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Home / RP Tracker / Shivadutt Bannanje

Shivadutt Bannanje UNCLAIMED PROFILE

Insolvency Professional · Active since 2018
IPA ICSI IIP Bench Bengaluru · South Reg IBBI/IPA-002/IP-N00266/2017-2018/10779 CPE 62 credits
Construction & InfrastructureTrading & DistributionFood & AgroOther ServicesSteel & MetalsElectronics & Electricals
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Viewed 7× in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 15 CIRP mandates
4
8
1
2
Resolved 4 Liquidation 8 Under CIRP 1 Withdrawn / settled 2
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 4 Liquidation 8 Under CIRP 1 Withdrawn 2 Voluntary 2 Standing
Mandates
13cases
Top 10% by mandate count · last appointed Jan 2024
Claims Managed
Rs 4,143Cr
across 12 cases with figures
Realised for Creditors
Rs 336Cr
8.1% of admitted claims
Resolved
4cases
33% resolution rate
Recovery vs LV
131.4%
4 of 4 beat the floor
Typical CIRP Time
20 months
nationally 16 months
Largest Mandate
Rs 2,151 Cr
FALCON TYRES LIMITED

Resolved — plan approved

4
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
BHUWALKA STEEL INDUSTRIES LIMITED
L27209KA1981PLC004343
→ acquired by M/s.Starteck Finance Limited
IRP · Apr 2019
RP · Jun 2019
🔒 🔒 🔒 3y 2mo
to Jun 2022
Dnyanyogi Shri Shivkumar Swamiji Sugars Limited
U15429KA2002PLC031208
→ acquired by Indian Cane Power Limited
RP · May 2022
🔒 🔒 🔒 2y 1mo
to Apr 2024
FORTUNA BUILDCON INDIA PRIVATE LIMITED
U45200KA2012PTC062908
→ acquired by Shri M C George implementing the Plan through M/s Phalada Developers Private Limited (PDPL)
IRP · Aug 2019
RP · Sep 2019
🔒 🔒 🔒 5y 4mo
to Dec 2024
FORTUNA URBANSCAPE PRIVATE LIMITED
U45201KA2011PTC057194
→ acquired by Koncept Shelters
IRP · Aug 2019
RP · Sep 2019
🔒 🔒 🔒 18 mo
to Jan 2021

Liquidation — order passed

8
4 of 8 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates8on this professional's record
Taken to dissolution44 still in process
Distributed vs liquidation value94.4%across 4 cases with both figures · whole record 79.7%
Order to dissolution45 moaverage over 4 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
FALCON TYRES LIMITED
L25114KA1973PLC002455
Liquidator · Dec 2019
🔒 🔒 🔒 2y 8mo
to Dec 2019
CONCUR MARKETING PRIVATE LIMITED
U05131KA2003PTC032068
RP · Sep 2018
Liquidator · Mar 2019
🔒 🔒 🔒 6 mo
to Mar 2019
GCL PRIVATE LIMITED
U29263KA1996PTC020217
IRP · May 2019
🔒 🔒 🔒 14 mo
to Jun 2020
BANGALORE DEHYDRATION AND DRYING EQUIPMENT CO PRIVATE LIMITED
U31909KA1984PTC006352
RP · Apr 2021
Liquidator · Dec 2021
🔒 🔒 🔒 1y 10mo
to Dec 2021
FORTUNA PROJECTS (INDIA) PRIVATE LIMITED
U45203KA2007PTC042995
IRP · Aug 2019
RP · Sep 2019
Liquidator · Oct 2019
🔒 🔒 🔒 3 mo
to Oct 2019
B.T AND F.C. PRIVATE LIMITED
U51109KA1952PTC000263
RP · Apr 2021
Liquidator · Dec 2021
🔒 🔒 🔒 2y 2mo
to Dec 2021
BLUEWATER FOODS AND EXPORTS PRIVATE LIMITED
U51223KA1997PTC021995
RP · Aug 2020
Liquidator · Feb 2021
🔒 🔒 🔒 9 mo
to Feb 2021
24X7 LEARNING PRIVATE LIMITED
U80302KA2001PTC029172
Liquidator · Nov 2019
🔒 🔒 🔒 7 mo
to Dec 2017
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: ORIJEAN PRIVATE LIMITED at 2,608 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
ORIJEAN PRIVATE LIMITED
U18201KA2011PTC060808
Textiles & Apparel
IRP · Aug 2019
2,608d 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

2
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Marksmen Digi Technologies Private Limited
U72200KA2018PTC117207
Other Services
IRP · Jan 2024
2y 8mo
WHITE HORSE NETWORK SERVICES PRIVATE LIMITED
U92490KA2014PTC077107
Other Services
RP · Mar 2019
7y 8mo

Voluntary liquidations

2
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.
Typical time to dissolution1y 8mo median across every VL on record — none of these mandates has reached dissolution yet
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
STARSHIP GLOBAL VCT LLP
AAS7360
Voluntary Liquidator · Dec 2023
— — — in process
Varada Leasing and Investments Limited
U85110KA1993PLC013917
Voluntary Liquidator · Nov 2023
— — — in process
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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Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,567 ranked
At Bengaluru bench — by mandate countTop 20% of 70
Recovery vs liquidation value131.4%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor4 of 4
Typical time to outcome20 months
national median 16 months · median of 12 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 Professional17
Liquidator7
Voluntary Liquidator2
Of these, 7 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
Bengaluru15 mandates
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Shivadutt runs a median 20 months to outcome across 12 concluded mandates. The benches those mandates sit in run at 12 months, weighted by how many of his cases each one holds — so he is taking 242 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
Construction & Infrastructure3
Other Services3
Food & Agro2
Trading & Distribution2
Other Manufacturing1
Steel & Metals1
Textiles & Apparel1
Machinery & Equipment1
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