Resolved — plan approved
4Acquirer 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 |
|---|---|---|---|---|---|
|
Zicom Electronic Security Systems Limited
→ acquired by Advaita Trading Private Limited
|
RP · Sep 2025
|
— | ₹17 Cr | 115.0% | 4y 1mo
to Sep 2026
|
|
Madhu Aluminium Private Limited
→ acquired by Impact Multitrade LLP
|
IRP · Nov 2023
RP · Dec 2023
|
🔒 | 🔒 | 🔒 | 10 mo
to Sep 2024
|
Source: IBBI register and published data. How we source and correct →
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Role mix
IRP — interim9
Resolution Professional9
Liquidator4
Voluntary Liquidator3
Of these, 9 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
Ahmedabad7 mandates
Bench median 15 months to outcome · 32% resolved (451 concluded cases)
Indore3 mandates
Bench median 15 months to outcome · 49% resolved (35 concluded cases)
Mumbai2 mandates
Bench median 18 months to outcome · 34% resolved (1,268 concluded cases)
Allahabad1 mandate
Bench median 21 months to outcome · 44% resolved (101 concluded cases)
Chirag runs a median 22 months to outcome across 6 concluded mandates.
The benches those mandates sit in run at 16 months, weighted by how many of Chirag's cases each one holds —
so Chirag is taking 190 days longer than those benches.
Sector exposure
Food & Agro5
Textiles & Apparel1
Other Manufacturing1
Electronics & Electricals1
Chemicals & Plastics1
Steel & Metals1
Power & Energy1
Other Services1
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