Liquidation — order passed
72 of 7 closed — by dissolution, going-concern sale or compromise.
Liquidation mandates7on this professional's record
Closed25 still in process
Distributed vs liquidation value138.1%across 3 cases with both figures · whole record 81.1%
Order to closure43 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
| General Composites Private Limited |
Liquidator · Mar 2024
|
🔒 | 🔒 | 🔒 | 4y 6mo
to Mar 2024
|
| Kieon Developers Private Limited |
RP · May 2022
Liquidator · Dec 2022
|
🔒 | 🔒 | 🔒 | 3y 1mo
to Dec 2022
|
| Kanoovi Foods Private Limited |
RP · Nov 2019
Liquidator · Jan 2021
|
🔒 | 🔒 | 🔒 | 18 mo
to Jan 2021
|
| Nicomet Industries Limited |
IRP · Dec 2018
RP · May 2019
|
🔒 | 🔒 | 🔒 | 2y
to Dec 2020
|
| Prothom Industries India Private Limited |
RP · May 2019
Liquidator · Nov 2020
|
🔒 | 🔒 | 🔒 | 1y 8mo
to Nov 2020
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last 90 days — the full financial record is member data.
Source: IBBI register and published data. How we source and correct →
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Role mix
IRP — interim6
Resolution Professional6
Liquidator5
Voluntary Liquidator2
Of these, 6 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
Mumbai10 mandates
Bench median 18 months to outcome · 34% resolved (1,273 concluded cases)
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (451 concluded cases)
Devang runs a median 19 months to outcome across 6 concluded mandates.
The benches those mandates sit in run at 18 months, weighted by how many of Devang's cases each one holds —
so Devang is taking 35 days longer than those benches.
Sector exposure
Other Services3
Other Manufacturing2
Machinery & Equipment2
Food & Agro1
Construction & Infrastructure1
Real Estate & Housing1
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