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RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
State

Gujarat · page 5

This index covers 681 insolvency cases on record since 2017. Of the concluded cases, 129 ended in an approved resolution plan and 270 in liquidation — a liquidation rate of 67.7%. 144 remain under CIRP today. Cases here take a median 464 days from admission to a plan or liquidation order (n=397), against a national median of 480 days (n=4,663).

Total681on record
Resolved129plan approved
Liquidated270order passed
Under CIRP144running now
Median haircut77.4% national 77.2% · n=123

Figures, haircuts and benchmarks sit on each case page, for members. This index is the public record; the interpretation is the product.

CompanyStatusSectorNCLT bench Resolution professionalAdmittedOutcome
Gokul Ceramic Private Limited Liquidation Order Other Manufacturing Ahmedabad Keyur Jagdishbhai Shah 15 Jan 2021 07 Jun 2022
Bansal Infracon Private Limited Liquidation Order Steel & Metals Ahmedabad Tejas Shah 29 Nov 2021 31 May 2022
Bansal Multiflex Limited Resolution Plan Approved Other Manufacturing Ahmedabad Kailash Shah 18 Dec 2020 31 May 2022
Rainbow Industrial Park Private Limited Liquidation Order Construction & Infrastructure Ahmedabad Kinjalkumar Madhubhai Chaudhary 05 Oct 2021 31 May 2022
Mahip Industries Limited Withdrawn u/s 12A Food & Agro Ahmedabad Umesh Harjivandas Ved 27 Apr 2022 30 May 2022
Vibrant Fab Private Limited Liquidation Order Textiles & Apparel Ahmedabad Kamal Kishor Gurnani 31 Dec 2020 30 May 2022
Raymon Patel Gelatine Private Limited Withdrawn (NCLAT Settlement) Other Manufacturing Ahmedabad Bhaskar Gopal Shetty 30 Mar 2022 27 May 2022
Heavy Metal & Tubes Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Trupalkumar Patel 01 Jan 2021 29 Apr 2022
D C W Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Rajesh Kumar Mittal 31 Mar 2022 25 Apr 2022
Shree Rama Newsprint Limited Withdrawn (NCLAT Settlement) Other Manufacturing Ahmedabad Pradeep Kumar Kabra 16 Mar 2022 12 Apr 2022
Sanskrut Jewel Residency Limited Liability Partnership Withdrawn u/s 12A Construction & Infrastructure Ahmedabad Ramchandra Dallaram Choudhary 04 Mar 2022 06 Apr 2022
Eagle Corporation Private Limited Liquidation Order Trading & Distribution Ahmedabad Dhaval Jitendrakumar Mistry 15 Oct 2019 30 Mar 2022
Raghukul Cottex And Processing Private Limited Liquidation Order Textiles & Apparel Ahmedabad Shalabh Kumar Daga 18 Dec 2020 30 Mar 2022
Karington Club and Resort Limited Withdrawn u/s 12A Trading & Distribution Ahmedabad Jigar Tarunkumar Bhatt 10 Jul 2019 28 Mar 2022
Karington Club and Resort Limited Withdrawn u/s 12A Trading & Distribution Ahmedabad Jigar Tarunkumar Bhatt 27 Sep 2021 28 Mar 2022
Gujarat State Construction Corporation Limited Liquidation Order Other Services Ahmedabad Arvind Gaudana 11 Nov 2020 02 Mar 2022
K K Kadri Paper Mills Private Limited Resolution Plan Approved Other Manufacturing Ahmedabad Shyam Sundar Rathi 25 Jul 2019 15 Feb 2022
Nizamiya Construction Private Limited Liquidation Order Construction & Infrastructure Ahmedabad Keyur Jagdishbhai Shah 26 Apr 2021 27 Jan 2022
Lancer Laser Tech Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Sushil Vishwakant Tewary 17 Mar 2021 12 Jan 2022
Positive Point Graphic Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Lalitkumar Vithaldas Raithatha 21 Dec 2021 10 Jan 2022
