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Home / RP Tracker / Ritesh Prakash Adatiya

Ritesh Prakash Adatiya UNCLAIMED PROFILE

Insolvency Professional · Maharashtra · Active since 2019
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P01334/2018-2019/12013 CPE 133 credits
HotelsTransportOthers (Software Publication, Trading of Machinery and Spare Parts, Media Technology, Capital Investment, Investment in Securities)
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Career composition · 24 CIRP mandates
2
6
15
1
Resolved 2 Liquidation 6 Under CIRP 15 Withdrawn / settled 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 2 Liquidation 6 Under CIRP 15 Withdrawn 1 Voluntary 6 Standing
Mandates
23cases
Top 1% by mandate count · last appointed Mar 2026
Claims Managed
Rs 227Cr
across 5 cases with figures
Realised for Creditors
Rs 10Cr
4.5% of admitted claims
Resolved
2cases
25% resolution rate
Recovery vs LV
160.6%
2 of 2 beat the floor
Typical CIRP Time
27 months
nationally 16 months
Largest Mandate
Rs 69 Cr
Chandra Net Limited

Resolved — plan approved

2
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
Starwort Engineers Private Limited
U74210MH1993PTC072015
→ acquired by Hexen Engineering
RP · Oct 2024
🔒 🔒 🔒 9 mo
to Apr 2025
Calchem Industries (India) Limited
U99999MH1992PLC065696
→ acquired by Sadhana Nitrochem Limited
IRP · Sep 2019
RP · Feb 2020
🔒 🔒 🔒 5y 1mo
to Oct 2024

Liquidation — order passed

6
2 of 6 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates6on this professional's record
Taken to dissolution24 still in process
Distributed vs liquidation value145.7%across 2 cases with both figures · whole record 79.7%
Order to dissolution13 moaverage over 2 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
TEXORANGE CORPORATION LIMITED
U17120MH2004PLC147378
Liquidator · Jun 2023
🔒 🔒 🔒 3y 8mo
to Jun 2023
Electra Accumulators Limited
U29100GJ2009PLC057053
IRP · Sep 2019
🔒 🔒 🔒 1y 6mo
to Apr 2021
Dojahan Trading Private Limited
U51100MH2006PTC159890
RP · Jul 2024
Liquidator · May 2025
🔒 🔒 🔒 13 mo
to May 2025
NAVALMAR SHIPPING (INDIA) PRIVATE LIMITED
U63032KA2002PTC030002
IRP · May 2020
RP · Jul 2020
5y 11mo
to May 2026
ROSEWOOD PROJECTS PRIVATE LIMITED
U70200WB1999PTC089011
RP · Sep 2024
2y 2mo
to Jul 2026
Chandra Net Limited
U72200GJ1999PLC035595
IRP · Sep 2021
RP · Oct 2021
Liquidator · Jan 2023
🔒 🔒 🔒 2y 4mo
to Jan 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

