Liquidation — order passed
31 of 3 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates3on this professional's record
Taken to dissolution12 still in process
Order to dissolution128 daysaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Nova Electro Magnetics Private Limited
L93090TN1989PLC033430
|
IRP · Aug 2018
RP · Sep 2018
Liquidator · Dec 2018
|
🔒 | 🔒 | 🔒 | 3 mo
to Dec 2018
|
|
Prabhat Resources Private Limited
U51900TN2008PLC068603
|
IRP · Sep 2019
RP · Nov 2019
|
🔒 | 🔒 | 🔒 | 18 mo
to Feb 2021
|
|
IDEB PROJECTS PRIVATE LIMITED
U85110KA1997PTC022128
|
IRP · Mar 2019
RP · May 2019
Liquidator · Nov 2019
|
🔒 | 🔒 | 🔒 | 7 mo
to Nov 2019
|
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: Bangalore Blues Entertainment India Private Limited at 1,262 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Bangalore Blues Entertainment India Private Limited
U55101KA2012PTC064410
Hospitality & Leisure |
RP · Aug 2023
|
1,262d past 330d limit | Inviting EoI |
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.
Voluntary liquidations
3Solvent 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 6mo
across 2 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 3
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 |
|---|---|---|---|---|---|
| Polybond Fabrics Private Limited U17112TN2011PTC078943
|
Voluntary Liquidator · May 2024 |
— | — | — | in process |
| INVALUED TRADING PRIVATE LIMITED U51909TN2019PTC130628
6 dated steps in the orderDIVISION BENCH - I, CHENNAI
|
Voluntary Liquidator · Jan 2021 |
Rs 0 Cr | Rs 0 Cr | Rs 0 Cr | 2y 7mo to Sep 2023 |
| FIRCOSOFT INDIA PRIVATE LIMITED U74900TN2011FTC083799
|
Voluntary Liquidator · Jan 2023 |
Rs 1 Cr | Rs 0 Cr | Rs 1 Cr | 4 mo to Jun 2025 |
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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Claim profile →Activity & context · vs India's IP universe
Activity — mandate count4 mandates on record
Typical time to outcome7 months
national median 16 months · median of 3 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 Liquidator3
Of these, 3 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
Chennai2 mandates
Bench median 13 months to outcome · 20% resolved (506 concluded cases)
Bengaluru2 mandates
Bench median 12 months to outcome · 27% resolved (176 concluded cases)
Velayudham runs a median 7 months to outcome across 3 concluded mandates.
The benches those mandates sit in run at 13 months, weighted by how many of his cases each one holds —
so he is closing 159 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
Other Services2
Trading & Distribution1
Hospitality & Leisure1
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