Baosteel Engineering India Private Limited
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials Rs crore, shown in lakh below Rs 1 crore
Where the money went
Share of realisationAmount due to creditors: Rs 4.95 Cr. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 5.17 Cr |
|---|---|
| Amount due to creditors | Rs 4.95 Cr |
| Amount paid to creditors | Rs 4.95 Cr |
| Liquidation expenses | Rs 22.00 L |
| Surplus to members | Rs 0 |
"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 register430 days faster than the median of 618 days across 1,597 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
above the median realisation of Rs 66.00 L
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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI BENCH COURT – IV
- Case number
- C.P.(IB)/270/ND/2023
- Order date
- 21 Feb 2025
Dissolved effective order date
What the bench said
The affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated and no liabilities have been left unsatisfied
Statutory observations
RoC filed its report stating no inquiry/inspection/complaint/legal action has been proceeded/pending against the Applicant Company
Why the company wound up
In the order's own words
increase cost of the raw material and global inflation in the steel sector and hence the management had decided to not carry out any business activities
- What it was doing by the end
- carrying on the business in accordance with the main objects of the Company, however the business operations was not significant as of now, therefore the Company had no choice but to suspend its business
The wind-down, stage by stage
11 dated stages
- 20 Jul 2022 Declaration of solvency
- 17 Aug 2022 Board resolution to wind up
- 20 Aug 2022 Public announcement
- 19 Sep 2022 Last date for creditors to claim
- 1 Oct 2022 Preliminary report
- 4 Apr 2023 Final report
- 4 Apr 2023 Final report filed with IBBI
- 2 Aug 2023 Final report filed with the ROC
- 17 Aug 2024 Liquidation commenced
- 21 Feb 2025 NCLT order
- 21 Feb 2025 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Business Services
- PIN
- 110052
- Incorporated
- 15 Apr 2013
- Authorised capital
- Rs 5.34 Cr
- Paid-up capital
- Rs 5.34 Cr
- CIN
- U74900DL2013FTC250738
- Registered office
- 256, Vardhman City Center-2, Near Shakti Nagar Under Bridge,,Delhi,North Delhi,Delhi,110052-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Investments in the form of Fixed Deposits, current assets, sundry debtors and balance lying with the revenue authorities
Litigation and delays
The frictions the order records
Litigation
no inquiry /inspection/complaint/legal action has been proceeded/pending against the Applicant Company
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.