Liquidation — order passed
22 of 2 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates2on this professional's record
Taken to dissolution20 still in process
Distributed vs liquidation value54.1%across 2 cases with both figures · whole record 79.7%
Order to dissolution65 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
ACASIA TELE SERVICES PRIVATE LIMITED
U32202MH1998PTC115387
|
IRP · Apr 2018
RP · May 2018
Liquidator · Feb 2019
|
🔒 | 🔒 | 🔒 | 11 mo
to Feb 2019
|
|
ADVANCE NAVOTPAD SURFACTANTS LIMITED
U74899DL1998PLC094875
|
RP · Oct 2018
Liquidator · Aug 2019
IRP · Sep 2019
|
🔒 | 🔒 | 🔒 | 10 mo
to Aug 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
3Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
Longest-running live mandate: Sunsystem Institute of Information Technology Private Limited at 3,046 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Sunsystem Institute of Information Technology Private Limited
U16911RJ2001PTC016911
Food & Agro |
IRP · May 2018
RP · Dec 2018
|
3,046d past 330d limit | Under CIRP |
|
Sunrise Naturopathy and Resorts Private Limited
U85110RJ1999PTC015643
Other Services |
IRP · Jun 2018
|
3,039d past 330d limit | Under CIRP |
|
LA-FIN FINANCIAL SERVICES PRIVATE LIMITED
U99999MH1996PTC102913
Other Services |
IRP · Aug 2018
RP · Sep 2018
|
2,950d 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.
Voluntary liquidations
1Solvent 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 dissolution3y 10mo
across 1 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Wells Fargo International Finance India Private Limited U74999KA2016FTC095937
|
Voluntary Liquidator · Sep 2018 |
Rs 2 Cr | Rs 0 Cr | Rs 1 Cr | 3y 10mo to Aug 2022 |
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 →
Is this your profile?
This page already exists — buyers already see it. Claiming puts you in control: your photo, your story, your numbers in context, enquiries routed to you.
Claim profile →Activity & context · vs India's IP universe
Activity — mandate count5 mandates on record
Typical time to outcome11 months
national median 16 months · median of 2 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 Professional9
Liquidator2
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
New Delhi3 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Mumbai2 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Sethurathnam runs a median 11 months to outcome across 2 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 closing 214 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 Services3
Food & Agro1
Electronics & Electricals1
Trying to reach Sethurathnam?
This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.