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Home / RP Tracker / Sundaresh Bhat

Sundaresh Bhat UNCLAIMED PROFILE

Insolvency Professional · Active since 2017
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00077/2017-2018/10162 CPE 89 credits
Logistics & TransportMachinery & EquipmentTrading & DistributionConstruction & InfrastructureOther ServicesChemicals & Plastics
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Viewed in 90 days — what ARCs, banks & funds see when they search this name
Career composition · 7 CIRP mandates
1
5
1
Resolved 1 Liquidation 5 Under CIRP 1
Appointments by year
'17'18'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 5 Under CIRP 1 Standing
Mandates
7cases
Top 20% by mandate count · last appointed Mar 2022
Claims Managed
Rs 36,887Cr
across 6 cases with figures
Realised for Creditors
Rs 2,738Cr
7.4% of admitted claims
Resolved
1cases
17% resolution rate
Recovery vs LV
126.8%
1 of 1 beat the floor
Typical CIRP Time
17 months
nationally 16 months
Largest Mandate
Rs 19,317 Cr
ABG Shipyard Limited

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
JBF Petrochemicals Limited
U24290DN2008PLC000287
→ acquired by GAIL (India) Limited
IRP · Jan 2022
RP · Mar 2022
🔒 🔒 🔒 13 mo
to Mar 2023

Liquidation — order passed

5
1 of 5 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates5on this professional's record
Taken to dissolution14 still in process
Distributed vs liquidation value114.0%across 2 cases with both figures · whole record 79.7%
Order to dissolution51 moaverage over 1 completed case
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
EMCO LIMITED
L31102MH1964PLC013011
RP · Oct 2019
Liquidator · Aug 2021
🔒 🔒 🔒 2y
to Aug 2021
Sterling Biotech Limited
L51900MH1985PLC035738
IRP · Jun 2018
RP · Jul 2018
🔒 🔒 🔒 11 mo
to May 2019
ABG Shipyard Limited
L61200GJ1985PLC007730
IRP · Aug 2017
RP · Sep 2017
Liquidator · Apr 2019
🔒 🔒 🔒 1y 8mo
to Apr 2019
LOTUS SHOPPING CENTRES PRIVATE LIMITED
U45209KA2007PTC044541
IRP · Aug 2018
🔒 🔒 🔒 10 mo
to Jun 2019
BSR DIAGNOSTIC LIMITED
U85110CT1994PLC008663
IRP · Sep 2017
RP · Nov 2017
🔒 🔒 🔒 4y 5mo
to Mar 2022
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: MACK SOFT TECH PRIVATE LIMITED at 3,331 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
MACK SOFT TECH PRIVATE LIMITED
U41001MH2003PTC470629
Construction & Infrastructure
IRP · Aug 2017
3,331d 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.
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 2,308 ranked
Recovery vs liquidation value126.8%
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 outcome17 months
national median 16 months · median of 6 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 Professional11
Liquidator2
Of these, 6 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
Mumbai3 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (447 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (177 concluded cases)
Sundaresh runs a median 17 months to outcome across 6 concluded mandates. The benches those mandates sit in run at 16 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
Construction & Infrastructure2
Machinery & Equipment1
Trading & Distribution1
Logistics & Transport1
Chemicals & Plastics1
Other Services1

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