Resolved — plan approved
2Acquirer 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 |
|---|---|---|---|---|---|
|
Heavy Metal & Tubes Ltd.
U25200GJ1990PLC014554
→ acquired by Heavy Metal and Tubes (India) Private Limited, Mr. Dilip Khandelwal and Mr. Shyamlal Gupta (Consortium)
|
IRP · Jan 2021
RP · Feb 2021
|
🔒 | 🔒 | 🔒 | 16 mo
to Apr 2022
|
|
USHDEV ENGITECH LIMITED
U29999TN2001PLC097292
→ acquired by Rakesh Ramanlal Shah
|
RP · Aug 2023
|
🔒 | 🔒 | 🔒 | 2y 6mo
to Nov 2025
|
Liquidation — order passed
5Liquidation mandates5on this professional's record
Taken to dissolution05 still in process
Distributed vs liquidation value295.2%across 1 case with both figures · whole record 79.7%
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
INNOVENTIVE INDUSTRIES LIMITED
L29309PN1991PLC063045
|
Liquidator · Dec 2021
|
🔒 | 🔒 | 🔒 | 11 mo
to Dec 2017
|
|
USHDEV INTERNATIONAL LIMITED
L40102MH1994PLC078468
|
Liquidator · Oct 2025
|
🔒 | 🔒 | 🔒 | 7y 5mo
to Oct 2025
|
|
Vivek Steelco Private Limited
U27109GJ2009PTC056434
|
IRP · Oct 2020
RP · Nov 2020
|
🔒 | 🔒 | 🔒 | 2y 9mo
to Jul 2023
|
|
CHAMPION AGRO LIMITED
U31909GJ1994PLC022605
|
RP · Sep 2022
|
🔒 | 🔒 | 🔒 | 1y 7mo
to Jan 2024
|
|
ALCOCK ASHDOWN (GUJARAT) LIMITED
U74999GJ1994SGC022952
|
RP · Jun 2021
|
🔒 | 🔒 | 🔒 | 3y 9mo
to Jan 2025
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
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.
Median time to dissolution17 mo
across 3 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Liva Investment Limited U65999GJ2018PLC105763
|
Voluntary Liquidator · Jan 2025 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 7 mo to Aug 2025 |
| Strategic Infosystems Private Limited U72900GJ2006PTC048708
|
Voluntary Liquidator · Jan 2024 |
— | — | — | in process |
| Strategic Bizcom Services Private Limited U72900GJ2015PTC082067
|
Voluntary Liquidator · Jul 2024 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 17 mo to Dec 2025 |
| ECOVIA TECH PRIVATE LIMITED U74999GJ2020PTC117283
|
Voluntary Liquidator · Feb 2024 |
Rs 6 Cr | Rs 0 Cr | Rs 0 Cr | 18 mo to Dec 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 →.
Report an error →
Activity & context · vs India's IP universe
Activity — mandate countTop 20% of 2,365 ranked
Recovery vs liquidation value138.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor2 of 2
Typical time to outcome30 months
national median 16 months · median of 7 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 Professional7
Liquidator2
Voluntary Liquidator4
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 — his mandates vs the forum's tempo
Ahmedabad4 mandates
Bench median 15 months to outcome · 32% resolved (445 concluded cases)
Mumbai3 mandates
Bench median 18 months to outcome · 34% resolved (1,247 concluded cases)
Trupalkumar runs a median 30 months to outcome across 7 concluded mandates.
The benches those mandates sit in run at 17 months, weighted by how many of his cases each one holds —
so he is taking 421 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
Machinery & Equipment3
Power & Energy1
Chemicals & Plastics1
Other Manufacturing1
Other Services1
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