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 |
|---|---|---|---|---|---|
|
FOURPOL ELECTRICALS PRIVATE LIMITED
U31401TN2011PTC081386
→ acquired by Mr.Hiren C Shah
|
IRP · Oct 2021
RP · Oct 2021
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Jul 2023
|
Liquidation — order passed
71 of 7 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates7on this professional's record
Taken to dissolution16 still in process
Distributed vs liquidation value55.2%across 2 cases with both figures · whole record 79.7%
Order to dissolution25 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Karur KCP Packagings Limited
L21029PY1991PLC000730
|
IRP · Apr 2019
RP · Jun 2019
Liquidator · Mar 2021
|
🔒 | 🔒 | 🔒 | 1y 10mo
to Mar 2021
|
|
VASMO AGRO NUTRI PRODUCT PRIVATE LIMITED
U15400TN2010PTC076230
|
IRP · Mar 2019
RP · Apr 2019
Liquidator · Mar 2020
|
🔒 | 🔒 | 🔒 | 12 mo
to Mar 2020
|
|
CALL EXPRESS CONSTRUCTION (INDIA) PRIVATE LIMITED.
U45201TN2006PTC058525
|
IRP · Jul 2023
RP · Aug 2023
|
🔒 | 🔒 | 🔒 | 15 mo
to Oct 2024
|
|
GKK Exports Private Limited
U51102TN1994PTC027931
|
IRP · Mar 2019
RP · Apr 2019
Liquidator · Dec 2020
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Dec 2020
|
|
SR MARINE FOODS PRIVATE LIMITED
U51223TN2010PTC077129
|
RP · Oct 2022
|
🔒 | 🔒 | 🔒 | 16 mo
to Oct 2023
|
|
CRYO-SAVE (INDIA) PRIVATE LIMITED
U85100KA2008PTC060530
|
RP · Jun 2019
IRP · Aug 2019
Liquidator · Jan 2021
|
🔒 | 🔒 | 🔒 | 7 mo
to Feb 2020
|
|
MAHARAJA THEME PARKS AND RESORTS PRIVATE LIMITED
U92199TZ1995PTC005954
|
IRP · Apr 2019
RP · May 2019
Liquidator · Dec 2019
|
🔒 | 🔒 | 🔒 | 8 mo
to Dec 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
4Where 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: LEATHER EXPORT HOUSE INDIA PRIVATE LIMITED at 3,170 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
LEATHER EXPORT HOUSE INDIA PRIVATE LIMITED
U18209TN1965PTC005290
Textiles & Apparel |
IRP · Oct 2019
|
3,170d past 330d limit | Under CIRP |
|
KARISMAA FOUNDATIONS PRIVATE LIMITED
U45400TN2010PTC078018
Construction & Infrastructure |
IRP · Jul 2019
|
2,640d past 330d limit | Under CIRP |
|
SA RAWTHER SPICES PRIVATE LIMITED
U15495KA1985PTC007373
Food & Agro |
IRP · Aug 2019
RP · Oct 2019
|
2,589d past 330d limit | Under CIRP |
|
Premier Security and Detective Bureau Private Limited
U74920TN1999PTC041817
Other Services |
IRP · Dec 2019
|
2,472d 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 dissolution10 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 Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| TS SHAPE INDIA PRIVATE LIMITED U35900TN2016PTC111752
5 dated steps in the orderDIVISION BENCH – I, CHENNAI
Delay recorded in the order“The Liquidator could not complete the distribution in full and was awaiting the GST orders from the GST Department. The delay was attributable to the issuance of GST notice.” |
Voluntary Liquidator · Jun 2023 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 10 mo to Apr 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 →.
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Activity & context · vs India's IP universe
Activity — mandate countTop 10% of 2,365 ranked
At Chennai bench — by mandate countTop 20% of 149
Recovery vs liquidation value100.0%
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 outcome16 months
national median 16 months · median of 8 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 Professional20
Liquidator5
Voluntary Liquidator1
Of these, 11 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
Chennai10 mandates
Bench median 13 months to outcome · 20% resolved (503 concluded cases)
Bengaluru2 mandates
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Subramaniam runs a median 16 months to outcome across 8 concluded mandates.
The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds —
so he is taking 87 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 Services3
Food & Agro2
Construction & Infrastructure2
Trading & Distribution2
Other Manufacturing1
Textiles & Apparel1
Electronics & Electricals1
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