Buffalogrid Project 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 6.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 11.00 L |
|---|---|
| Amount due to creditors | Rs 6.00 L |
| Amount paid to creditors | Rs 6.00 L |
| Liquidation expenses | Rs 5.00 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 register713 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
below 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
- IB/334/ND/2023
- Order date
- 26 Sep 2023
Dissolved effective order date
What the bench said
The Liquidator is found to have complied with the statutory provisions to complete the liquidation process by taking necessary steps.
Statutory observations
No adverse comments have been received from any statutory authority or from public at large against such dissolution.
Why the company wound up
In the order's own words
- What it was set up to do
- to construct, generate, produce, assemble, trade, market and modernize the solar power stations or equipments to generate and provide solar power services , especially to provide solar energy for mobile phone charging and internet services for increased connectivity in off grid locations in India or elsewhere in the world.
The wind-down, stage by stage
8 dated stages
- 3 Feb 2020 Board resolution to wind up
- 3 Feb 2020 Liquidation commenced
- 7 Feb 2020 Public announcement
- 4 Mar 2020 Last date for creditors to claim
- 9 Mar 2020 Preliminary report
- 11 May 2023 Final report
- 26 Sep 2023 NCLT order
- 26 Sep 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
- Delhi
- ROC
- ROC Delhi
- Industry
- Business Services
- PIN
- 110025
- Incorporated
- 20 Nov 2015
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74900DL2015FTC334020
- Registered office
- HOUSE NO. A-4, SECOND FLOOR, FLAT NO.4, OKHLA VIHAR, JAMIA NAGAR,,NEW DELHI,South Delhi,Delhi,110025-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Buffalogrid Limited | 99.9% |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
cash balances in the bank account to the tune of Rs. 2,38,198/- and pending GST refund from the GST department of Rs. 10,89,473/-.
Creditors and claims
As the order records them
The only claim received was from Buffalogrid Limited, a UK based company which held 99.9% shareholding in the Corporate Person.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.