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Home / RP Tracker / Parveen Kumar Garg

Parveen Kumar Garg UNCLAIMED PROFILE

Insolvency Professional · New Delhi, Delhi · Active since 2019
IBBI/IPA-002/IP-N00469/2017-2018/11327·IPA ICSI IIP·CPE 86 credits
Sectors: Machinery & Equipment
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Career composition · 2 companies, incl. 1 voluntary
1
1
Handed over 1 Voluntary liquidation 1
Companies by year of first appointment
2
'19'20'21'22'23'24'25'26
Mandates
1company
on our record
Voluntary liq.
1company
median 3y 9mo · all VLs 1y 8mo
Last appointed Sep 2019.

Handed over

1
Running cases where IBBI's record shows another professional appointed after this professional. The case continues under the later appointee.
Corporate DebtorRole / Appointed
Durable Facade Services Private Limited
Machinery & Equipment
IRP · Jul 2019

Voluntary liquidations

1
Solvent 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 dissolution3y 9mo 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 DebtorAppointedRealisedPaid to CreditorsSurplusCommenced → dissolved
Oil India International Limited
7 dated steps in the order
New Delhi Bench Court - IV
  1. Members' resolution30 Sep 2019
  2. Commencement30 Sep 2019
  3. Public announcement5 Oct 2019
  4. Claims deadline29 Oct 2019
  5. Preliminary report13 Nov 2019
  6. Final report3 Nov 2022
  7. Dissolution order31 Jul 2023

Delay recorded in the order“due to delay in receipt in income tax refunds amounting to ₹25,02,710/- for the Assessment Year 2020-21, (received on 30.06.2021) and ₹63,130/- for the Assessment Year 2021-2022, (received on 13.09.2022)”

Voluntary Liquidator · Sep 2019
🔒 🔒 🔒 3y 9mo
to Jul 2023
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 Liquidator1
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
Machinery & Equipment1
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