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Home / RP Tracker / Vijay Pitambar Lulla

Vijay Pitambar Lulla UNCLAIMED PROFILE

Insolvency Professional · Maharashtra · Active since 2018
IPA ICAI IIIPI Bench Mumbai · West Reg IBBI/IPA-001/IP-P00323/2017-18/10593 CPE 174 credits
HotelsWholesale and Retail TradeConstructionReal EstateManufacturingTransportOthers ((Financial services))
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Career composition · 29 CIRP mandates
10
15
3
1
Resolved 10 Liquidation 15 Under CIRP 3 Withdrawn / settled 1
Appointments by year
'18'19'20'21'22'23'24'25'26
Overview Resolved 10 Liquidation 15 Under CIRP 3 Withdrawn 1 Standing
Mandates
28cases
Top 1% by mandate count · last appointed Jan 2026
Claims Managed
Rs 11,147Cr
across 23 cases with figures
Realised for Creditors
Rs 1,149Cr
10.3% of admitted claims
Resolved
10cases
40% resolution rate
Recovery vs LV
165.4%
9 of 9 beat the floor
Typical CIRP Time
22 months
nationally 16 months
Largest Mandate
Rs 5,403 Cr
XL Energy Limited

Resolved — plan approved

10
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
Technovaa Plastic Industries Private Limited
U25203GJ2010PTC079355
→ acquired by Kankriya Enterprises Pvt. Ltd.
RP · Jun 2019
🔒 🔒 🔒 1y 10mo
to Sep 2020
Krystal Stone Exports Limited
U26960MH1995PLC088708
→ acquired by Sonal Sumit Mehta
IRP · Sep 2019
IRP · Sep 2019
RP · Nov 2019
RP · Nov 2019
🔒 🔒 🔒 1y 9mo
to Feb 2026
H M Industrial Private Limited
U27205GJ2016PTC092510
→ acquired by Mangalam Global Enterprise Limited
RP · Aug 2019
🔒 🔒 🔒 3y 3mo
to Sep 2022
Fabtech Projects and Engineers Limited
U29299PN2002PLC017050
→ acquired by Manjeet Cotton Pvt. Ltd. and Parason Machinery (India) Pvt. Ltd. ("MCPL")
IRP · Sep 2019
RP · Nov 2019
🔒 🔒 🔒 2y 1mo
to Nov 2021
XL Energy Limited
U31300TG1985PLC005844
→ acquired by consortium of Ms. Karishma Jain with M/s. Jupiter City Developers (I) Limited and M/s. Adwaita Navigations Private Limited
IRP · Mar 2023
RP · May 2023
🔒 🔒 🔒 13 mo
to Apr 2024
ETCO INDUSTRIES PRIVATE LIMITED
U45102MH1995PTC085653
→ acquired by Ramesh D. Shah, erstwhile promoter of the Corporate Debtor; Resolution Plan title page reads 'THE RESOLUTION PLAN FOR ETCO INDUSTRIES PRIVATE LIMITED & ORS. SUBMITTED BY: Mr. RAMESH SHAH'
IRP · Sep 2019
RP · Oct 2019
🔒 🔒 🔒 2y 1mo
to Nov 2021
AHINSA BUILDTECH PRIVATE LIMITED
U45202MH2008PTC177268
→ acquired by Kabra and Associates LLP
IRP · Nov 2019
RP · Jan 2020
🔒 🔒 🔒 2y 4mo
to Mar 2022
Parole Hotels PrivateLimited
U55101GA1999PTC002758
→ acquired by Mr. Porus Adi Doctor and Mr. Satyam Bose (jointly, as consortium)
IRP · Dec 2018
RP · Jan 2019
🔒 🔒 🔒 1y 10mo
to Oct 2020
Genesis Resorts Private Limited
U55204MH2012PTC235493
→ acquired by Finquest Financial Solutions Private Limited
IRP · Dec 2019
RP · Jan 2020
🔒 🔒 🔒 4y
to Dec 2023
Neptune Developers Limited
U70102MH2004PLC147510
→ acquired by Shree Naman Developers Private Limited
IRP · Jul 2021
🔒 🔒 🔒 3y 8mo
to Mar 2025

