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Home / RP Tracker / Parveen Kumar Garg

Parveen Kumar Garg UNCLAIMED PROFILE

Insolvency Professional · Active since 2019
IPA ICSI IIP Bench n/a Reg IBBI/IPA-002/IP-N00469/2017-2018/11327 CPE 86 credits
Machinery & Equipment
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Career composition · 1 CIRP mandates
1
Under CIRP 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Under CIRP 1 Voluntary 1 Standing
Mandates
1cases
0 with financials · last appointed Sep 2019
Resolved
0cases
0% resolution rate

Under CIRP — live

1
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1past 330d
Longest-running live mandate: DURABLE FACADE SERVICES PRIVATE LIMITED at 2,626 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
DURABLE FACADE SERVICES PRIVATE LIMITED
U29220DL2008PTC176779
Machinery & Equipment
IRP · Jul 2019
2,626d 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.

Voluntary liquidations

1
Solvent 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 9mo 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 DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
Oil India International Limited
U11100DL2013GOI258215
7 dated steps in the order
New Delhi Bench Court - IV
  1. Members' resolution30 Sep 2019
  2. Commencement30 Sep 2019
  3. Public announcement5 Oct 2019
  4. Claims deadline29 Oct 2019
  5. Preliminary report13 Nov 2019
  6. Final report3 Nov 2022
  7. Dissolution order31 Jul 2023

Delay recorded in the order“due to delay in receipt in income tax refunds amounting to Rs. 25,02,710/- for the Assessment Year 2020-21, (received on 30.06.2021) and Rs. 63,130/- for the Assessment Year 2021-2022, (received on 13.09.2022)”

Voluntary Liquidator · Sep 2019
Rs 138 Cr Rs 0 Cr Rs 135 Cr 3y 9mo
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 count1 mandates on record
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 Professional1
Voluntary Liquidator1
Of these, 1 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 Delhi1 mandate
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
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 & Equipment1
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