Liquidation — order passed
82 of 8 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates8on this professional's record
Taken to dissolution26 still in process
Distributed vs liquidation value83.5%across 1 case with both figures · whole record 79.7%
Order to dissolution139 daysaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
ABHAYAM TRADING LIMITED
L51900TN1988PLC016275
|
IRP · May 2017
RP · Jun 2017
Liquidator · Nov 2017
|
🔒 | 🔒 | 🔒 | 6 mo
to Nov 2017
|
|
METAL HOLDINGS INDIA PRIVATE LIMITED
U14200DD2008PTC004716
|
IRP · Aug 2017
|
🔒 | 🔒 | 🔒 | 9 mo
to May 2018
|
|
GUJARAT OLEO CHEM LIMITED
U24110GJ1996PLC031334
|
IRP · Apr 2017
RP · May 2017
|
🔒 | 🔒 | 🔒 | 9 mo
to Jan 2018
|
|
BM JAIN METALLIK PRIVATE LIMITED
U27205MH2012PTC236081
|
IRP · Oct 2017
|
🔒 | 🔒 | 🔒 | 9 mo
to Jul 2018
|
|
ALUCAST AUTO PARTS LIMITED
U28920KA1995PLC017793
|
IRP · Jun 2020
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 3 mo
to Sep 2020
|
|
TAURIAN ENGINEERING PRIVATE LIMITED
U51397MH1999PTC121267
|
Liquidator · Apr 2025
Liquidator · Apr 2025
|
🔒 | 🔒 | 🔒 | 2y 6mo
to Sep 2025
|
|
METAL LINK ALLOYS LIMITED
U51909DD1996PLC003108
|
IRP · Aug 2017
|
🔒 | 🔒 | 🔒 | 9 mo
to May 2018
|
|
PN Steel Traders Private Limited
U63090MH2013PTC241579
|
IRP · Feb 2024
RP · Feb 2024
|
🔒 | 🔒 | 🔒 | 8 mo
to Sep 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
1Where 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: SUVISHRHU SPECIALITY CHEMICALS PRIVATE LIMITED at 575 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
SUVISHRHU SPECIALITY CHEMICALS PRIVATE LIMITED
U24118MH2008PTC179643
Other Manufacturing |
IRP · May 2022
IRP · May 2022
IRP · May 2022
|
575d 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.
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
BRIGHT STAR HOTELS PRIVATE LIMITED
U74899DL1986PTC024250
Other Services |
IRP · Dec 2022
|
3y 9mo |
Voluntary liquidations
10Solvent 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 dissolution17 mo
across 9 completed · every VL on record runs 1y 8mo
Dissolution orders read9 of 10
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 |
|---|---|---|---|---|---|
| PARKS WEBTECH LIMITED U07220MP1995PLC009259
6 dated steps in the orderIndore Bench at Ahmedabad, Court No. 1
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | Rs 0 Cr | 2y 11mo to Feb 2021 |
| E RUTTONSHA PRIVATE LIMITED U30200MH1949PTC007331
5 dated steps in the orderMUMBAI BENCH-IV
|
Voluntary Liquidator · May 2021 |
Rs 4 Cr | Rs 0 Cr | Rs 4 Cr | 5y 4mo to Apr 2023 |
| PANDIT HOLDINGS PVT LTD U64120MP1990PTC005706
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | — | 2y 3mo to Jun 2020 |
| OTC EXCHANGE OF INDIA U67120MH1990NPL058298
|
Voluntary Liquidator · Mar 2019 |
— | — | — | in process |
| PARKS INFOWAY PRIVATE LIMITED U72200MP1999PTC013838
7 dated steps in the orderAhmedabad Bench
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | — | 1y 10mo to Jan 2020 |
| MAHALAXMI EXIM PRIVATE LIMITED U74899DL1994PTC063667
6 dated steps in the orderNEW DELHI BENCH
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | — | 16 mo to Jun 2019 |
| SPHINX INVESTMENTS PRIVATE LIMITED U74899DL1995PTC065792
5 dated steps in the orderNEW DELHI BENCH
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | Rs 0 Cr | 16 mo to Jun 2019 |
| PARKS SALES PRIVATE LIMITED U74899DL1995PTC069062
5 dated steps in the orderNEW DELHI BENCH
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | — | 16 mo to Jun 2019 |
| PARK HOLDINGS PRIVATE LIMITED U74899DL1995PTC069063
6 dated steps in the orderNEW DELHI BENCH
|
Voluntary Liquidator · Feb 2018 |
Rs 0 Cr | — | — | 16 mo to Jun 2019 |
| FIDUCIARY BILLING SOLUTIONS PRIVATE LIMITED U74999MH2017PTC293605
5 dated steps in the orderMumbai Bench
|
Voluntary Liquidator · Oct 2018 |
Rs 3 Cr | — | Rs 2 Cr | 17 mo to Mar 2020 |
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 countTop 20% of 2,365 ranked
Typical time to outcome9 months
national median 16 months · median of 8 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 Professional14
Liquidator4
Voluntary Liquidator10
Of these, 9 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
Mumbai4 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Ahmedabad3 mandates
Bench median 15 months to outcome · 32% resolved (445 concluded cases)
Chennai1 mandate
Bench median 13 months to outcome · 20% resolved (503 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Rakesh runs a median 9 months to outcome across 8 concluded mandates.
The benches those mandates sit in run at 16 months, weighted by how many of his cases each one holds —
so he is closing 221 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 & Distribution3
Other Manufacturing3
Mining1
Steel & Metals1
Logistics & Transport1
Other Services1
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