Resolved — plan approved
1Acquirer 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 |
|---|---|---|---|---|---|
|
Kanel Industries Limited
→ acquired by Ardent Ventures LLP
|
IRP · Dec 2021
RP · Jan 2022
|
🔒 | 🔒 | 🔒 | 2y 10mo
to Oct 2024
|
Voluntary liquidations
5Solvent 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 1mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 5
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 |
|---|---|---|---|---|---|
Naisargik Agritech (India) Limited
5 dated steps in the orderAHMEDABAD (COURT NO. II)
|
Voluntary Liquidator · Sep 2020 |
🔒 | 🔒 | 🔒 | 2y 9mo to Jul 2023 |
| Reine Chemicals Private Limited |
Voluntary Liquidator · Jan 2021 |
🔒 | 🔒 | 🔒 | 1y 6mo to Jul 2022 |
| D.P. Polyplast Industries Private Limited |
Voluntary Liquidator · Jun 2022 |
🔒 | 🔒 | 🔒 | 3y to Jun 2025 |
| Mahashakti Polycoat Private Limited |
Voluntary Liquidator · Nov 2023 |
🔒 | 🔒 | 🔒 | 2y 1mo to Dec 2025 |
| Mascot Cement (India) Private Limited |
Voluntary Liquidator · Dec 2023 |
🔒 | 🔒 | 🔒 | 1y 11mo to Dec 2025 |
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
Resolution Professional1
Voluntary Liquidator5
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
Ahmedabad1 mandate
Bench median 15 months to outcome · 32% resolved (451 concluded cases)
Prashant runs a median 35 months to outcome across 1 concluded mandate.
The benches those mandates sit in run at 15 months, weighted by how many of Prashant's cases each one holds —
so Prashant is taking 590 days longer than those benches.
Sector exposure
Food & Agro1
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