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Home / RP Tracker / Balakrishnan Venkatachalam

Balakrishnan Venkatachalam UNCLAIMED PROFILE

Insolvency Professional · Bengaluru, Karnataka · Active since 2018
Bench Bengaluru · South·IBBI/IPA-001/IP-P00229/2017-18/10458·IPA ICAI IIIPI·CPE 175 credits
Sectors: Electricity · Construction · Real Estate · Others (Ship Repair & Manufacturing, Information Technology)
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Viewed 8× in 90 days — a public page, built from the IBBI record
Career composition · 7 companies, incl. 2 withdrawn and 1 voluntary
2
1
1
2
1
Resolved 2 Liquidation 1 Under CIRP 1 Withdrawn / settled 2 Voluntary liquidation 1
Companies by year of first appointment
2
3
2
'18'19'20'21'22'23'24'25'26
Mandates
4companies
3 with financials
Resolved
2cases
67% of 3 CIRPs led
Recovery vs LV
84.5%
1 of 2 beat LV
CIRP time
21months
national median 16 mo
Liquidation
1company
0 closed · 1 in process
Voluntary liq.
1company
none dissolved yet
Resolved: ₹1,155 Cr admitted claims · ₹376 Cr realisable under the approved plans (32.5%) · 2 companies with both figures
Last appointed Mar 2024.

1 more company on this profile open with a plan. See plans →

Right now — live mandates

1
Against the statutory clock: 180 / 270 / 330 days from commencement.
1past 330d
Longest-running live mandate: Sovereign Developers and Infrastructure Limited at 2,655 days from commencement.
Corporate DebtorRole / AppointedStatutory clockStage
Sovereign Developers and Infrastructure Limited
Construction & Infrastructure
RP · Sep 2019
2,655d past 330d limit Under CIRP

Resolved — plan approved

2
Acquirer shown where the approved plan names one. Figures shown for outcomes in the last 90 days — the full financial record is member data.
Corporate DebtorRole / AppointedAdmittedRealisable (plan)Rec vs LVDuration
ABT (Madras) Private Limited
→ acquired by Consortium of Baashyaam Infrastructure Private Limited (Lead Member), Mr. Abinesh Yuvarajan and Mr. R. Yuvaraajan
IRP · Dec 2019
RP · Feb 2020
🔒 🔒 🔒 1y 8mo
to Sep 2021
Tebma Shipyard Limited
→ acquired by Cochin Shipyard Limited
RP · Dec 2018
🔒 🔒 🔒 17 mo
to Mar 2020

Liquidation — order passed

1
Liquidation mandates1on this professional's record
Closed01 still in process
Corporate DebtorRole / AppointedAdmittedDistributedRec vs ClaimsDuration
G.E.T Power
RP · Oct 2019
Liquidator · Mar 2024
🔒 🔒 🔒 6y
to Mar 2024
Duration = CIRP commencement to liquidation order. Figures shown for orders in the last 90 days — the full financial record is member data.

Withdrawn / settled

2
Settled between debtor and creditors before an outcome — counted separately.
Corporate DebtorRole / AppointedTime in Process
Gulam Mustafa Enterprises Private Limited
Real Estate & Housing
IRP · Feb 2024
11 mo
to Jan 2025
Allam Infinite India Private Limited
Real Estate & Housing
IRP · Mar 2024
9 mo
to Dec 2024
Source: IBBI register and published data. How we source and correct →
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Role mix
IRP — interim3
Resolution Professional4
Liquidator1
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
Chennai3 mandates
Bench median 13 months to outcome · 20% resolved (505 concluded cases)
Bengaluru3 mandates
Bench median 12 months to outcome · 26% resolved (179 concluded cases)
Balakrishnan runs a median 21 months to outcome across 3 concluded mandates. The benches those mandates sit in run at 13 months, weighted by how many of Balakrishnan's cases each one holds — so Balakrishnan is taking 254 days longer than those benches.
Sector exposure
Machinery & Equipment2
Real Estate & Housing2
Construction & Infrastructure1
Trading & Distribution1
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