We use a session cookie and first-party analytics to run this site — no third-party trackers, no ads. Details in our Privacy Policy.
RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Home / RP Tracker / Vekas Kumar Garg

Vekas Kumar Garg UNCLAIMED PROFILE

Insolvency Professional · Delhi · Active since 2019
IPA ICSI IIP Bench New Delhi · North Reg IBBI/IPA-002/IP-N00738/2018-2019/12291 CPE 116 credits
ElectricityReal EstateOthers (Energy resources trading and related services, Construction and real estate development, Manufacturing and trading of chemicals, Forestry, timber products and construction materials, Phenolic resins and industrial chemicals manufacturing, Workforce management and analytics software, Coal trading and energy resources supply, Software development and IT services, Geospatial analytics and data intelligence solutions)
This profile is unclaimed, so no direct contact is listed. Request an introduction →
Career composition · 7 CIRP mandates
1
1
3
2
Resolved 1 Liquidation 1 Under CIRP 3 Withdrawn / settled 2
Appointments by year
'19'20'21'22'23'24'25'26
Overview Resolved 1 Liquidation 1 Under CIRP 3 Withdrawn 2 Voluntary 7 Standing
Mandates
5cases
2 with financials · last appointed Jun 2026
Claims Managed
Rs 54Cr
across 2 cases with figures
Realised for Creditors
Rs 10Cr
18.0% of admitted claims
Resolved
1cases
50% resolution rate
Recovery vs LV
79.5%
0 of 1 beat the floor
Typical CIRP Time
35 months
nationally 16 months
Largest Mandate
Rs 37 Cr
Cambridge Energy Resour…

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
Cambridge Energy Resources Private Limited.
U40106HR2009PTC039660
→ acquired by ConnectM Technology Solutions Pvt. Ltd
IRP · Mar 2021
RP · May 2021
🔒 🔒 🔒 4y
to Apr 2025

Liquidation — order passed

1
Liquidation mandates1on this professional's record
Taken to dissolution01 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
SOMANIL CHEMICALS LIMITED
U24119UP1999PLC024690
RP · Nov 2020
Liquidator · Dec 2021
🔒 🔒 🔒 1y 9mo
to Dec 2021
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

3
Where each live mandate stands against the statutory clock — 180 days from commencement, 270 with the single permitted extension, 330 as the outer limit.
1within 180d
1181–270d
1past 330d
Longest-running live mandate: Jaipuria Buildcon Private Limited. at 1,573 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Jaipuria Buildcon Private Limited.
U45201DL2005PTC141047
Construction & Infrastructure
IRP · Jun 2022
RP · Jul 2022
1,573d past 330d limit Inviting EoI
AJS AGRO TRADE PRIVATE LIMITED
U51211CT2020PTC011119
Trading & Distribution
IRP · Feb 2026
222d in extension Inviting EoI
SUPER PROPERTY MAINTENANCE PRIVATE LIMITED
U45201DL1997PTC087131
Construction & Infrastructure
IRP · Jun 2026
102d within 180d Newly admitted
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

2
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
REDTOPAZ REAL ESTATE PRIVATE LIMITED
U45201DL2006PTC147961
Construction & Infrastructure
IRP · Aug 2019
RP · Oct 2019
7y
Ninex Developers Limited
U70101DL2006PLC148931
Real Estate & Housing
IRP · Jul 2019
RP · Sep 2019
7y 1mo

Voluntary liquidations

7
Solvent 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 dissolution3y 3mo across 4 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 7 the tribunal's own order, field by field — expand a row for the dated sequence
Corporate DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
SUMITOMO FORESTRY INDIA PRIVATE LIMITED
U02000HR2015FTC057332
7 dated steps in the order
Chandigarh Bench (Court-II)
  1. Members' resolution17 Dec 2021
  2. Commencement27 Dec 2021
  3. Public announcement29 Dec 2021
  4. Claims deadline26 Jan 2022
  5. Preliminary report10 Feb 2022
  6. Final report21 Jun 2023
  7. Dissolution order25 Sep 2025
Voluntary Liquidator · Dec 2021
Rs 6 Cr Rs 0 Cr Rs 5 Cr 3y 8mo
to Sep 2025
PEABODY COAL TRADE INDIA PRIVATE LTD.
U51900DL2012FTC234697
Voluntary Liquidator · Aug 2020
in process
Providence Equity Advisors India Private Ltd.
U67110DL2007PTC183974
Voluntary Liquidator · Apr 2020
Rs 2 Cr Rs 1 Cr 2y 5mo
to Sep 2022
SPACE-TIME INSIGHT INDIA PRIVATE LTD.
U72200TG2014FTC094701
4 dated steps in the order
Hyderabad Bench
  1. Members' resolution26 Jun 2019
  2. Commencement1 Jul 2019
  3. Public announcement3 Jul 2019
  4. Dissolution order28 Apr 2022
Voluntary Liquidator · Jul 2019
Rs 0 Cr Rs 0 Cr 2y 9mo
to Apr 2022
BL INFORMATION SOFTWARE INDIA PRIVATE LTD.
U72900PB2016FTC045480
Voluntary Liquidator · Mar 2019
in process
Teleopti India Private Limited.
U74140HR2007PTC036571
6 dated steps in the order
CHANDIGARH BENCH, CHANDIGARH
  1. Members' resolution8 Jul 2019
  2. Commencement8 Jul 2019
  3. Public announcement8 Jul 2019
  4. Claims deadline7 Aug 2019
  5. Preliminary report23 Aug 2019
  6. Dissolution order4 Sep 2023
Voluntary Liquidator · Jul 2019
Rs 1 Cr Rs 0 Cr Rs 1 Cr 4y 1mo
to Sep 2023
IFP BAKELITE INDIA PRIVATE LIMITED
U74993HR2018FTC072669
Voluntary Liquidator · Oct 2020
in process
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 count5 mandates on record
Recovery vs liquidation value79.5%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor0 of 1
Typical time to outcome35 months
national median 16 months · median of 2 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
Liquidator1
Voluntary Liquidator7
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
New Delhi4 mandates
Bench median 17 months to outcome · 36% resolved (780 concluded cases)
Allahabad1 mandate
Bench median 21 months to outcome · 45% resolved (103 concluded cases)
Chandigarh1 mandate
Bench median 20 months to outcome · 37% resolved (210 concluded cases)
Cuttack1 mandate
Bench median 18 months to outcome · 35% resolved (49 concluded cases)
Vekas runs a median 35 months to outcome across 2 concluded mandates. The benches those mandates sit in run at 18 months, weighted by how many of his cases each one holds — so he is taking 519 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
Construction & Infrastructure3
Other Manufacturing1
Power & Energy1
Trading & Distribution1
Real Estate & Housing1

Is this your profile?

This page already exists — buyers already see it. Claiming puts you in control: your photo, your story, your numbers in context, enquiries routed to you.

Claim profile →

See everything claiming unlocks →

Trying to reach Vekas?

This profile is unclaimed, so direct contact isn't listed. Leave your details and we'll route the introduction.

We pass on your interest and step out. No fee, no matchmaking, no ranking of who gets introduced.

← All RP profiles