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Voluntary liquidation · IBC s.59

Bnk Holdings Private Limited

CIN · U67120DL1997PTC089816 Company Delhi 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

22 Oct 2024

View process timeline

What did the wind-down return?

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

Assets realised
Rs 72.00 L
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 70.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 2.8%Rs 2.00 L
Members · 97.2%Rs 70.00 L

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 72.00 L
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 2.00 L
Surplus to membersRs 70.00 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 dissolve855 days

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

Cost of the wind-down2.8% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 72.00 L

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 70.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
NEW DELHI BENCH COURT – V
Case number
RESTORED C.P.(IB)/05/ND/2023
Order date
22 Oct 2024

Company shall stand dissolved with effect from the date of pronouncement of this order.

What the bench said

It appears that 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 has filed its report dated 20.05.2024 before this Adjudicating Authority, whereby it is stated that as per records, no inquiry/ inspection /complaint/legal action has been pending against the subject Company.

22 Oct 2024 · RESTORED C.P.(IB)/05/ND/2023 · 8 pages Read the order

Why the company wound up

In the order's own words

suspended its operations since long time as no business prospectus could be foreseen

What it was set up to do
trading and carrying on the business as brokers, factors, agents, sub -brokers, underwriters, sub -underwriters, jobbers, traders, advisors, consultants and merchant bankers in shares, stocks, debentures, bonds, convertible debentures, options, futures, negotiable instruments, commercial papers, fixed depo sits, inter corporate deposits, units, obligations, etc. in India and outside India.
What it was doing by the end
suspended its operations since long time as no business prospectus could be foreseen

The wind-down, stage by stage

11 dated stages

855 days to dissolve
  1. 14 Jun 2022 Board resolution to wind up
  2. 14 Jun 2022 Declaration of solvency
  3. 20 Jun 2022 Liquidation commenced
  4. 21 Jun 2022 Public announcement
  5. 19 Jul 2022 Last date for creditors to claim
  6. 2 Aug 2022 Preliminary report
  7. 17 Sep 2022 Final report
  8. 18 Sep 2022 Final report filed with the ROC
  9. 18 Sep 2022 Final report filed with IBBI
  10. 22 Oct 2024 NCLT order
  11. 22 Oct 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
Delhi
ROC
ROC Delhi
Industry
Finance
PIN
110029
Incorporated
23 Sep 1997
Authorised capital
Rs 60.00 L
Paid-up capital
Rs 43.09 L
CIN
U67120DL1997PTC089816
Registered office
B-3/72 SAFDARJANG ENCLV,NEW DELHI,Delhi,110029-India

Directors named in the order

Biju John · Ajay Khera · Veena Khera

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

Creditors and claims

As the order records them

no claim from any stakeholder had been received in response to the above public announcement.

Creditor approval

no claim from any stakeholder had been received in response to the above public announcement.

Litigation and delays

The frictions the order records

Litigation

no enquiry, inspection, litigation is pending against the company

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

Keep exploring.

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