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 |
|---|---|---|---|---|---|
|
AMUL INDUSTRIES PRIVATE LIMITED
U14101GJ1995PTC026118
→ acquired by Mr. Sandeep Vadodaria, Trupti Kothari, and Harshad Gandhi (In Consortium)
|
Liquidator · Nov 2025
|
Rs 161 Cr | Rs 15 Cr | 36.8% | 2y 1mo
to May 2026
|
|
Sadbhav Enterprise Private Limited
U51101GJ2006PTC049024
→ acquired by M/s.Kataria Automobiles Pvt. Ltd
|
IRP · Sep 2017
RP · Jun 2018
|
🔒 | 🔒 | 🔒 | 2y 5mo
to Feb 2020
|
Liquidation — order passed
32 of 3 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates3on this professional's record
Taken to dissolution21 still in process
Distributed vs liquidation value108.3%across 3 cases with both figures · whole record 79.7%
Order to dissolution46 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
OASIS TEXTILES LIMITED
L17110GJ1974PLC002498
|
IRP · May 2017
RP · May 2017
Liquidator · Nov 2017
|
🔒 | 🔒 | 🔒 | 6 mo
to Nov 2017
|
|
Shriram Cement Limited
U26940GJ2000PLC037886
|
IRP · Sep 2019
RP · Nov 2019
|
Rs 21 Cr | Rs 6 Cr | — | 6y 10mo
to Jul 2026
|
|
Neuromed Imaging Centre Private Limited
U67120GJ1996PTC030017
|
RP · Jan 2020
Liquidator · Sep 2020
|
🔒 | 🔒 | 🔒 | 14 mo
to Sep 2020
|
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
1Where 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: Medilux Laboratories Private Limited at 3,154 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Medilux Laboratories Private Limited
U24232MP1985PTC002843
Other Manufacturing |
IRP · Feb 2018
|
3,154d 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.
Withdrawn / settled
3Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
MAHIP INDUSTRIES LIMITED
L15549GJ1995PLC028116
Food & Agro |
IRP · Apr 2022
|
4y 4mo |
|
Essar Shipping Limited
L61200GJ2010PLC060285
Logistics & Transport |
IRP · Mar 2021
|
5y 6mo |
|
TEAMWORK CABLES PRIVATE LIMITED
U31300GJ2009PTC056449
Machinery & Equipment |
IRP · Dec 2019
|
6y 9mo |
Voluntary liquidations
13Solvent 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 dissolution16 mo
across 10 completed · every VL on record runs 1y 8mo
Dissolution orders read6 of 13
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 |
|---|---|---|---|---|---|
| Marodia Investments Limited L65993GJ1979PLC093009
|
Voluntary Liquidator · Sep 2020 |
— | — | — | in process |
| SUPER DOMESTIC MACHINES LIMITED L74999GJ1995PLC025130
|
Voluntary Liquidator · Sep 2020 |
— | — | — | in process |
| GAUTAM FINCAP PRIVATE LIMITED U17121GJ1998PTC034980
|
Voluntary Liquidator · Jan 2019 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 12 mo to Jan 2020 |
| SHREE AUTOTECH FORGE PRIVATE LIMITED U27100GJ2005PTC046171
|
Voluntary Liquidator · May 2017 |
Rs 0 Cr | — | Rs 0 Cr | 1y 7mo to Jan 2019 |
| MAX MACHINERY MANUFACTURING CO PRIVATE LIMITED U29259GJ1981PTC004929
|
Voluntary Liquidator · Jan 2018 |
Rs 2 Cr | — | Rs 2 Cr | 17 mo to May 2019 |
| GUJARAT THERMOCATING CO PRIVATE LIMITED U29259GJ1984PTC007498
6 dated steps in the orderAhmedabad Bench Court No. II
|
Voluntary Liquidator · Jan 2023 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 16 mo to May 2024 |
| Laxmi Edifice Private Limited U45201GJ2010PTC059577
6 dated steps in the orderAhmedabad Bench Court -II
|
Voluntary Liquidator · Sep 2020 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 2y 8mo to Jun 2023 |
| KARAMSAD INVESTMENTS LIMITED U65990GJ1997PLC032513
|
Voluntary Liquidator · Aug 2018 |
Rs 0 Cr | — | Rs 0 Cr | 17 mo to Dec 2019 |
| KARAMSAD HOLDINGS LIMITED U65993GJ1997PLC032514
|
Voluntary Liquidator · Aug 2018 |
Rs 0 Cr | — | Rs 0 Cr | 16 mo to Dec 2019 |
| RAGHVANI REAL ESTATE PRIVATE LIMITED U70109GJ1995PTC028291
5 dated steps in the orderAHMEDABAD BENCH, Court 2
|
Voluntary Liquidator · Jan 2020 |
Rs 4 Cr | — | Rs 4 Cr | 9 mo to Oct 2020 |
| ENVIGO RESEARCH PRIVATE LIMITED U73100GJ2013FTC074361
|
Voluntary Liquidator · Mar 2023 |
Rs 1 Cr | Rs 1 Cr | Rs 0 Cr | 2y 5mo to Sep 2025 |
| Transmissions International India Private Limited U74140GJ2012FTC069209
|
Voluntary Liquidator · Mar 2024 |
— | — | — | in process |
| GIPCL PROJECTS AND CONSULTANCY COMPANY LIMITED U74999GJ2012PLC071761
5 dated steps in the orderAhmedabad Bench
|
Voluntary Liquidator · Jan 2019 |
Rs 0 Cr | — | Rs 0 Cr | 12 mo to Jan 2020 |
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 count6 mandates on record
Recovery vs liquidation value59.9%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor1 of 2
Typical time to outcome25 months
national median 16 months · median of 5 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
Liquidator3
Voluntary Liquidator13
Of these, 7 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
Ahmedabad9 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Umesh runs a median 25 months to outcome across 5 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 taking 297 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
Food & Agro1
Textiles & Apparel1
Logistics & Transport1
Mining1
Other Manufacturing1
Cement, Glass & Ceramics1
Machinery & Equipment1
Trading & Distribution1
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