Resolved — plan approved
5Acquirer 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 |
|---|---|---|---|---|---|
|
GOPALA POLYPLAST LIMITED
L25200GJ1984PLC050560
→ acquired by Plastene India Limited
|
IRP · May 2019
RP · Jun 2019
|
🔒 | 🔒 | 🔒 | 15 mo
to Aug 2020
|
|
SHREEBHAV POLYWEAVES PRIVATE LIMITED
U17110GJ2005PTC046610
→ acquired by GMSRA Infracon Private Limited
|
RP · Apr 2022
|
🔒 | 🔒 | 🔒 | 2y
to Sep 2023
|
|
SHREEBHAV POLYKNITS PRIVATE LIMITED
U17119GJ2002PTC040800
→ acquired by Novatis Fashion Pvt. Ltd. & Gargi Texofab Pvt. Ltd. (in consortium)
|
RP · Apr 2022
|
🔒 | 🔒 | 🔒 | 16 mo
to Feb 2023
|
|
SONA ALLOYS PRIVATE LIMITED
U27107GJ2007PTC049708
→ acquired by MTC Business Pvt. Ltd. (MTC Business Private Limited / MBPL)
|
RP · Oct 2020
|
🔒 | 🔒 | 🔒 | 2y 7mo
to Feb 2023
|
|
Care Office Equipment Private Limited
U52399GJ1998PLC034605
→ acquired by Sudeep Dasani
|
RP · Sep 2019
|
🔒 | 🔒 | 🔒 | 3y 6mo
to Dec 2022
|
Liquidation — order passed
93 of 9 carried through to dissolution — liquidation completed and the company struck off.
Liquidation mandates9on this professional's record
Taken to dissolution36 still in process
Distributed vs liquidation value137.1%across 1 case with both figures · whole record 79.7%
Order to dissolution19 moaverage over 3 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
|
MAP REFOILS INDIA LIMITED
U15122GJ2015PLC081840
|
Liquidator · Aug 2025
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Jan 2024
|
|
BAID INDUSTRIES PRIVATE LIMITED
U17100GJ2007PTC050851
|
RP · Mar 2023
|
🔒 | 🔒 | 🔒 | 16 mo
to Apr 2024
|
|
ARDOR GLOBAL PRIVATE LIMITED
U24100GJ2011PTC064235
|
Liquidator · Feb 2026
|
🔒 | 🔒 | 🔒 | 2y
to Aug 2019
|
|
ORIENT NEWSPRINT LIMITED
U25209GJ1981PLC004598
|
RP · Aug 2023
|
🔒 | 🔒 | 🔒 | 9 mo
to Mar 2024
|
|
Forever Precious Jewellery and Diamond Private Limited
U36911GJ1996PLC028701
|
IRP · Feb 2018
|
🔒 | 🔒 | 🔒 | 2y 6mo
to Sep 2020
|
|
Doshion Water Solution Pvt Ltd
U41000MH2007PTC173486
|
RP · Jul 2021
Liquidator · Sep 2021
|
🔒 | 🔒 | 🔒 | 3y
to Sep 2021
|
|
Shree Vinayak Foods and Fabrics Private Limited
U51101GJ1988PTC011688
|
IRP · Feb 2018
RP · Mar 2018
Liquidator · Oct 2019
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Oct 2019
|
|
ABXL RETAILS (INDIA) PRIVATE LIMITED
U52399GJ2009PTC057588
|
IRP · Sep 2017
RP · Oct 2017
Liquidator · Jul 2018
|
🔒 | 🔒 | 🔒 | 9 mo
to Jul 2018
|
|
Orient Spa Limited
U85100GJ2008PLC052614
|
RP · Jul 2019
Liquidator · Jun 2020
|
🔒 | 🔒 | 🔒 | 15 mo
to Jun 2020
|
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
2Where 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: Kethos Tiles Private Limited at 677 days from commencement.
| Corporate Debtor | Role / Appointed | Statutory clock | Stage |
|---|---|---|---|
|
Kethos Tiles Private Limited
U26933GJ2015PTC084080
Cement, Glass & Ceramics |
RP for Pre-pack · Jan 2024
RP for Pre-pack · Jan 2024
|
677d past 330d limit | Inviting EoI |
|
DECOLIGHT CERAMICS LIMITED
L26914GJ2000PLC037494
Cement, Glass & Ceramics |
IRP · Jan 2026
RP · Feb 2026
|
253d in extension | 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.
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 5% of 2,365 ranked
At Ahmedabad bench — by mandate countTop 10% of 130
Recovery vs liquidation value193.8%
IBBI cumulative across all CIRPs since 2016: 166.6% · same basis, realised ÷ liquidation value
Mandates that beat the liquidation floor4 of 5
Typical time to outcome21 months
national median 16 months · median of 14 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 Professional19
Liquidator6
Of these, 5 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
Ahmedabad15 mandates
Bench median 15 months to outcome · 32% resolved (446 concluded cases)
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,249 concluded cases)
Vikash runs a median 21 months to outcome across 14 concluded mandates.
The benches those mandates sit in run at 16 months, weighted by how many of his cases each one holds —
so he is taking 163 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
Textiles & Apparel3
Trading & Distribution3
Chemicals & Plastics2
Cement, Glass & Ceramics2
Other Manufacturing2
Food & Agro1
Steel & Metals1
Power & Energy1
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