Kingston Paptech Limited Admission set aside (NCLAT) Other Manufacturing Ahmedabad Vinod Tarachand Agrawal 15 Mar 2021 06 Jan 2022
Real Strips Limited Resolution Plan Approved Steel & Metals Ahmedabad Ramchandra Dallaram Choudhary 09 Mar 2021 04 Jan 2022
Vardhman Vitrified Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Sunit Jagdishchandra Shah 10 Sep 2020 03 Jan 2022
Heat Therm Private Limited Withdrawn u/s 12A Machinery & Equipment Ahmedabad Nimai Gautam Shah 18 Dec 2020 22 Dec 2021
Favourite Fabtech Private Limited Resolution Plan Approved Machinery & Equipment Ahmedabad Jigar Tarunkumar Bhatt 17 Mar 2020 14 Dec 2021
Jay Polypack Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Pradeep Kumar Kabra 27 May 2020 14 Dec 2021
WSH Private Limited Liquidation Order Trading & Distribution Ahmedabad Suhas Dinkar Bhattbhatt 27 Jan 2021 14 Dec 2021
Agarwal Mittal Concast Private Limited Resolution Plan Approved Steel & Metals Ahmedabad Rishabh Chand Lodha 16 Mar 2020 13 Dec 2021
Morakhia Copper and Alloys Private Limited Resolution Plan Approved Steel & Metals Ahmedabad Jitender Kumar Jain 19 Feb 2020 13 Dec 2021
Shaifali Steels Limited Resolution Plan Approved Steel & Metals Ahmedabad Parag Sheth 17 Dec 2019 13 Dec 2021
RMOL Engineering and Offshore Limited Liquidation Order Machinery & Equipment Ahmedabad Jigar Tarunkumar Bhatt 21 Aug 2019 06 Dec 2021
Srk Chemicals Limited Liquidation Order Chemicals & Plastics Ahmedabad Rajendra Sanghi 27 Nov 2019 29 Nov 2021
Maktel Control & Systems Private Limited Liquidation Order Machinery & Equipment Ahmedabad Dharit Kishorbhai Shah 02 Feb 2021 23 Nov 2021
Padmavati Intermediates Private Limited Liquidation Order Other Manufacturing Ahmedabad Darshan Bharatbhai Patel 03 Feb 2021 16 Nov 2021
Jyoti Power Corporation Private Limited Resolution Plan Approved Construction & Infrastructure Ahmedabad Chandra Prakash Jain 05 Feb 2020 14 Oct 2021
Khushiya Industries Private Limited Resolution Plan Approved Food & Agro Ahmedabad Chirag Rajendra Kumar Shah 28 Sep 2020 14 Oct 2021
Pradip Overseas Limited Resolution Plan Approved Textiles & Apparel Ahmedabad Ravi Kapoor 09 Nov 2020 14 Oct 2021
Supreme Finefab Pvt Ltd Liquidation Order Textiles & Apparel Ahmedabad Vikas Prakash Gupta 16 Mar 2021 08 Oct 2021
Utility Agrotech Industries Pvt. Limited Liquidation Order Food & Agro Ahmedabad Vikas Prakash Gupta 16 Mar 2021 08 Oct 2021
GSL Nova Petrochemicals Limited Resolution Plan Approved Real Estate & Housing Ahmedabad Kailash Shah 18 Mar 2020 05 Oct 2021
Poggenamp Nagarsheth Powertronics Private Limited Resolution Plan Approved IT, Telecom & Media Ahmedabad Sachin Dinkar Bhattbhatt 22 Jan 2020 05 Oct 2021
Vadraj Energy (Gujarat) Limited Resolution Plan Approved Power & Energy Ahmedabad Raj Kumar Poddar 08 Jan 2020 05 Oct 2021
Ahitri Spinning Mills Private Limited Withdrawn u/s 12A Textiles & Apparel Ahmedabad Bhupendra Singh Narayan Singh Rajput 03 May 2021 04 Oct 2021
FNL AAC Block Private Limited Liquidation Order Cement, Glass & Ceramics Ahmedabad Vineeta Maheshwari 24 Jul 2020 21 Sep 2021
Polygold Pre-Cured Systems Private Limited Resolution Plan Approved Chemicals & Plastics Ahmedabad Dhaval Jitendrakumar Mistry 16 Mar 2020 20 Sep 2021
Reds Marine Services Limited Liquidation Order Machinery & Equipment Ahmedabad Pinakin Surendra Shah 06 Nov 2020 14 Sep 2021
MBC Agro Industries LLP Withdrawn u/s 12A Logistics & Transport Ahmedabad Malhar Rashmikant Mehta 07 Apr 2021 24 Aug 2021
