Voluntary liquidation · IBC s.59

Aerosite Energy Private Limited

CIN · U40102KA2013PTC087142 Company Karnataka MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

31 Oct 2023

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 3.21 Cr

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 3.20 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 0.3%Rs 1.00 L

Members · 99.7%Rs 3.20 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 3.21 Cr
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 1.00 L
Surplus to members	Rs 3.20 Cr

"Not reported" means no figure is available. A reported zero is shown as zero. Registry capital further down the page is separate from liquidation proceeds, and so are any figures read from the NCLT order.

Where this wind-down sits

against every completed s.59 on the register

Time to dissolve435 days

183 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down0.3% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 3.21 Cr

above the median realisation of Rs 66.00 L

Reading this record

This is a voluntary liquidation under IBC Section 59 — a solvent company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut and no acquirer. Read assets realised, creditor payments, expenses and members' surplus separately. Here, Rs 3.20 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: SPECIAL BENCH, BENGALURU
Case number: C.P.(IB)No.26/BB/2023
Order date: 31 Oct 2023

Dissolved effective order date

What the bench said

Therefore, the affairs of the Corporate Person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated. Thus, the compliances of Section 59 and other relevant provisions of the IBC, 2016 r/w. Regulation 37(2) of IBBI (Voluntary Liquidation Process) Regulations, 2017 from the date of commencement of the liquidation proceedings is completed.

Statutory observations

The ROC, Karnataka has filed its report vide Diary No.2287 dated 25.04.2023; and also IBBI has filed its report vide Diary No.2265 dated 24.04.2023.

31 Oct 2023 · C.P.(IB)No.26/BB/2023 · 6 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do: involved in the business of electricity/power; to receive, purchase, establish, operate, maintain, develop, use, sell, supply, distribute and accumulate electricity at Power station; Solar Power Stations or at any other place

The wind-down, stage by stage

11 dated stages

435 days to dissolve

12 Aug 2022 Board resolution to wind up
18 Aug 2022 Declaration of solvency
22 Aug 2022 Liquidation commenced
23 Aug 2022 Public announcement
21 Sep 2022 Last date for creditors to claim
5 Nov 2022 Final report
11 Nov 2022 Final report filed with the ROC
11 Nov 2022 Final report filed with IBBI
18 Nov 2022 Dissolution application filed
31 Oct 2023 NCLT order
31 Oct 2023 Dissolved

Green marks a date from the IBBI register; blue marks a date read from an NCLT order.

The company behind the record

Identity, registration and capital

MCA status: Dissolved under section 59(8)
Company class: Private
Category: Company limited by shares
Sub-category: Non-government company
Listing: Unlisted
State: Karnataka
ROC: ROC Bangalore
Industry: Electricity, Gas and Water companies
PIN: 560008
Incorporated: 12 Dec 2013
Authorised capital: Rs 22.01 Cr
Paid-up capital: Rs 21.68 Cr
CIN: U40102KA2013PTC087142
Registered office: Tower A, 3rd Floor, The Millenia No. 1 & 2 Murphy Road, Ulsoor,Bangalore,Bangalore,Karnataka,560008-India

Shareholding as the order states it

Member	Shares	%
Acciona Energia Global S.L.U.
Acciona Generacion Renovable, S.A.

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

Total receipts: Rs 3.21 Cr
Total payments: Rs 3.21 Cr
Liquidator fee: Rs 1.19 L

Receipts

Bank Balance Realised 28 Sep 2022	Rs 3.21 Cr

Payments

Fee towards liquidation accounts audit certificate	Rs 2,000
Liquidator fee paid (after deducting TDS)	Rs 1.19 L
TDS deducted and paid on Liquidator fee	Rs 11,000
HSBc Bank charges	Rs 11,801
Payment to Acciona Energia Global S.L.U., Spain	Rs 3.20 Cr
Payment to Acciona Generacion Renovable, S.A. Spain	Rs 2

Distributed to members · 25 Oct 2022

Acciona Energia Global S.L.U., Spain	Rs 3.20 Cr
Acciona Generacion Renovable, S.A. Spain	Rs 2

Section 53 of the IBC, 2016

What the company held

Bank Balance Realised

Unclaimed proceeds

there were no unclaimed dividends and undistributed proceeds in the liquidation process

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.