Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
Max Heights Township and Projects Private Limited
U70109DL2006PTC150424
→ acquired by Worldfa Exports Private Limited
|
IRP · Mar 2023
RP · Apr 2023
|
🔒 | 🔒 | 🔒 | 14 mo
to Apr 2024
|
Withdrawn / settled
1Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
QUALITY STEEL PRODUCTS LIMITED
U51109UP1990PLC011787
Trading & Distribution |
IRP · Dec 2021
RP · Feb 2022
|
4y 9mo |
Voluntary liquidations
1Solvent 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 dissolution1y 11mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 1
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 |
|---|---|---|---|---|---|
| PAMBA Engineering and Construction Company Private Limited U45201DL1996PTC079150
5 dated steps in the orderSPECIAL BENCH (COURT-II), NEW DELHI
|
Voluntary Liquidator · Nov 2021 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 1y 11mo to Oct 2023 |
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 count1 mandates on record
Recovery vs liquidation value114.2%
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 outcome14 months
national median 16 months · median of 1 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 Professional4
Voluntary Liquidator1
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
Allahabad1 mandate
Bench median 22 months to outcome · 44% resolved (101 concluded cases)
New Delhi1 mandate
Bench median 17 months to outcome · 35% resolved (777 concluded cases)
Varun runs a median 14 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 20 months, weighted by how many of his cases each one holds —
so he is closing 176 days faster 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
Trading & Distribution1
Real Estate & Housing1
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