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Voluntary liquidation · IBC s.59

Atria Wind Power (An) Private Limited

CIN · U40108KA2018PTC115263 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

28 Nov 2024

View process timeline

What did the wind-down return?

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

Assets realised
Rs 1.02 Cr
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 1.00 Cr
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 1.0%Rs 1.00 L
Members · 98.0%Rs 1.00 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 assetsRs 1.02 Cr
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 1.00 L
Surplus to membersRs 1.00 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 dissolve717 days

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

Cost of the wind-down1.0% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 1.02 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 1.00 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
BENGALURU BENCH, BENGALURU
Case number
C.P. (IB)No.25/BB/2024
Order date
28 Nov 2024

Dissolution of Atria Wind Power (AN) Pvt. Ltd. from the date of this order

What the bench said

the affairs of the Corporate Person have been completely wound up and the assets of the Petitioner Company have been completely liquidated and as such the Petitioner Company deserves to be dissolved.

Statutory observations

The Income Tax Authorities did not object for the voluntary liquidation of the Company, and has also not intimated pendency of claims.

28 Nov 2024 · C.P. (IB)No.25/BB/2024 · 6 pages Read the order

Why the company wound up

In the order's own words

The company failed to commence any business activity from the date of incorporation as the Company does not have any effective future business plan.

What it was set up to do
To produce, generate, develop, accumulate, purchase, procure, process, transform, harness, convert, store, distribute, transmit, sell, supply, sub-contract and/or otherwise import, export or deal in any kind of power of electrical energy using wind energy sources, petroleum products or any other substances, solar energy, wave energy, tidal energy, hydro-energy, thermal energy, or any other form or energy
What it was doing by the end
The company failed to commence any business activity from the date of incorporation as the Company does not have any effective future business plan. The funds of the Company received as paid-up has been only invested either in liquid fund, fixed deposits or advances.

The wind-down, stage by stage

12 dated stages

717 days to dissolve
  1. 6 Dec 2022 Declaration of solvency
  2. 12 Dec 2022 Board resolution to wind up
  3. 12 Dec 2022 Liquidation commenced
  4. 15 Dec 2022 Public announcement
  5. 11 Jan 2023 Last date for creditors to claim
  6. 26 Jan 2023 Preliminary report
  7. 8 Aug 2023 Final report
  8. 8 Aug 2023 Final report filed with IBBI
  9. 11 Aug 2023 Final report filed with the ROC
  10. 1 Dec 2023 Dissolution application filed
  11. 28 Nov 2024 NCLT order
  12. 28 Nov 2024 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
560025
Incorporated
4 Aug 2018
Authorised capital
Rs 1.00 Cr
Paid-up capital
Rs 1.00 Cr
CIN
U40108KA2018PTC115263
Registered office
No. 11, 1st Floor Commissariat Road,BANGALORE,Bangalore,Karnataka,560025-India

Directors named in the order

Kaushik Sunder Raju · Bharathi Nagaraju

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 10,200
Total payments
Rs 10,200
Liquidator fee
Rs 50

Receipts

Loans & Advances RealisedRs 10,200

Payments

Bank charges paidRs 0
Liquidation RemunerationRs 50
Statutory Audit feeRs 24
Liquidation- Company secretarialRs 126
Equity ShareholdersRs 10,000

What the company held

Loans & Advances Realised

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

No claims were received from stakeholders. Outstanding tax demands were paid.

Creditor approval

The Liquidator did not receive any claim from any of the stakeholders of the Company.

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

Keep exploring.

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