Liquidation — order passed
42 of 4 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates4on this professional's record
Taken to dissolution22 still in process
Distributed vs liquidation value57.6%across 2 cases with both figures · whole record 79.7%
Order to dissolution28 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Hydrolina Biotech Private Limited
U15440TN1999PTC042911
|
IRP · Jan 2020
RP · Jun 2020
Liquidator · Feb 2022
|
🔒 | 🔒 | 🔒 | 2y
to Feb 2022
|
|
FLORIND SHOES PRIVATE LIMITED
U19201TN1978PTC007590
|
IRP · Sep 2018
RP · Nov 2018
Liquidator · Mar 2019
|
🔒 | 🔒 | 🔒 | 6 mo
to Mar 2019
|
|
United Steel Builders Systems Pvt Ltd
U28111TN2009PTC072418
|
IRP · Dec 2024
RP · Dec 2024
Liquidator · May 2026
|
— | — | — | 17 mo
to May 2026
|
|
Maruthi Food Processing and Agri Products Export (India) pvt ltd
U52100TZ2012PTC018483
|
IRP · Jun 2019
RP · Jul 2019
Liquidator · Jan 2020
|
🔒 | 🔒 | 🔒 | 7 mo
to Jan 2020
|
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
2Where 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: LABLAND BIOTECHS PRIVATE LIMITED at 468 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
LABLAND BIOTECHS PRIVATE LIMITED
U24129KA1994PTC016040
Other Manufacturing |
IRP · Jun 2025
RP · Jul 2025
|
468d past 330d limit | Under CIRP |
|
MEDICLONE BIOTECH PRIVATE LIMITED
U01409TN1995PTC030299
Food & Agro |
IRP · Mar 2026
|
192d in extension | Newly admitted |
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
3Solvent 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 3mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 3
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 |
|---|---|---|---|---|---|
| PAVANRAJ FABS INDIA PRIVATE LIMITED U17111TZ2005PTC012243
3 dated steps in the orderDivision Bench-II, Chennai
|
Voluntary Liquidator · Mar 2021 |
Rs 3 Cr | Rs 0 Cr | Rs 2 Cr | 2y 3mo to Jul 2023 |
| MICRO SPINTEX PRIVATE LIMITED U29262TZ1996PTC007525
|
Voluntary Liquidator · Feb 2026 |
— | — | — | in process |
| AISHWARYA AND CO. PRIVATE LIMITED U67120TN1990PTC019871
|
Voluntary Liquidator · Jul 2024 |
— | — | — | 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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Activity & context · vs India's IP universe
Activity — mandate count6 mandates on record
Typical time to outcome12 months
national median 16 months · median of 4 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
Liquidator4
Voluntary Liquidator3
Of these, 6 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
Chennai5 mandates
Bench median 13 months to outcome · 20% resolved (503 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (177 concluded cases)
Ramela runs a median 12 months to outcome across 4 concluded mandates.
The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds —
so he is closing 42 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
Other Manufacturing3
Food & Agro2
Trading & Distribution1
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