Bonfiglioli Renewable Power Conversion 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 1.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.07 Cr |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 6.00 L |
| Surplus to members | Rs 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 register35 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. Here, Rs 1.00 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai, Division Bench - II
- Case number
- CP(IB) /80(CHE) /2023
- Order date
- 28 Jun 2023
Dissolved effective order date
What the bench said
the affairs of the company have been completely wound up and assets of the Applicant Company have been completely liquidated
Why the company wound up
In the order's own words
- What it was set up to do
- Development, Production and Distribution of frequency converters, power inverters, industrial engineering and planning in automation and control etc.
- What it was doing by the end
- manufacturing of Solar Inverter Panels (Photovoltaic) and electrical panel integration which constitutes the single business segment
The wind-down, stage by stage
4 dated stages
- 25 Oct 2021 Board resolution to wind up
- 22 Nov 2021 Liquidation commenced
- 28 Jun 2023 NCLT order
- 28 Jun 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 600044
- Incorporated
- 17 Sep 2013
- Authorised capital
- Rs 37.25 Cr
- Paid-up capital
- Rs 37.25 Cr
- CIN
- U29222TN2013FTC114201
- Registered office
- Plot No. AC 7-AC 11, SIDCO Industrial Estate, Thirumudivakkam,Chennai,Kancheepuram,Tamil Nadu,600044-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| BonfiglioliVectron GmbH, Germany | 99.99 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.07 Cr
- Liquidation cost
- Rs 4.99 L
Receipts
| Sale of Assets | Rs 0 |
|---|---|
| Refund from Statutory Authorities | Rs 72,010 |
| Cash / Bank balance | Rs 1.06 Cr |
| Realization of uncalled/unpaid capital Contribution | Rs 0 |
| Distribution of unsold asset | Rs 0 |
Litigation and delays
The frictions the order records
Why it took as long as it did
delay of more than one year in filing the present application
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.