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 |
|---|---|---|---|---|---|
|
ARENA SUPERSTRUCTURES PRIVATE LIMITED
U70100DL2012PTC237604
→ acquired by Purvanchal Projects Pvt. Ltd
|
IRP · Oct 2020
RP · Dec 2020
|
🔒 | 🔒 | 🔒 | 2y 8mo
to Jul 2023
|
Liquidation — order passed
2Liquidation mandates2on this professional's record
Taken to dissolution02 still in process
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
NEXTRA TELESERVICES PRIVATE LIMITED
U64204DL2006PTC150077
|
IRP · Nov 2024
|
🔒 | 🔒 | 🔒 | 7 mo
to Jun 2025
|
|
H L Tech Fabrics Limited
U72900DL2008PLC182983
|
RP · May 2020
|
🔒 | 🔒 | 🔒 | 3y 3mo
to Jun 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: PIYUSH IT SOLUTIONS PRIVATE LIMITED at 2,155 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
PIYUSH IT SOLUTIONS PRIVATE LIMITED
U70102DL2011PTC221242
Real Estate & Housing |
IRP · Oct 2020
RP · Dec 2020
|
2,155d past 330d limit | Under CIRP |
|
AASHIYANA INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED
U45203DL2005PTC134866
Construction & Infrastructure |
IRP · Feb 2024
|
938d past 330d limit | Under CIRP |
|
Maliha Realtors Private Limited
U70109DL2008PTC178745
Real Estate & Housing |
IRP · Jun 2025
|
473d past 330d limit | Inviting EoI |
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Withdrawn / settled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 |
|---|---|---|
|
SUUMAYA INDUSTRIES LIMITED
L46411MH2011PLC220879
Trading & Distribution |
IRP · Aug 2024
|
2y 1mo |
|
Basantar Breweries Private Limited
U15122JK2013PTC003785
Food & Agro |
IRP · Sep 2024
RP · Nov 2024
|
2y |
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 dissolution10 mo
across 1 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| BFT Automation Systems Private Limited U51900TG2015FTC097199
|
Voluntary Liquidator · May 2023 |
Rs 2 Cr | Rs 0 Cr | Rs 2 Cr | 10 mo to Mar 2024 |
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 →.
Report an error →
Activity & context · vs India's IP universe
Activity — mandate count6 mandates on record
Recovery vs liquidation value383.4%
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 outcome33 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 Professional11
Voluntary Liquidator1
Of these, 7 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 Delhi6 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Chandigarh1 mandate
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Pawan runs a median 33 months to outcome across 3 concluded mandates.
The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds —
so he is taking 453 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
Real Estate & Housing3
Trading & Distribution1
Food & Agro1
Construction & Infrastructure1
Logistics & Transport1
Other Services1
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