proprietor)
|
IRP · Dec 2019
RP · Feb 2020
|
🔒 | 🔒 | 🔒 | 1y 11mo
to Dec 2021
|
|
Shaifali Rolls Limited
U27310GJ2004PLC044403
→ acquired by Consortium between Fitcast Founders & Engineers Pvt. Ltd. & Omkara Assets Reconstruction Pvt. Ltd
|
IRP · Sep 2018
|
🔒 | 🔒 | 🔒 | 14 mo
to Nov 2019
|
|
Desh Cam Technological Resources Private Limited
U31909GJ2003PTC042084
→ acquired by Flowman Metrix Private Limited
|
IRP · Jun 2024
RP · Jun 2024
|
🔒 | 🔒 | 🔒 | 16 mo
to Oct 2025
|
Liquidation — order passed
102 of 10 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates10on this professional's record
Taken to dissolution28 still in process
Distributed vs liquidation value283.1%across 1 case with both figures · whole record 79.7%
Order to dissolution45 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Shri Aster Silicates Limited
L01403GJ1996PLC030581
|
IRP · Oct 2018
|
🔒 | 🔒 | 🔒 | 12 mo
to Oct 2019
|
|
Origin Formulations Private Limited
U24230GJ2010PTC063358
|
IRP · Sep 2019
RP · Mar 2020
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 12 mo
to Sep 2020
|
|
City Tiles Limited
U26941GJ2002PLC041142
|
IRP · Apr 2019
|
🔒 | 🔒 | 🔒 | 14 mo
to Jul 2020
|
|
Sai InfoSystem (India) Limited
U30007GJ2003PLC041786
|
IRP · Nov 2017
RP · Dec 2017
Liquidator · Aug 2019
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Aug 2019
|
|
Maxroth Impex Private Limited
U31909GJ1991PTC016748
|
IRP · Sep 2018
Liquidator · Jul 2019
RP · Oct 2019
|
🔒 | 🔒 | 🔒 | 10 mo
to Jul 2019
|
|
ATRIUM INFOCOMM PRIVATE LIMITED
U32100GJ1997PTC032724
|
Liquidator · Jun 2023
|
🔒 | 🔒 | 🔒 | 5 mo
to Dec 2019
|
|
TORQUE AUTOMOTIVE PRIVATE LIMITED
U40105GJ2007PTC050624
|
IRP · Feb 2021
RP · Jul 2021
|
🔒 | 🔒 | 🔒 | 4y 11mo
to Jan 2026
|
|
Nagaur Water Supply Company Private Limited
U41000GJ2008PTC053373
|
IRP · Aug 2021
RP · Sep 2021
|
🔒 | 🔒 | 🔒 | 2y 1mo
to Oct 2023
|
|
SUJYOT INFRASTRUCTURE PRIVATE LIMITED
U45200GJ2011PTC065955
|
IRP · Dec 2021
RP · Mar 2022
|
🔒 | 🔒 | 🔒 | 1y 10mo
to Oct 2023
|
|
Snehdaxa Infrastructure Private Limited
U45201GJ2010PTC061039
|
IRP · Feb 2019
RP · Mar 2019
Liquidator · Dec 2019
|
🔒 | 🔒 | 🔒 | 10 mo
to Dec 2019
|
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: Sal Steel Limited at 3,303 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Sal Steel Limited
L29199GJ2003PLC043148
Machinery & Equipment |
IRP · Sep 2017
|
3,303d past 330d limit | Under CIRP |
|
New Horizons Asphalt Private Limited (Formerly Known as GP Global Asphalt Private Limited.)( Formerly Known as Gulf Asphalt Private Limited)
U11100GJ2011PTC108646
Mining |
IRP · Mar 2024
|
923d 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.
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 5% of 2,365 ranked
At Ahmedabad bench — by mandate countTop 5% of 130
Recovery vs liquidation value93.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 6
Typical time to outcome16 months
national median 16 months · median of 17 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 Professional28
Liquidator5
Of these, 17 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
Ahmedabad19 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Parag runs a median 16 months to outcome across 17 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 moving at the pace of his own forums, within a month either way.
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
Machinery & Equipment3
Construction & Infrastructure3
Food & Agro2
Other Manufacturing2
Steel & Metals2
Electronics & Electricals2
Power & Energy2
Textiles & Apparel1
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