Eight Constructions 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 4.38 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 4.37 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 register366 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 4.37 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH – II, CHENNAI
- Case number
- CP (IBC) / 182 (CHE) 2023
- Order date
- 7 Mar 2024
Dissolved effective order date
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
- The main object of the Company is to layout, develop, build, construct, erect, re-erect, demolish, alter, repair, remodel, maintain, manage or do any other work, in connection with buildings, godowns, market, township, shopping complexes, restaurant, hotel, theatres, dwelling houses, apartments or other accommodations, structural or architectural work of any kind
- What it was doing by the end
- No significant business operations since 31.03.2020
The wind-down, stage by stage
8 dated stages
- 17 Jun 2023 Board resolution to wind up
- 29 Jun 2023 Liquidation commenced
- 11 Aug 2023 Preliminary report
- 14 Oct 2023 Final report
- 16 Oct 2023 Final report filed with IBBI
- 20 Oct 2023 Final report filed with the ROC
- 7 Mar 2024 NCLT order
- 7 Mar 2024 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Agriculture and Allied Activities
- PIN
- 600096
- Incorporated
- 8 Feb 2007
- Authorised capital
- Rs 1.20 Cr
- Paid-up capital
- Rs 63.08 L
- CIN
- U01403TN2007PTC062309
- Registered office
- No. 7B, KG 360 IT BUSINESS PARK, # 232/1. DR. MGR SALAI, PERUNGUDI,CHENNAI,Tamil Nadu,600096-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| S P Jayanathan | 1,75,197 | 27.77% |
| K Pradeep | 1,72,619 | 27.36% |
| P Arulanandham | 85,934 | 13.62% |
| Suresh Bharathan | 2,82,89 | 4.48% |
| Amrik Singh Tak | 1,68,808 | 26.76% |
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.