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Home / RP Tracker / Sumit Rajnikant Mehta

Sumit Rajnikant Mehta UNCLAIMED PROFILE

Insolvency Professional · Ahmedabad, Gujarat · Active since 2023
IBBI/IPA-003/ICAI-N-00395/2021-2022/13986·IPA ICMAI IPA·CPE 67 credits
Sectors: Steel & Metals
This profile is unclaimed, so no direct contact is listed. Request an introduction →
Career composition · 2 companies
1
1
Resolved 1 Under CIRP 1
Appointments by year
1
1
0
0
'23'24'25'26
Mandates
2cases
1 with financials · last appointed Oct 2024
Resolved
1cases
100% resolution rate · 1 concluded CIRP led
Recovery vs liquidation value
26×
1 of 1 beat the liquidation floor · the floor on record was Rs 0.14 Cr
Typical CIRP time
14 months
median of 1 concluded · nationally 16 months
Rs 18 Cr admitted claims across 1 company with figures · Rs 4 Cr realised for creditors (21.0% of admitted claims)

Right now — live mandates

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: Ambition Indo Steel LLP at 739 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Ambition Indo Steel LLP
AAE6767
Steel & Metals
IRP · Sep 2024
RP · Oct 2024
739d past 330d limit EoI closed Jan 2025
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.
Overview Live 1 Resolved 1 Record & context

Resolved — plan approved

1
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
Asya Infosoft Limited
L72900GJ1985PLC029849
→ acquired by Axis Solutions Pvt Ltd
IRP · May 2023
RP · Jun 2023
🔒 🔒 🔒 14 mo
to Jul 2024
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 →
Role mix
IRP — interim2
Resolution Professional2
Of these, 2 began as an IRP appointment — the interim role the tribunal fills on admission, before the committee of creditors confirms or replaces it.
Benches — mandates vs the forum's tempo
Jaipur1 mandate
Bench median 17 months to outcome · 38% resolved (74 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Sumit runs a median 14 months to outcome across 1 concluded mandate. The benches those mandates sit in run at 16 months, weighted by how many of Sumit's cases each one holds — so Sumit is closing 69 days faster than those benches.
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 & Metals1
IT, Telecom & Media1
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