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Home / RP Tracker / Santosh Choraria

Santosh Choraria UNCLAIMED PROFILE

Insolvency Professional · West Bengal · Active since 2018
IPA ICAI IIIPI Bench Kolkata · East Reg IBBI/IPA-001/IP-P00549/2017-2018/10979 CPE 103 credits
Others (Iron and steel, Metal)
This profile is unclaimed, so no direct contact is listed. Request an introduction →
Career composition · 7 CIRP mandates
2
3
1
1
Resolved 2 Liquidation 3 Under CIRP 1 Withdrawn / settled 1
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 2 Liquidation 3 Under CIRP 1 Withdrawn 1 Voluntary 1 Standing
Mandates
6cases
5 with financials · last appointed Jan 2024
Claims Managed
Rs 2,803Cr
across 5 cases with figures
Realised for Creditors
Rs 32Cr
1.1% of admitted claims
Resolved
2cases
40% resolution rate
Recovery vs LV
124.3%
2 of 2 beat the floor
Typical CIRP Time
13 months
nationally 16 months
Largest Mandate
Rs 1,689 Cr
BENGAL INDIA GLOBAL INF…

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
SURAJ FABRICS INDUSTRIES LIMITED
U17119DL1995PLC396367
→ acquired by Sponge Sales India Private Limited; referred to elsewhere in the order as M/s. Sponge Sales (India) Private Limited
IRP · Jul 2019
RP · Aug 2019
🔒 🔒 🔒 13 mo
to Aug 2020
Wellman Carbo Metalicks India Private Limited
U23109WB2004PLC099328
→ acquired by Orissa Metaliks Private Limited (CIN: U27109WB2006PTC111146)
IRP · Aug 2019
RP · Sep 2019
🔒 🔒 🔒 2y 3mo
to Nov 2021

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
Distributed vs liquidation value2,250.0%across 2 cases with both figures · whole record 79.7%
Order to dissolution25 moaverage over 2 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
SHRI BADRINARAIN ALLOYS & STEEL LTD.
L27100WB1983PLC035650
Liquidator · Jan 2024
🔒 🔒 🔒 9 mo
to Sep 2019
SPS Ispat and Power Limited
U27100WB2011PLC158285
IRP · Aug 2019
🔒 🔒 🔒 17 mo
to Jan 2021
BENGAL INDIA GLOBAL INFRASTRUCTURE LIMITED
U70101WB2002PLC095018
IRP · Oct 2018
🔒 🔒 🔒 7 mo
to May 2019
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: THE ORISSA MINERALS DEVELOPMENT COMPANY LIMITED at 3,136 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
THE ORISSA MINERALS DEVELOPMENT COMPANY LIMITED
L51430OR1918GOI034390
Trading & Distribution
IRP · Sep 2020
3,136d past 330d limit Under CIRP
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
BST INFRATECH LIMITED
U27310WB2007PLC114311
Other Manufacturing
IRP · Nov 2021
4y 10mo

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.
Median time to dissolution14 mo across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 1 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
ART VIEW TRACON PRIVATE LIMITED
U51109WB1997PTC083775
4 dated steps in the order
Kolkata Bench-1, Kolkata
  1. Members' resolution7 Mar 2023
  2. Commencement30 Mar 2023
  3. Public announcement3 Apr 2023
  4. Dissolution order13 Jun 2024
Voluntary Liquidator · Mar 2023
Rs 0 Cr Rs 0 Cr Rs 0 Cr 14 mo
to Jun 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 count6 mandates on record
Recovery vs liquidation value124.3%
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 outcome13 months
national median 16 months · median of 5 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 Professional8
Liquidator1
Voluntary Liquidator1
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
Kolkata6 mandates
Bench median 14 months to outcome · 33% resolved (530 concluded cases)
Santosh runs a median 13 months to outcome across 5 concluded mandates. The benches those mandates sit in run at 14 months, weighted by how many of his cases each one holds — so he is closing 32 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
Trading & Distribution1
Textiles & Apparel1
Chemicals & Plastics1
Real Estate & Housing1

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