Capital Safety Products 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 11.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 11.00 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 register75 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.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH -II, CHENNAI
- Case number
- CP(IB)/208(CHE)/2021
- Order date
- 11 Feb 2022
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved
Why the company wound up
In the order's own words
- What it was set up to do
- to carry on business as manufacturers, processors, moulders, importers, exporters, distributors, agents or act as dealers in plastic moulded goods, helmets, industrial and personal safety appliances and equipment, lifesaving equipment of all types including electronic gadgets, gas detectors, hazard warning systems, batteries of all types and other items related to safety
The wind-down, stage by stage
6 dated stages
- 20 Mar 2020 Liquidation commenced
- 25 Mar 2020 Public announcement
- 17 Apr 2020 Preliminary report
- 4 Mar 2021 Final report
- 11 Feb 2022 NCLT order
- 11 Feb 2022 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 (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600035
- Incorporated
- 31 May 2010
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 10.00 L
- CIN
- U74900TN2010PTC075908
- Registered office
- 636/1, Seshachalam Centre, 11th Floor, Anna Salai Nandanam,Chennai,Chennai,Tamil Nadu,600035-India
Directors named in the order
Santhosh Kunhiraman · Venkatesan Vijayakrishnan
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| S.Ramachandran | 1000 | |
| Santhosh Kunhiraman | 9000 | |
| Capital Safety Group (Asia) Pte Ltd. | 90000 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| S.Ramachandran | Rs 246 |
|---|---|
| Santhosh Kunhiraman | Rs 2,216 |
| Capital Safety Group (Asia) Pte Ltd. | Rs 22,163 |
as per the waterfall mechanism prescribed under Section 53 of IBC, 2016
Creditors and claims
As the order records them
till the date of filing of this application, no claims were received from workers, creditors or any other third parties
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.