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 |
|---|---|---|---|---|---|
|
SIP INDUSTRIES LIMITED
L24131TN1986PLC012752
→ acquired by Mr. Arularasan
|
IRP · Aug 2019
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Apr 2022
|
Voluntary liquidations
4Solvent 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 dissolution4y 8mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 4
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 |
|---|---|---|---|---|---|
| KCMT Machinery India Private Limited U29309TN2018FTC120663
6 dated steps in the orderChennai Bench Court I
|
Voluntary Liquidator · Nov 2019 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 4y 8mo to Aug 2024 |
| THONDAI NADU BENEFIT FUND LIMITED U65991TN1997PLC037923
|
Voluntary Liquidator · Sep 2018 |
— | — | — | in process |
| Sumeru Holdings Private Limited U72200TN2000PTC044122
|
Voluntary Liquidator · Nov 2019 |
— | — | — | in process |
| HDENE POWER SOLUTION INDIA PRIVATE LIMITED U74999AP2017FTC107252
|
Voluntary Liquidator · Dec 2019 |
— | — | — | in process |
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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Claim profile →Activity & context · vs India's IP universe
Activity — mandate count1 mandates on record
Typical time to outcome32 months
national median 16 months · median of 1 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 Professional1
Voluntary Liquidator4
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
Chennai1 mandate
Bench median 13 months to outcome · 20% resolved (506 concluded cases)
Porselvam runs a median 32 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds —
so he is taking 571 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
Chemicals & Plastics1
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