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Home / RP Tracker / Sumit Binani

Sumit Binani UNCLAIMED PROFILE

Insolvency Professional · Active since 2017
IPA ICAI IIIPI Bench Kolkata · East Reg IBBI/IPA-001/IP-N00005/2016-2017/10025 CPE 72 credits
Steel & MetalsTrading & DistributionFood & AgroMiningLogistics & TransportPower & Energy
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Career composition · 9 CIRP mandates
5
4
Resolved 5 Liquidation 4
Appointments by year
'17'18'19'20'21'22'23'24'25'26
Overview Resolved 5 Liquidation 4 Standing
Mandates
9cases
Top 20% by mandate count · last appointed Feb 2021
Claims Managed
Rs 60,388Cr
across 9 cases with figures
Realised for Creditors
Rs 33,050Cr
54.7% of admitted claims
Resolved
5cases
56% resolution rate
Recovery vs LV
329.7%
5 of 5 beat the floor
Typical CIRP Time
15 months
nationally 16 months
Largest Mandate
Rs 26,106 Cr
KSK Mahanadi Power Comp…

Resolved — plan approved

5
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
Monnet Ispat And Energy Limited
L02710CT1990PLC009826
→ acquired by Consortium of AION Investments Private II Limited and JSW Steel Limited
IRP · Jul 2017
RP · Aug 2017
🔒 🔒 🔒 12 mo
to Jul 2018
Orissa Manganese & Minerals Ltd
U13201OR1953PLC017027
→ acquired by Ghanashyam Mishra & Sons Private Limited
IRP · Aug 2017
RP · Sep 2017
🔒 🔒 🔒 11 mo
to Jun 2018
Adhunik Alloys & Power Limited
U27104WB2003PLC096616
IRP · Aug 2017
RP · Sep 2017
🔒 🔒 🔒 15 mo
to Dec 2018
KSK Mahanadi Power Company Limited
U40300TG2009PLC064062
→ acquired by JSW Energy Limited (JEL)
RP · Jun 2020
🔒 🔒 🔒 5y 4mo
to Feb 2025
Raigarh Champa Rail Infrastructure Private Limited
U60300TG2009PTC063665
→ acquired by JSW Energy Limited
IRP · Jan 2021
RP · Feb 2021
🔒 🔒 🔒 5y
to Jan 2026

Liquidation — order passed

4
1 of 4 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates4on this professional's record
Taken to dissolution13 still in process
Distributed vs liquidation value94.8%across 3 cases with both figures · whole record 79.7%
Order to dissolution79 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Adhunik Metaliks Limited
L28110OR2001PLC017271
IRP · Aug 2017
RP · Sep 2017
Liquidator · Jul 2019
🔒 🔒 🔒 2y 6mo
to Mar 2020
GUJARAT NRE COKE LTD
L51909WB1986PLC040098
IRP · Apr 2017
RP · May 2017
Liquidator · Jan 2018
🔒 🔒 🔒 9 mo
to Jan 2018
R G SHAW & SONS PVT LTD
U15520WB1939PTC007064
IRP · Apr 2017
RP · Jul 2017
Liquidator · Dec 2017
🔒 🔒 🔒 8 mo
to Dec 2017
Zion Steel Limited
U27109OR2006PLC017026
IRP · Aug 2017
RP · Sep 2017
Liquidator · Jul 2019
🔒 🔒 🔒 2y 6mo
to Mar 2020
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
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 →
Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,365 ranked
At Kolkata bench — by mandate countTop 20% of 192
Recovery vs liquidation value329.7%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor5 of 5
Typical time to outcome15 months
national median 16 months · median of 9 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
Liquidator4
Of these, 8 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
Kolkata6 mandates
Bench median 14 months to outcome · 33% resolved (530 concluded cases)
Hyderabad2 mandates
Bench median 14 months to outcome · 38% resolved (348 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Sumit runs a median 15 months to outcome across 9 concluded mandates. The benches those mandates sit in run at 15 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
Steel & Metals3
Trading & Distribution1
Mining1
Food & Agro1
Power & Energy1
Logistics & Transport1

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