Liquidation — order passed

15
5 of 15 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates15on this professional's record
Taken to dissolution510 still in process
Distributed vs liquidation value154.3%across 3 cases with both figures · whole record 79.7%
Order to dissolution32 moaverage over 5 completed cases
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
Worldstar Fabric LLP
AAE7573
RP · Jan 2019
Liquidator · Mar 2021
🔒 🔒 🔒
SYSKA E-RETAILS LLP
AAE8498
IRP · Jun 2025
RP · Jul 2025
Liquidator · Jan 2026
🔒 🔒 🔒 7 mo
to Jan 2026
DATSUN FASHION LIMITED
U17120MH2004PLC148992
RP · Sep 2018
Liquidator · Jun 2019
🔒 🔒 🔒 13 mo
to Jun 2019
PENGUIN UMBRELLA WORKS PRIVATE LIMITED
U18102MH1997PTC107412
IRP · Jun 2019
RP · Jul 2019
Liquidator · Feb 2020
🔒 🔒 🔒 8 mo
to Feb 2020
Sun Acrylics Private Limited
U25209MH1990PTC056535
IRP · Nov 2019
RP · Jan 2020
🔒 🔒 🔒 2y 4mo
to Mar 2022
BHUVANA INFRA PROJECTS PRIVATE LIMITED
U45202KA2011PTC056969
Liquidator · Dec 2019
🔒 🔒 🔒 1y 10mo
to Dec 2019
M/s. JK Surface Coatings Private Limited
U45202MH1998PTC117291
Liquidator · Jul 2024
🔒 🔒 🔒 13 mo
to Jun 2024
A P F ESTATES PRIVATE LIMITED
U45400TG2008PTC060297
IRP · Aug 2024
RP · Sep 2024
Liquidator · Aug 2025
🔒 🔒 🔒 11 mo
to Aug 2025
Mansi International Private Limited
U51101MH2012PTC228298
RP · Mar 2020
Liquidator · Aug 2022
🔒 🔒 🔒 2y 9mo
to Aug 2022
VIRGO HOME DEZINER PRIVATE LIMITED
U52609MH2010PTC241562
RP · May 2019
Liquidator · Aug 2021
🔒 🔒 🔒 2y 6mo
to Aug 2021
Perpetual Capital and Servicing Private Limited
U67190MH2007PTC177055
IRP · Nov 2022
RP · Dec 2022
🔒 🔒 🔒 1y 9mo
to May 2024
GLOABTEL CONVERGENCE LIMITED
U72900MH2000PLC128007
RP · Jun 2019
Liquidator · Feb 2022
🔒 🔒 🔒 3y
to Feb 2022
Siddhi Vinayak Power Generation and Distributors Private Limited
U74140DL2011PTC219442
RP · Aug 2018
IRP · Aug 2018
🔒 🔒 🔒 11 mo
to Jul 2019
M/s. Shree Daksh Jyot Silk Mills Pvt Ltd
U99999MH1988PTC047141
Liquidator · Jul 2024
🔒 🔒 🔒 1y 9mo
to Dec 2021
VIDHYA PHARMACHEM PRIVATE LIMITED
U99999MH1999PTC121241
Liquidator · Apr 2019
🔒 🔒 🔒 11 mo
to Apr 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

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.
1271–330d
2past 330d
Longest-running live mandate: Bhasin Properties and Developers Private Limited at 1,285 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Bhasin Properties and Developers Private Limited
U45400MH2014PTC251610
Construction & Infrastructure
IRP · Mar 2023
RP · Apr 2023
1,285d past 330d limit Under CIRP
MARVEL LANDMARKS PRIVATE LIMITED
U45200PN2007PTC130565
Construction & Infrastructure
IRP · Jun 2025
466d past 330d limit Under CIRP
KARANJA TERMINAL & LOGISTICS PRIVATE LIMITED
U63090MH2010PTC203226
Logistics & Transport
IRP · Nov 2025
Deemed RP · Jan 2026
309d inside 330d 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.

Withdrawn / settled

1
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
ISHWAR CONSTRUCTIONS Private Limited
U45201PN1981PTC025205
Construction & Infrastructure
IRP · Oct 2024
1y 11mo
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 countTop 1% of 2,365 ranked
At Mumbai bench — by mandate countTop 5% of 438
Recovery vs liquidation value165.4%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor9 of 9
Typical time to outcome22 months
national median 16 months · median of 24 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 Professional42
Liquidator12
Of these, 18 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
Mumbai23 mandates
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Ahmedabad2 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Hyderabad2 mandates
Bench median 14 months to outcome · 38% resolved (348 concluded cases)
Bengaluru1 mandate
Bench median 12 months to outcome · 27% resolved (177 concluded cases)
Vijay runs a median 22 months to outcome across 24 concluded mandates. The benches those mandates sit in run at 17 months, weighted by how many of his cases each one holds — so he is taking 144 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 & Infrastructure8
Trading & Distribution5
Other Services4
Textiles & Apparel2
Chemicals & Plastics1
Other Manufacturing1
Cement, Glass & Ceramics1
Steel & Metals1

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