BTL Builders 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 5.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 73.00 L |
|---|---|
| Amount due to creditors | Rs 5.00 L |
| Amount paid to creditors | Rs 5.00 L |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 67.00 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 register81 days slower 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 67.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- CHANDIGARH BENCH, CHANDIGARH
- Case number
- CP (IB) No.224/Chd/Pb/2022
- Order date
- 27 Feb 2023
Corporate Person shall stand dissolved with effect from the date of this order
What the bench said
The Liquidator is found to have complied with the statutory provision to complete the liquidation process by taking necessary steps
Statutory observations
no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company
Why the company wound up
In the order's own words
- What it was set up to do
- carry on the business of real estate, construction of residential houses/flats/apartments and commercial buildings, and builders and developers of land. constructors, colonizers, and civil contractors and undertake any residential, commercial or industrial construction
The wind-down, stage by stage
8 dated stages
- 5 Mar 2021 Declaration of solvency
- 30 Mar 2021 Liquidation commenced
- 2 Apr 2021 Public announcement
- 2 May 2021 Last date for creditors to claim
- 13 May 2021 Preliminary report
- 28 Mar 2022 Final report
- 27 Feb 2023 NCLT order
- 27 Feb 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
- Active
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Punjab
- ROC
- ROC Chandigarh
- Industry
- Construction
- PIN
- 143521
- Incorporated
- 13 Dec 2006
- Authorised capital
- Rs 24.00 L
- Paid-up capital
- Rs 22.08 L
- CIN
- U45200PB2006PTC030750
- Registered office
- JALANDHAR ROAD OPP. JOHAL HOSPITAL,BATALA,Punjab,143521-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Bank Balance Liquid Assets only
Creditors and claims
As the order records them
claims were received from the stakeholders and the operational creditors, and the same has been settled.
Litigation and delays
The frictions the order records
Litigation
no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.