15
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
2181–270d
1271–330d
12past 330d
Longest-running live mandate: Maitreyi Capital Advisors Private Limited at 2,552 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Maitreyi Capital Advisors Private Limited
U74999MH2015PTC261681
Other Services
IRP · Sep 2019
RP · Dec 2019
2,552d past 330d limit Under CIRP
Graphene Media Private Limited
U74120MH2014PTC252223
Other Services
IRP · Jan 2022
RP · Mar 2022
1,701d past 330d limit Under CIRP
McLeod Russel India Limited
L51109WB1998PLC087076
Trading & Distribution
IRP · Feb 2023
IRP · Feb 2023
1,320d past 330d limit Under CIRP
Waxsen Lifescience Private Limited
U24297MH2009PTC197046
Chemicals & Plastics
IRP · Mar 2023
RP · Apr 2023
1,299d past 330d limit Inviting EoI
WADHAWAN HOLDINGS PRIVATE LIMITED
U74999MH2002PTC135601
Other Services
IRP · Nov 2023
RP · Jan 2024
1,033d past 330d limit Inviting EoI
Replenish Realty Private Limited
U45200MH2007PTC167457
Construction & Infrastructure
RP · Aug 2024
888d past 330d limit Under CIRP
Medybiz Private Limited
U72200MH2000PTC294957
IT, Telecom & Media
IRP · May 2024
RP · Jun 2024
867d past 330d limit Inviting EoI
SUMMIT CEMINFRA PRIVATE LIMITED
U45201MH2008PTC217836
Construction & Infrastructure
IRP · Oct 2024
RP · Nov 2024
712d past 330d limit Inviting EoI
RELIANCE MEDIAWORKS LIMITED
U29299MH1987PLC045446
Machinery & Equipment
IRP · Jul 2025
RP · Aug 2025
447d past 330d limit Inviting EoI
BLU-SMART MOBILITY LIMITED
U74999GJ2018PLC104895
Other Services
IRP · Jul 2025
RP · Sep 2025
421d past 330d limit Inviting EoI
BIG Flicks Private Limited
U92120MH2007PTC168172
Hospitality & Leisure
IRP · Sep 2025
RP · Oct 2025
362d past 330d limit Inviting EoI
RBEP Entertainment Private Limited
U72900MH2006PTC160603
IT, Telecom & Media
IRP · Oct 2025
RP · Nov 2025
343d past 330d limit Inviting EoI
BLU-SMART FLEET PRIVATE LIMITED
U63090GJ2019PTC106075
Logistics & Transport
RP · Feb 2026
293d inside 330d Inviting EoI
Blu-Smart Charge Private Limited
U63090GJ2019PTC106065
Logistics & Transport
IRP · Jan 2026
RP · Feb 2026
249d in extension Inviting EoI
ROEVPL Ventures Private Limited
U51900MH2005PTC157592
Trading & Distribution
IRP · Feb 2026
RP · Mar 2026
216d 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.

Withdrawn / settled

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Electra Global Resources Private Limited
U51900MH1995PTC090662
Trading & Distribution
IRP · Nov 2019
6y 9mo

Voluntary liquidations

6
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 dissolution2y 2mo across 4 completed · every VL on record runs 1y 8mo
Dissolution orders read2 of 6 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
RUSI & ZARIN GIMI FAMILY HOLDINGS PRIVATE LIMITED
U51109WB1998PTC087267
6 dated steps in the order
Kolkata Bench-I
  1. Members' resolution18 Aug 2020
  2. Commencement25 Aug 2020
  3. Public announcement27 Aug 2020
  4. Claims deadline24 Sep 2020
  5. Preliminary report9 Oct 2020
  6. Dissolution order21 Apr 2022
Voluntary Liquidator · Aug 2020
Rs 11 Cr Rs 11 Cr 1y 7mo
to Apr 2022
ESSENAR INVESTMENT PRIVATE LIMITED
U51909GJ1940PTC000337
Voluntary Liquidator · Nov 2019
Rs 2 Cr Rs 1 Cr 2y 6mo
to Jun 2022
Kedrion Biopharma India Private Limited
U52100DL2013FTC261763
Voluntary Liquidator · Mar 2022
in process
ZIPSURE GENERAL INSURANCE LIMITED
U66000MH2018PLC313608
Voluntary Liquidator · Feb 2020
Rs 0 Cr Rs 0 Cr 1y 11mo
to Feb 2022
IMMPLY INDIA TECHNOLOGY PRIVATE LIMITED
U72900PN2008PTC198310
Voluntary Liquidator · Jul 2024
in process
ALGIZ CONSULTANCY SERVICES PRIVATE LIMITED
U74999MH2018PTC303607
Voluntary Liquidator · Mar 2020
Rs 1 Cr Rs 1 Cr Rs 0 Cr 4y 4mo
to Aug 2024
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 1% of 2,365 ranked
At Mumbai bench — by mandate countTop 5% of 438
Recovery vs liquidation value160.6%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 2
Typical time to outcome27 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 Professional39
Liquidator3
Voluntary Liquidator6
Of these, 18 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
Mumbai16 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Ahmedabad5 mandates
Bench median 15 months to outcome · 32% resolved (445 concluded cases)
Kolkata2 mandates
Bench median 14 months to outcome · 33% resolved (529 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Ritesh runs a median 27 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 310 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 Services7
Trading & Distribution4
Logistics & Transport3
Machinery & Equipment2
Construction & Infrastructure2
IT, Telecom & Media2
Textiles & Apparel1
Chemicals & Plastics1

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