Liquidation — order passed
32 of 3 closed — by dissolution, going-concern sale or compromise.
Liquidation mandates3on this professional's record
Closed21 still in process
Distributed vs liquidation value172.6%across 1 case with both figures · whole record 81.1%
Order to closure16 moaverage over 2 completed cases
| Corporate Debtor | Role / Appointed | Admitted | Distributed | Rec vs Claims | Duration |
|---|---|---|---|---|---|
| Balaji Fiber Reinforce Pvt Ltd |
IRP · May 2022
|
🔒 | 🔒 | 🔒 | 1y 9mo
to Feb 2024
|
| Supernova Technologies Private Limited |
IRP · Jan 2023
|
🔒 | 🔒 | 🔒 | 8 mo
to Sep 2023
|
| Artedz Fabs Limited |
IRP · Feb 2021
RP · Aug 2021
|
🔒 | 🔒 | 🔒 | 1y 7mo
to Oct 2022
|
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last 90 days — the full financial record is member data.
Voluntary liquidations
1Solvent 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 dissolution2y 11mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 1
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 |
|---|---|---|---|---|---|
XTX Securities Private Limited
7 dated steps in the orderMumbai Bench, Court-II
|
Voluntary Liquidator · Oct 2021 |
🔒 | 🔒 | 🔒 | 2y 11mo to Oct 2024 |
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
Resolution Professional1
Voluntary Liquidator1
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
Mumbai2 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)
Jignesh runs a median 20 months to outcome across 3 concluded mandates.
The benches those mandates sit in run at 17 months, weighted by how many of Jignesh's cases each one holds —
so Jignesh is taking 73 days longer than those benches.
Sector exposure
Textiles & Apparel1
Other Manufacturing1
Other Services1
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