Resolved — plan approved
1Acquirer shown where the approved plan names one. Figures shown for outcomes in the last 90 days — the full financial record is member data.
| Corporate Debtor | Role / Appointed | Admitted | Realisable (plan) | Rec vs LV | Duration |
|---|---|---|---|---|---|
|
Sinnar Thermal Power Limited
→ acquired by Consortium of Maharashtra State Power Generation Company Limited and NTPC Ltd.
|
IRP · Sep 2022
|
🔒 | 🔒 | 🔒 | 3y 2mo
to Nov 2025
|
Withdrawn / settled
2Settled between debtor and creditors before an outcome — counted separately.
| Corporate Debtor | Role / Appointed | Time in Process |
|---|---|---|
|
Aquashield Chemtech Private Limited
Other Manufacturing |
IRP · Oct 2019
|
3 mo
to Dec 2019
|
|
Lifetime Infotech Private Limited
Other Services |
IRP · Sep 2019
|
21d
to Oct 2019
|
Voluntary liquidations
8Solvent 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 dissolution12 mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 8
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 |
|---|---|---|---|---|---|
| Ibahn Illumination Private Limited |
Voluntary Liquidator · Apr 2023 |
🔒 | 🔒 | 🔒 | 2y 5mo to Sep 2025 |
| Agilion Energy Private Limited |
Voluntary Liquidator · Oct 2023 |
🔒 | 🔒 | 🔒 | in process |
| AES India Energy Solutions Private Limited |
Voluntary Liquidator · Dec 2024 |
🔒 | 🔒 | 🔒 | in process |
Realised, paid and surplus figures are member data. 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 Jan 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.
Source: IBBI register and published data. How we source and correct →
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Role mix
IRP — interim3
Voluntary Liquidator8
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 — mandates vs the forum's tempo
New Delhi3 mandates
Bench median 17 months to outcome · 35% resolved (788 concluded cases)
Adarsh runs a median 38 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 17 months, weighted by how many of Adarsh's cases each one holds —
so Adarsh is taking 644 days longer than those benches.
Sector exposure
Other Manufacturing1
Power & Energy1
Other Services1
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