Voluntary liquidations
3Solvent 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 4mo
across 1 completed · every VL on record runs 1y 8mo
Dissolution orders read1 of 3
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 |
|---|---|---|---|---|---|
| HM Digital India Private Limited |
Voluntary Liquidator · Jan 2026 |
🔒 | 🔒 | 🔒 | in process |
ECL Engineering Services India Private Limited
4 dated steps in the orderDIVISION BENCH - II, CHENNAI
|
Voluntary Liquidator · Feb 2021 |
🔒 | 🔒 | 🔒 | 2y 4mo to Jul 2023 |
| Adani Gems Education India Private Limited |
Voluntary Liquidator · Jul 2026 |
🔒 | 🔒 | 🔒 | in process |
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 Liquidator3
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
Chandigarh1 mandate
Bench median 20 months to outcome · 37% resolved (212 concluded cases)
Sector exposure
Construction & Infrastructure1
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