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 |
|---|---|---|---|---|---|
|
Marappar Textiles Private Limited
U17111TZ2014PTC020436
→ acquired by Mr. M. Shanmugham
|
IRP · Mar 2022
IRP · Mar 2022
|
🔒 | 🔒 | 🔒 | 13 mo
to Jul 2024
|
Voluntary liquidations
4Solvent 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 Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| CHIDA SPINNING MILLS PRIVATE LIMITED U18100AP1982PTC003396
|
Voluntary Liquidator · Mar 2025 |
— | — | — | in process |
| CRESSTEK ENGINEERING SOLUTIONS PRIVATE U72900KA2013PTC147183
|
Voluntary Liquidator · Nov 2024 |
— | — | — | in process |
| METALOGIC DATA CONSULTING PRIVATE LIMITED U72900TN2020FTC137825
|
Voluntary Liquidator · Jun 2025 |
— | — | — | in process |
| AARGEE STAFFING SERVICES PRIVATE LIMITED U74900TN2009PTC070925
|
Voluntary Liquidator · Oct 2025 |
— | — | — | 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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Claim profile →Activity & context · vs India's IP universe
Activity — mandate count1 mandates on record
Recovery vs liquidation value105.2%
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 outcome13 months
national median 16 months · median of 1 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 Professional2
Voluntary Liquidator4
Of these, 1 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
Chennai1 mandate
Bench median 13 months to outcome · 20% resolved (504 concluded cases)
Sriram runs a median 13 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 13 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
Textiles & Apparel1
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