Resolved — plan approved
2Acquirer shown where the approved plan names one. Figures shown for outcomes in the last two quarters — the full financial record is member data.
| Corporate Debtor | Role / Appointed | Admitted | Realised | Rec vs LV | Duration |
|---|---|---|---|---|---|
|
Twenty First Century Castings Private Limited
U28112GJ2010PTC059270
→ acquired by Suryadeep Alloys Steel Castings Pvt Ltd
|
IRP · Jan 2020
RP · Feb 2020
|
🔒 | 🔒 | 🔒 | 11 mo
to Dec 2020
|
|
NIDHI IMPOTRADE PRIVATE LIMITED
U51900GJ2009PTC057285
→ acquired by Nibhu Healthcare LLP jointly with Mrs Pina Atul Sanghavi and Mrs Bhumika Nehalkumar Rana
|
IRP · Mar 2021
|
🔒 | 🔒 | 🔒 | 2y 9mo
to Jan 2024
|
Liquidation — order passed
43 of 4 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates4on this professional's record
Taken to dissolution31 still in process
Distributed vs liquidation value113.9%across 2 cases with both figures · whole record 79.7%
Order to dissolution18 moaverage over 3 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
BIOPAC INDIA CORPORATION LIMITED
L51900DN1987PLC000441
|
IRP · Oct 2020
RP · Nov 2020
Liquidator · Dec 2020
|
🔒 | 🔒 | 🔒 | 52d
to Dec 2020
|
|
OASIS MARINE PRIVATE LIMITED
U05003GJ2011PTC064243
|
IRP · Feb 2021
|
🔒 | 🔒 | 🔒 | 8 mo
to Dec 2024
|
|
H Sakhiya Fashions Private Limited
U17120GJ2012PTC068499
|
IRP · Oct 2019
RP · Dec 2019
|
🔒 | 🔒 | 🔒 | 9 mo
to Jul 2020
|
|
R R POLYNET PRIVATE LIMITED
U17200GJ2012PTC071240
|
IRP · Mar 2018
|
🔒 | 🔒 | 🔒 | 13 mo
to Apr 2019
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
Withdrawn / settled
3Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
Jinaam's Dress Limited
L17120GJ2011PLC064247
Textiles & Apparel |
IRP · Sep 2020
|
6y |
|
SHIPRA AGRICHEM PRIVATE LIMITED
U24100GJ2008PTC054216
Other Manufacturing |
IRP · Dec 2019
|
6y 9mo |
|
BTI Tex Private Limited
U29260GJ2005PTC045808
Machinery & Equipment |
IRP · Nov 2019
|
6y 10mo |
Voluntary liquidations
6Solvent 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 dissolution16 mo
across 6 completed · every VL on record runs 1y 8mo
Dissolution orders read4 of 6
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 |
|---|---|---|---|---|---|
| ZENI TEX PRIVATE LIMITED U17110GJ1990PTC014080
4 dated steps in the orderAhmedabad Bench Court 1
|
Voluntary Liquidator · Mar 2019 |
Rs 0 Cr | — | Rs 0 Cr | 1y 11mo to Mar 2021 |
| GOVARDHAN CREATION PRIVATE LIMITED U17111GJ2004PTC044017
8 dated steps in the orderAHMEDABAD, COURT - 2
|
Voluntary Liquidator · Aug 2022 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 9 mo to May 2023 |
| BOXCARE PACKAGINGS PRIVATE LIMITED U28129MH1985PTC038124
|
Voluntary Liquidator · Jan 2023 |
Rs 5 Cr | Rs 0 Cr | Rs 5 Cr | 2y 9mo to Oct 2025 |
| AUSPICIOUS SECURITIES & LEASCON PRIVATE LIMITED U65900MH1995PTC091941
6 dated steps in the orderMumbai Bench- Court I
|
Voluntary Liquidator · Feb 2022 |
Rs 2 Cr | — | Rs 2 Cr | 6 mo to Aug 2022 |
| YBS (IFSC) PRIVATE LIMITED U65999GJ2017PTC095740
7 dated steps in the orderAhmedabad Bench Court No. I
|
Voluntary Liquidator · Aug 2021 |
Rs 1 Cr | — | Rs 1 Cr | 1y 6mo to Feb 2023 |
| AXEMAN TECH PRIVATE LIMITED U72900MH2011PTC217762
|
Voluntary Liquidator · Aug 2023 |
Rs 7 Cr | Rs 0 Cr | Rs 7 Cr | 13 mo to Sep 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 →.
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Claim profile →Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,567 ranked
Recovery vs liquidation value213.6%
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 outcome10 months
national median 16 months · median of 6 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 Professional12
Liquidator1
Voluntary Liquidator6
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
Ahmedabad9 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Saaurabh runs a median 10 months to outcome across 6 concluded mandates.
The benches those mandates sit in run at 15 months, weighted by how many of his cases each one holds —
so he is closing 159 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
Textiles & Apparel3
Trading & Distribution2
Food & Agro1
Other Manufacturing1
Steel & Metals1
Machinery & Equipment1
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