Euphoria Technologies Private Limited Withdrawn (NCLAT Settlement) Other Services Ahmedabad Pradeep Srivastava 17 Mar 2021 10 Aug 2021
Sunlight Extrusion Private Limited Liquidation Order Steel & Metals Ahmedabad Abhishek Nagori 25 Feb 2020 12 Jul 2021
OYO Hotels and Homes Private Limited Withdrawn u/s 12A Other Services Ahmedabad Keyur Jagdishbhai Shah 30 Mar 2021 07 Jul 2021
Alps Pharmaceuticals Private Limited Liquidation Order Pharmaceuticals Ahmedabad Bhupendra Singh Narayan Singh Rajput 06 Nov 2019 06 Jul 2021
Angstrom Biotech Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Nandish Sunilbhai Vin 15 Mar 2021 22 Jun 2021
Silventa Ceramic Tiles Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Arvind Gaudana 09 Jun 2021 22 Jun 2021
Bansal Shipping Private Limited Liquidation Order Steel & Metals Ahmedabad Bhavi Shreyans Shah 08 Dec 2020 21 Jun 2021
Synergy Cosmetics (Exim) Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Dipti Atul Mehta 22 Mar 2021 15 Jun 2021
VRX Hospitality Services Private Limited Withdrawn u/s 12A Trading & Distribution Ahmedabad Anish Babubhai Shah 18 Jan 2021 08 Jun 2021
Pet Metal Pvt. Ltd. Liquidation Order Hospitality & Leisure Ahmedabad Gordhanbhai Ratnabhai Godhani 20 Aug 2020 07 Jun 2021
ALF Construction Private Limited Withdrawn u/s 12A Real Estate & Housing Ahmedabad Bhupendra Singh Narayan Singh Rajput 18 Nov 2019 01 Jun 2021
Maktel Power Limited Liquidation Order Machinery & Equipment Ahmedabad Dharit Kishorbhai Shah 11 Sep 2020 05 May 2021
Kankesh Exims Pvt. Limited Withdrawn u/s 12A Textiles & Apparel Ahmedabad Rajendra Jain 05 Apr 2021 27 Apr 2021
Productive Creations (India) Private Limited Withdrawn u/s 12A Other Services Ahmedabad Keyur Jagdishbhai Shah 02 Nov 2020 27 Apr 2021
Nutec Infotech Private Limited Withdrawn u/s 12A Other Services Ahmedabad Manish Santosh Buchasia 24 Mar 2021 26 Apr 2021
Sanghvi Forging & Engineering Limited Resolution Plan Approved Steel & Metals Ahmedabad Parthiv Parikh 30 Aug 2019 26 Apr 2021
DECO Mica Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Ashish Anantray Shah 22 Mar 2021 20 Apr 2021
Bitain Career Institute Private Limited Liquidation Order Other Services Ahmedabad Sachin Dinkar Bhattbhatt 13 Oct 2020 13 Apr 2021
Palav Synthetics Pvt. Ltd. Liquidation Order Textiles & Apparel Ahmedabad Kailash Shah 23 Jan 2020 13 Apr 2021
Shakti Refoils & Agro Foods Products Private Limited Liquidation Order Food & Agro Ahmedabad Ajay Ganesh Marathe 27 Jan 2020 13 Apr 2021
Electra Accumulators Limited Liquidation Order Machinery & Equipment Ahmedabad Nandish Sunilbhai Vin 16 Sep 2019 12 Apr 2021
Saffron Poly-Threads Private Limited Withdrawn u/s 12A Textiles & Apparel Ahmedabad Kaushik Jayantilal Shah 17 Mar 2021 07 Apr 2021
Avadh Fibers Private Limited Liquidation Order Food & Agro Ahmedabad Atul Mittal 04 Mar 2020 05 Apr 2021
Supreme (India) Impex Limited Liquidation Order Trading & Distribution Ahmedabad Vikas Prakash Gupta 04 Feb 2020 05 Apr 2021
Airlink Teleinfra LLP Withdrawn u/s 12A Other Services Ahmedabad Nandish Sunilbhai Vin 01 Mar 2021 31 Mar 2021
Essar Shipping Limited Withdrawn u/s 12A Logistics & Transport Ahmedabad Umesh Harjivandas Ved 02 Mar 2021 31 Mar 2021
Maruti Glaze Tiles Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Ravindra Kumar Goyal 09 Mar 2021 31 Mar 2021
Riddhi Siddhi Cotspin Private Limited Resolution Plan Approved Textiles & Apparel Ahmedabad Atul Mittal 01 Jan 2020 31 Mar 2021
