Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
LEELA TRADE STEEL AND COMMODITIES INDIA PRIVATE LIMITED
U27106PN2005PTC020582
→ acquired by Ritzee-Pritesh Mehta JV
|
IRP · Feb 2021
RP · Mar 2021
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Sep 2023
|
Liquidation — order passed
21 of 2 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates2on this professional's record
Taken to dissolution11 still in process
Order to dissolution14 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
WARDEN SURGICAL COMPANY PRIVATE LIMITED
U24239MH1970PTC014516
|
IRP · Jan 2023
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Oct 2024
|
|
IBRIDGE SOLUTIONS PRIVATE LIMITED
U72900PN2006PTC022056
|
IRP · Aug 2022
RP · Oct 2022
Liquidator · Feb 2024
|
🔒 | 🔒 | 🔒 | 18 mo
to Feb 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
2Where 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: M/s Khandesh Builders Private Limited at 837 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
M/s Khandesh Builders Private Limited
U45200MH1984PTC031927
Construction & Infrastructure |
IRP · Jun 2024
|
837d past 330d limit | Inviting EoI |
|
ARMAX HEALTH PRIVATE LIMITED
U85190MH2007PTC173326
Healthcare |
IRP · Jun 2022
IRP · Jun 2022
|
826d past 330d limit | Inviting EoI |
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 dissolution4y 2mo
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 Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Saurer Premier Technologies Private Limited U29253MH2015PTC302196
6 dated steps in the orderMUMBAI BENCH-IV
|
Voluntary Liquidator · Oct 2018 |
Rs 1 Cr | Rs 1 Cr | Rs 0 Cr | 4y 2mo to Jan 2023 |
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 count5 mandates on record
Recovery vs liquidation value259.3%
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 outcome22 months
national median 16 months · median of 3 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
Liquidator1
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
Mumbai5 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Shashant runs a median 22 months to outcome across 3 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 taking 107 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 Manufacturing1
Steel & Metals1
Construction & Infrastructure1
IT, Telecom & Media1
Healthcare1
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