Achievements

Under the Insolvency and Bankruptcy Code (IBC), 2016:

    Corporate Insolvency Resolution Process(es):
  • Achieved India’s first fully implemented resolution plan in the case of M/s Kalptaru Alloys Pvt. Ltd.
  • IPE appointed as the first Insolvency Resolution Professional (IRP) in India to carry out CIRP of Perfect Engine Component Pvt. Ltd., as per the order of Hon’ble NCLT, Mumbai Bench.
  • Successfully resolved 18+ cases (and counting), including full implementation of approved Resolution Plans.
  • Resolved other notable cases such as S R Foils and Tissue Ltd, GVK Gautami Power Ltd, Eastern Silk Industries Limited, Allied Strips Ltd, etc.

    Liquidation(s):
  • Executed the successful sale of assets within 6 months for Moser Baer India Limited, achieving a total realization of 380 Crores, including recoveries from Income Tax and domestic as well as international debtors.
  • Sold two corporate debtors as going concerns in liquidation: Maxx Mobile Communication Limited and Apex Buildsys Limited

Under SARFAESI ACT, 2002

  • Resolved a substantial portfolio of more than 50,000 Crores across 5,000 accounts, achieving a resolution success rate of nearly 90%.
  • Successfully resolved high-profile cases, including Kingfisher, Shaktibhog, Koutons, and Mahua, etc.