Apple Tiles Private Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Bhavan Trivedi 01 Mar 2021 23 Mar 2021
Safal Securities Ltd. Liquidation Order Financial Services Ahmedabad Suhas Dinkar Bhattbhatt 29 Nov 2019 17 Mar 2021
Nigo Best Packs Pvt. Ltd. Liquidation Order Chemicals & Plastics Ahmedabad Bhavan Trivedi 08 Oct 2020 16 Mar 2021
Perfect Boring Private Limited Resolution Plan Approved Machinery & Equipment Ahmedabad Manish Kumar Bhagat 30 Sep 2019 16 Mar 2021
Varad Lifescience Pvt. Ltd. Liquidation Order Pharmaceuticals Ahmedabad Ravi Kapoor 08 Aug 2018 16 Mar 2021
Shirpur Power Private Limited Liquidation Order Power & Energy Ahmedabad Dushyant C Dave 04 Mar 2020 10 Mar 2021
Subhlaxmi Dyeing and Printing Mills Private Limited Liquidation Order Textiles & Apparel Ahmedabad Kailash Shah 14 Oct 2020 10 Mar 2021
Vaman Textiles Pvt. Ltd. Liquidation Order Textiles & Apparel Ahmedabad Ajit Gyanchand Jain 26 May 2020 10 Mar 2021
Vishvakarma Road Equipment Company Private Limited Withdrawn u/s 12A Machinery & Equipment Ahmedabad Indira Suresh Vora 27 Jan 2021 09 Mar 2021
Shreem Spa & Resorts Limited Liquidation Order Trading & Distribution Ahmedabad Ankit Gadia 23 Sep 2019 03 Mar 2021
Sonali Energees Pvt. Ltd. Liquidation Order Power & Energy Ahmedabad Omkarchand Rikhabdas Maloo 13 Jan 2020 03 Mar 2021
Mahi Corporation Private Limited Resolution Plan Approved Trading & Distribution Ahmedabad Vinod Tarachand Agrawal 21 Aug 2019 01 Mar 2021
MAPS Enzymes Limited Withdrawn u/s 12A Other Manufacturing Ahmedabad Sushil Vishwakant Tewary 29 Jan 2021 01 Mar 2021
Swiss Ribbons Private Limited Liquidation Order Textiles & Apparel Ahmedabad Nandish Sunilbhai Vin 16 Jul 2019 01 Mar 2021
Food Island Private Limited Withdrawn u/s 12A Food & Agro Ahmedabad Darshan Bharatbhai Patel 29 Jan 2021 24 Feb 2021
Viksun Steel & Alloy Private Ltd Withdrawn u/s 12A Other Manufacturing Ahmedabad Vinod Tarachand Agrawal 27 Jan 2021 22 Feb 2021
Sungracia Tiles Private Limited Resolution Plan Approved Cement, Glass & Ceramics Ahmedabad Sunit Jagdishchandra Shah 04 Dec 2019 18 Feb 2021
Drupa Suppliers Private Limited Liquidation Order Financial Services Ahmedabad Amrish Navinchandra Gandhi 08 Oct 2020 17 Feb 2021
Windsor Papers Private Limited Liquidation Order Pharmaceuticals Ahmedabad Amrish Navinchandra Gandhi 04 Sep 2020 16 Feb 2021
Jinaam's Dress Limited Withdrawn u/s 12A Textiles & Apparel Ahmedabad Kailash Shah 04 Sep 2020 12 Feb 2021
Mehta & Associates Fire Protection Systems Private Limited Liquidation Order Steel & Metals Ahmedabad Nimai Gautam Shah 16 Dec 2020 12 Feb 2021
S.K. Masala and Foods Limited Liquidation Order Food & Agro Ahmedabad Gordhanbhai Ratnabhai Godhani 17 Sep 2019 12 Feb 2021
Fairmate Chemicals Private Limited Withdrawn u/s 12A Financial Services Ahmedabad Nandish Sunilbhai Vin 15 Jan 2021 08 Feb 2021
Vansh Exports Private Limited Withdrawn u/s 12A Trading & Distribution Ahmedabad Nimai Gautam Shah 10 Nov 2020 08 Feb 2021
Pioneer Globex Private Limited Liquidation Order Trading & Distribution Ahmedabad Manish Kumar Bhagat 20 Jan 2020 05 Feb 2021
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Sourced exclusively from public record — IBBI publications and announcements, NCLT and NCLAT orders. Every figure stored verbatim; a blank means not yet filed, never zero. Data as of 2026-09-25. Read the methodology · Browse A–Z · by sector · by bench · bench duration intelligence.