Voluntary liquidations
6Solvent 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 dissolution15 mo
across 1 completed · every VL on record runs 1y 8mo
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| LSAG India LLP AAQ5026
|
Voluntary Liquidator · Jun 2024 |
🔒 | 🔒 | 🔒 | in process |
| Platinum Finwealth Private Limited |
Voluntary Liquidator · Aug 2025 |
🔒 | 🔒 | 🔒 | in process |
| ICL Systems India Private Limited |
Voluntary Liquidator · Apr 2025 |
🔒 | 🔒 | 🔒 | in process |
| Mercury Capital Advisors India Private Limited |
Voluntary Liquidator · Dec 2024 |
🔒 | 🔒 | 🔒 | in process |
| Vastu Developers Private Limited |
Voluntary Liquidator · Jul 2024 |
🔒 | 🔒 | 🔒 | 15 mo to Oct 2025 |
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 — interim1
Voluntary Liquidator6
Of these, 1 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 Delhi1 mandate
Bench median 17 months to outcome · 35% resolved (788 concluded cases)
Sector exposure
Other Services1
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