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 |
|---|---|---|---|---|---|
|
KANEL INDUSTRIES LIMITED
L15140GJ1992PLC017024
→ acquired by Ardent Ventures LLP
|
IRP · Dec 2021
RP · Jan 2022
|
🔒 | 🔒 | 🔒 | 2y 10mo
to Oct 2024
|
Voluntary liquidations
5Solvent 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 dissolution2y 1mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 5
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 |
|---|---|---|---|---|---|
| NAISARGIK AGRITECH (INDIA) LIMITED L01119GJ1994PLC023336
5 dated steps in the orderAHMEDABAD (COURT NO. II)
|
Voluntary Liquidator · Sep 2020 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 2y 9mo to Jul 2023 |
| REINE CHEMICALS PRIVATE LIMITED U24110GJ1991PTC015837
|
Voluntary Liquidator · Jan 2021 |
Rs 0 Cr | — | Rs 0 Cr | 1y 6mo to Jul 2022 |
| D.P. POLYPLAST INDUSTRIES PRIVATE LIMITED U25199MH2010PTC205372
|
Voluntary Liquidator · Jun 2022 |
Rs 1 Cr | Rs 1 Cr | Rs 0 Cr | 3y to Jun 2025 |
| Mahashakti Polycoat Private Limited U25202GJ2011PTC064131
|
Voluntary Liquidator · Nov 2023 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 2y 1mo to Dec 2025 |
| MASCOT CEMENT (INDIA) PRIVATE LIMITED U26940GJ2016PTC092168
|
Voluntary Liquidator · Dec 2023 |
Rs 4 Cr | Rs 4 Cr | Rs 0 Cr | 1y 11mo to Dec 2025 |
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 count1 mandates on record
Recovery vs liquidation value128.9%
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 outcome35 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 Professional2
Voluntary Liquidator5
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
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Prashant runs a median 35 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 15 months, weighted by how many of his cases each one holds —
so he is taking 588 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
Food & Agro1
Is this your profile?
This page already exists — buyers already see it. Claiming puts you in control: your photo, your story, your numbers in context, enquiries routed to you.
Claim profile →Trying to reach Prashant?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.