Liquidation — order passed
11 of 1 closed — by dissolution, going-concern sale or compromise.
Liquidation mandates1on this professional's record
Closed10 still in process
Distributed vs liquidation value82.9%across 1 case with both figures · whole record 81.1%
Order to closure27 moaverage over 1 completed case
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
| Shree Hanuman Texfab Private Limited |
IRP · Feb 2020
|
🔒 | 🔒 | 🔒 | 18 mo
to Aug 2021
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last 90 days — the full financial record is member data.
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 dissolution1y 7mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read3 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 |
|---|---|---|---|---|---|
Orbit Fabrics Private Limited
7 dated steps in the orderAhmedabad, Division Bench, Court - 1
|
Voluntary Liquidator · Dec 2022 |
🔒 | 🔒 | 🔒 | 12 mo to Dec 2023 |
Fine Ceracote Surfaces Private Limited
6 dated steps in the orderAhmedabad Division Bench Court - 1
Delay recorded in the order“Liquidation was estimated to be over by 01.03.2022 but petition filed on 30.12.2022, requiring extension of liquidation period via EGM resolution on 12.09.2023.” |
Voluntary Liquidator · Mar 2021 |
🔒 | 🔒 | 🔒 | 2y 7mo to Oct 2023 |
| Ohm Highline Private Limited |
Voluntary Liquidator · Jul 2020 |
🔒 | 🔒 | 🔒 | 8 mo to Mar 2021 |
| Krishna Projects Private Limited |
Voluntary Liquidator · May 2025 |
🔒 | 🔒 | 🔒 | in process |
| Panchamsur Enterprise Private Limited |
Voluntary Liquidator · Oct 2020 |
🔒 | 🔒 | 🔒 | 1y 7mo to Jun 2022 |
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 Liquidator8
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
Mumbai1 mandate
Bench median 18 months to outcome · 34% resolved (1,268 concluded cases)
Devesh runs a median 18 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 18 months, weighted by how many of Devesh's cases each one holds —
so Devesh is moving at the pace of those benches, within a month either way.
Sector exposure
Textiles & Apparel1
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