Cummins Research and Technology 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 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 2.23 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 20.00 L |
| Surplus to members | Rs 2.03 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 registerabout the median
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 2.03 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Mumbai Bench, Court – II
- Case number
- C.P. (IB)-594(MB)2023
- Order date
- 13 Dec 2023
Dissolved
What the bench said
the affairs of the Corporate Person have been completely wound up and its assets are completely liquidated. We are also satisfied that the documents on record that the voluntary liquidation is not with an intent to defraud any person and the bank account for the purpose of the liquidation has been closed.
Why the company wound up
In the order's own words
The Corporate Person was not carrying out any business or generating any profits since FY 2015-16 and operations stood ceased from 01.04.2016.
- What it was doing by the end
- The Corporate Person was not carrying out any business or generating any profits since FY 2015-16.
The wind-down, stage by stage
8 dated stages
- 25 Mar 2022 Board resolution to wind up
- 1 Apr 2022 Liquidation commenced
- 5 Apr 2022 Public announcement
- 1 May 2022 Last date for creditors to claim
- 14 May 2022 Preliminary report
- 20 Apr 2023 Final report
- 13 Dec 2023 NCLT order
- 13 Dec 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
- Non-government company
- Listing
- Unlisted
- State
- Maharashtra
- ROC
- ROC Pune
- Industry
- Community, personal and Social Services
- PIN
- 411045
- Incorporated
- 11 Jun 2003
- Authorised capital
- Rs 2.50 Cr
- Paid-up capital
- Rs 22.92 L
- CIN
- U73100PN2003PTC018025
- Registered office
- Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi,Pune,Pune,Maharashtra,411045-India
Directors named in the order
Ajay Shriram Patil · Sanjit Kaur Batra · Pradheepram Ottikkutti
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Balance at bank 2,19,70,575.37, Non-current Asset (Income Tax Asset) 6,84,856.27
Litigation and delays
The frictions the order records
Litigation
no Application, Petition or Suit with respect to the present matter has been filed before any court of law or any other authority or any other board or any other bench and no such proceeding is pending before any forum
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.