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Home / RP Tracker / Sandeep D. Maheshwari

Sandeep D. Maheshwari UNCLAIMED PROFILE

Insolvency Professional · Maharashtra · Active since 2019
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00640/2017-2018/11093 CPE 126 credits
ConstructionReal EstateManufacturingOthers (furnishing business & Textile Industry)
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Career composition · 11 CIRP mandates
1
3
6
1
Resolved 1 Liquidation 3 Under CIRP 6 Withdrawn / settled 1
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 3 Under CIRP 6 Withdrawn 1 Standing
Mandates
10cases
Top 20% by mandate count · last appointed Feb 2026
Claims Managed
Rs 379Cr
across 3 cases with figures
Realised for Creditors
Rs 29Cr
7.7% of admitted claims
Resolved
1cases
25% resolution rate
Recovery vs LV
142.8%
1 of 1 beat the floor
Typical CIRP Time
18 months
nationally 16 months
Largest Mandate
Rs 311 Cr
Mithila Cars Private Li…

Resolved — plan approved

1
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
Sangeeta Tex Dyes Private Limited
U17120MH2009PTC196784
→ acquired by Harit Industries Private Limited (HIPL)
RP · Dec 2021
🔒 🔒 🔒 2y 5mo
to Jul 2022

Liquidation — order passed

3
2 of 3 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates3on this professional's record
Taken to dissolution21 still in process
Order to dissolution50 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Shiv Mfg. Pipes Private Limited
U28910MH2013PTC249912
Liquidator · Nov 2021
🔒 🔒 🔒 2y 1mo
to Nov 2021
Shivris Resources Private Limited
U45201MH2006PTC165088
IRP · May 2024
RP · Jun 2024
🔒 🔒 🔒 10 mo
to Mar 2025
Mithila Cars Private Limited
U74990MH2009PTC193135
Liquidator · Feb 2024
🔒 🔒 🔒 12 mo
to Apr 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

6
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1181–270d
5past 330d
Longest-running live mandate: Setubandhan Infrastructure Limited (formerly Prakash Constrowell Limited) at 1,394 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Setubandhan Infrastructure Limited (formerly Prakash Constrowell Limited)
L45200MH1996PLC095941
Construction & Infrastructure
IRP · Nov 2022
RP · Jan 2023
1,394d past 330d limit Inviting EoI
Kimaya Fashions Private Limited
U18101MH2002PTC134409
Textiles & Apparel
IRP · Feb 2023
RP · Mar 2023
1,313d past 330d limit Inviting EoI
MPS Car Care & Services Private Limited
U50404PN2008PTC132580
Trading & Distribution
IRP · Apr 2023
RP · Jun 2023
1,260d past 330d limit Under CIRP
Neelkantham Systems Private Limited
U51505CT2001PTC014514
Trading & Distribution
IRP · Nov 2019
IRP · Nov 2019
600d past 330d limit Inviting EoI
R M Bhuther and Company Limited
U45201MH2001PLC132232
Construction & Infrastructure
IRP · Mar 2023
IRP · Mar 2023
383d past 330d limit Inviting EoI
Richa India Infra Development Private Limited
U45400MH2010PTC211530
Construction & Infrastructure
IRP · Dec 2023
IRP · Dec 2023
IRP · Feb 2026
IRP · Feb 2026
218d 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
Praxis Home Retail Limited
L52100MH2011PLC212866
Trading & Distribution
IRP · Aug 2020
6y 1mo
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 2,365 ranked
Recovery vs liquidation value142.8%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 1
Typical time to outcome18 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 Professional18
Liquidator2
Of these, 8 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
Mumbai10 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Cuttack1 mandate
Bench median 18 months to outcome · 35% resolved (49 concluded cases)
Sandeep runs a median 18 months to outcome across 4 concluded mandates. The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds — so he is moving at the pace of his own forums, within a month either way.
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
Construction & Infrastructure4
Trading & Distribution3
Textiles & Apparel2
Other Manufacturing1
Other Services1

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