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Home / RP Tracker / Raghunath Bhandari

Raghunath Bhandari UNCLAIMED PROFILE

Insolvency Professional · Maharashtra · Active since 2022
IPA ICSI IIP Bench Mumbai · West Reg IBBI/IPA-002/IP-N01023/2020-2021/13276 CPE 153 credits
Wholesale and Retail TradeConstructionReal EstateManufacturingOthers (Consultancy, Growing of crops; market gardening; horticulture, Electrical Testing Automation Solutions & Industrial Training.)
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Career composition · 6 CIRP mandates
1
2
3
Resolved 1 Liquidation 2 Under CIRP 3
Appointments by year
'22'23'24'25'26
Overview Resolved 1 Liquidation 2 Under CIRP 3 Voluntary 5 Standing
Mandates
6cases
3 with financials · last appointed Jun 2026
Claims Managed
Rs 36Cr
across 3 cases with figures
Realised for Creditors
Rs 2Cr
5.8% of admitted claims
Resolved
1cases
33% resolution rate
Recovery vs LV
4,200.0%
1 of 1 beat the floor
Typical CIRP Time
11 months
nationally 16 months
Largest Mandate
Rs 24 Cr
MPF SYSTEMS LIMITED

Resolved — plan approved

1
Acquirer shown where the approved plan names one. Figures shown for outcomes in the last two quarters — the full financial record is member data.
Corporate DebtorRole / AppointedAdmittedRealisedRec vs LVDuration
MPF SYSTEMS LIMITED
L65999MH1993PLC287894
→ acquired by EFC (I) Limited (CIN: L74110PN1984PLC216407)
IRP · Nov 2023
RP · Dec 2023
🔒 🔒 🔒 11 mo
to Oct 2024

Liquidation — order passed

2
1 of 2 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates2on this professional's record
Taken to dissolution11 still in process
Order to dissolution338 daysaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
GREENLEAF COMMERCE PRIVATE LIMITED
U51909MH2012PTC237541
RP · Nov 2023
Liquidator · May 2024
🔒 🔒 🔒 18 mo
to May 2024
WHISKERS INFRACARE PRIVATE LIMITED
U74120MH2013PTC249891
IRP · Feb 2024
🔒 🔒 🔒 8 mo
to Oct 2024
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

3
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
3past 330d
Longest-running live mandate: WHIZ ENTERPRISE PRIVATE LIMITED at 1,124 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
WHIZ ENTERPRISE PRIVATE LIMITED
U51909MH2004PTC144418
Trading & Distribution
IRP · Aug 2023
IRP · Aug 2023
1,124d past 330d limit Under CIRP
EIFFEL LIFESPACES PRIVATE LIMITED
U45200PN2011PTC138679
Construction & Infrastructure
IRP · Jan 2025
RP · Mar 2025
623d past 330d limit Inviting EoI
PROLIFIC SYSTEMS AND TECHNOLOGIES PRIVATE LIMITED
U30007MH1997PTC109461
Electronics & Electricals
IRP · Aug 2025
RP · Oct 2025
392d 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.

Voluntary liquidations

5
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 dissolution8 mo across 3 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 5 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
BAHUL AGRICULTURE PVT LTD
U01100MH1986PTC039008
6 dated steps in the order
MUMBAI BENCH-IV
  1. Members' resolution24 Jun 2022
  2. Commencement12 Aug 2022
  3. Public announcement21 Aug 2021
  4. Preliminary report26 Sep 2022
  5. Final report17 Nov 2022
  6. Dissolution order29 Mar 2023
Voluntary Liquidator · Aug 2022
Rs 0 Cr Rs 0 Cr Rs 0 Cr 8 mo
to Mar 2023
ANJALI HORTICULTURE PVT LTD
U01120MH1986PTC039112
7 dated steps in the order
MUMBAI BENCH, COURT - II
  1. Members' resolution24 Jun 2022
  2. Commencement12 Aug 2022
  3. Public announcement17 Aug 2022
  4. Claims deadline11 Sep 2022
  5. Preliminary report26 Sep 2022
  6. Final report17 Nov 2022
  7. Dissolution order18 Dec 2023
Voluntary Liquidator · Aug 2022
Rs 1 Cr Rs 0 Cr Rs 0 Cr 16 mo
to Dec 2023
FEKARI INFRASTRUCTURE PRIVATE LIMITED
U45201MH2006PTC163579
6 dated steps in the order
Mumbai Bench, Court V
  1. Members' resolution14 Dec 2023
  2. Commencement16 Dec 2023
  3. Public announcement20 Dec 2023
  4. Preliminary report20 Jan 2024
  5. Final report15 Mar 2024
  6. Dissolution order28 Aug 2024
Voluntary Liquidator · Dec 2023
Rs 8 Cr Rs 0 Cr Rs 8 Cr 8 mo
to Aug 2024
EQUITABLE FINANCIAL CONSULTANCY SERVICES PVT.LTD.
U65920MH1993PTC073897
Voluntary Liquidator · Feb 2026
in process
TRUE NORTH SOFTWARE PRIVATE LIMITED
U72900MH2021PTC360236
Voluntary Liquidator · Jun 2026
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 →.
Report an error →
Activity & context · vs India's IP universe
Activity — mandate count6 mandates on record
Recovery vs liquidation value4,200.0%
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 outcome11 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 Professional10
Liquidator1
Voluntary Liquidator5
Of these, 5 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
Mumbai6 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Raghunath runs a median 11 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 closing 211 days faster 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
Trading & Distribution2
Financial Services1
Electronics & Electricals1
Construction & Infrastructure1
Other Services1

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