Liquidation — order passed
22 of 2 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates2on this professional's record
Taken to dissolution20 still in process
Distributed vs liquidation value98.7%across 2 cases with both figures · whole record 79.7%
Order to dissolution50 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
Food Express Industrial Catering Services Private Limited
U15549TN2013PTC089645
|
IRP · Sep 2019
RP · Nov 2019
Liquidator · Mar 2020
|
🔒 | 🔒 | 🔒 | 6 mo
to Mar 2020
|
|
Vijai Mahalakshmi Spinning Mills (I) Private Limited
U17111TZ2010PTC015875
|
IRP · Nov 2017
RP · Dec 2017
Liquidator · Apr 2018
|
🔒 | 🔒 | 🔒 | 6 mo
to Apr 2018
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last two quarters — the full financial record is member data.
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 8mo
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 |
|---|---|---|---|---|---|
| TRICHY SRI AMMAN FINANCE PRIVATE LIMITED U74110TN1997PTC039318
3 dated steps in the orderDIVISION BENCH -II, CHENNAI
Delay recorded in the order“period of 107 days i.e. form 26.04.2021 to 10.08.2021 is excluded from computation of the period for completion of the Voluntary Liquidation Process” |
Voluntary Liquidator · Nov 2020 |
Rs 10 Cr | — | Rs 9 Cr | 1y 8mo to Jul 2022 |
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 count2 mandates on record
Typical time to outcome6 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 Professional4
Liquidator2
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
Chennai2 mandates
Bench median 13 months to outcome · 20% resolved (506 concluded cases)
Vengarai runs a median 6 months to outcome across 2 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 216 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
Food & Agro1
Textiles & Apparel1
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