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Home / RP Tracker / Ravi Sethia

Ravi Sethia UNCLAIMED PROFILE

Insolvency Professional · Active since 2019
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P01305/2018-2019/12052 CPE 149 credits
Trading & DistributionOther ManufacturingPower & EnergyFinancial ServicesElectronics & ElectricalsITTelecom & Media
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Viewed in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 10 CIRP mandates
6
2
1
1
Resolved 6 Liquidation 2 Under CIRP 1 Withdrawn / settled 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 6 Liquidation 2 Under CIRP 1 Withdrawn 1 Voluntary 1 Standing
Mandates
9cases
Top 20% by mandate count · last appointed Jun 2025
Claims Managed
Rs 14,716Cr
across 5 cases with figures
Realised for Creditors
Rs 2,590Cr
17.6% of admitted claims
Resolved
6cases
75% resolution rate
Recovery vs LV
111.5%
2 of 4 beat the floor
Typical CIRP Time
30 months
nationally 16 months
Largest Mandate
Rs 6,615 Cr
GVK Power (Goindwal Sah…

Resolved — plan approved

6
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
Ballarpur Industries Limited
L21010MH1945PLC010337
→ acquired by Finquest Financial Solutions Private Limited
Liquidator · Feb 2022
🔒 🔒 🔒 3y 2mo
to Mar 2023
McNally Bharat Engineering Company Limited
L45202WB1961PLC025181
→ acquired by BTL EPC Limited
RP · Sep 2022
RP · Sep 2022
🔒 🔒 🔒 1y 7mo
to Dec 2023
Morarjee Textiles Limited
L52322MH1995PLC090643
→ acquired by Shrinivas Spintex Industries Private Limited
RP · Feb 2024
IRP · Feb 2024
2y 3mo
to May 2026
GVK Power (Goindwal Sahib) Limited
U40109TG1997PLC028483
→ acquired by Punjab State Power Corporation Limited
IRP · Oct 2022
RP · Nov 2022
🔒 🔒 🔒 14 mo
to Dec 2023
INDO GLOBAL SOFT SOLUTIONS AND TECHNOLOGIES PRIVATE LIMITED
U72900PN2005PTC021732
→ acquired by Ashdan Properties Private Limited
RP · Jun 2025
🔒 🔒 🔒 3y 7mo
to Nov 2025
Suasth Healthcare Foundation
U85100WB2008NPL130971
→ acquired by the consortium of "Nishkala Healthcare Private Limited" (CIN: U74999MH2019PTC321858) and "Ujin Pharma Chem"
RP · Dec 2021
🔒 🔒 🔒 2y 3mo
to Dec 2023

Liquidation — order passed

2
Liquidation mandates2on this professional's record
Taken to dissolution02 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Future Lifestyle Fashions Limited
L52100MH2012PLC231654
IRP · May 2023
RP · Jun 2023
3y 2mo
to Jul 2026
Shristi Plywood Private Limited
U20232HR2001PTC034736
IRP · Nov 2019
🔒 🔒 🔒 2y 7mo
to Jul 2022
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

1
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1past 330d
Longest-running live mandate: WIND WORLD (INDIA) LIMITED at 3,138 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
WIND WORLD (INDIA) LIMITED
U31200DD2003PLC003236
Electronics & Electricals
RP · Jun 2025
3,138d 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.

Withdrawn / settled

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Vipul Limited
L65923DL2002PLC167607
Financial Services
IRP · Jul 2021
IRP · Jul 2021
6y 8mo

Voluntary liquidations

1
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.
Typical time to dissolution1y 8mo median across every VL on record — none of these mandates has reached dissolution yet
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
Ferroli Heating (South Asia) Private Limited
U74120KA2013FTC071696
Voluntary Liquidator · Jun 2025
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 countTop 20% of 2,308 ranked
Recovery vs liquidation value111.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 4
Typical time to outcome30 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
Liquidator1
Voluntary Liquidator1
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
Mumbai4 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Kolkata2 mandates
Bench median 14 months to outcome · 33% resolved (530 concluded cases)
New Delhi1 mandate
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Chandigarh1 mandate
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Ravi runs a median 30 months to outcome across 8 concluded mandates. The benches those mandates sit in run at 17 months, weighted by how many of his cases each one holds — so he is taking 368 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
Other Manufacturing2
Trading & Distribution2
Construction & Infrastructure1
Financial Services1
Electronics & Electricals1
Power & Energy1
IT, Telecom & Media1
Healthcare1

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