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RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Voluntary liquidation · IBC s.59

Allenwest Ampcontrol India Private Limited

CIN · U40300MH2016PTC293349 Company Maharashtra 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

5 Dec 2023

View process timeline

What did the wind-down return?

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

Assets realised
Rs 20.00 L
Value realised from assets
Paid to creditors
Rs 6.00 L
100.0% of reported dues
Surplus to members
Rs 2.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 30.0%Rs 6.00 L
Expenses · 60.0%Rs 12.00 L
Members · 10.0%Rs 2.00 L

Amount due to creditors: Rs 6.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 20.00 L
Amount due to creditorsRs 6.00 L
Amount paid to creditorsRs 6.00 L
Liquidation expensesRs 12.00 L
Surplus to membersRs 2.00 L

"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 dissolve795 days

177 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down60.0% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 20.00 L

below 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 2.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
MUMBAI BENCH-I
Case number
CP (IB) No.516/MB-I/2023
Order date
5 Dec 2023

Dissolved effective order date

What the bench said

On examining the submission made by the counsel appearing for the petitioner and the documents annexed to the petition it appears that the affairs of the company have been completely wound up, and its assets have been completely liquidated.

5 Dec 2023 · CP (IB) No.516/MB-I/2023 · 5 pages Read the order

Why the company wound up

In the order's own words

What it was doing by the end
The Company is not carrying any business and not earning any profits.

The wind-down, stage by stage

8 dated stages

795 days to dissolve
  1. 1 Oct 2021 Board resolution to wind up
  2. 1 Oct 2021 Declaration of solvency
  3. 1 Oct 2021 Liquidation commenced
  4. 5 Oct 2021 Public announcement
  5. 12 Nov 2021 Preliminary report
  6. 2 Nov 2022 Final report
  7. 5 Dec 2023 NCLT order
  8. 5 Dec 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
Maharashtra
ROC
ROC Mumbai
Industry
Electricity, Gas and Water companies
PIN
410206
Incorporated
5 Feb 2016
Authorised capital
Rs 10.10 Cr
Paid-up capital
Rs 6.39 Cr
CIN
U40300MH2016PTC293349
Registered office
Flat no. A/201, Plot no. 150, Sector 23, Ulwe,Navi Mumbai,Raigarh,Maharashtra,410206-India

Directors named in the order

Samrish Bhanja · Nikolai Sean Wyman

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

What the company held

The company does not have any liabilities and Creditors nor there are any realizable assets.

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.

Creditors and claims

As the order records them

The Liquidator received claims from the operational creditor viz. B. Samrish & Co., Company Secretaries, on 30.10.2021 under the advertisement published in the newspaper, which was verified and accepted by the Liquidator on 30.11.2021. The same was paid on 20.06.2022.

Creditor approval

The Petitioner has also submitted consent of the creditors regarding the commencement of liquidation

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

See other companies in the voluntary liquidation register.

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