Electrosteel Aviation 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 | Not reported |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Not reported |
| Surplus to members | Not reported |
"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 registeralready longer than the median completed wind-down (618 days)
the median age of the 978 wind-downs still in process is 790 days
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. This one has not finished, so the money columns are empty — an accurate picture of an unfinished process, not a gap in the record.
The NCLT order
Read from the document itself
- Bench
- Kolkata Bench (Court-II)
- Case number
- CP(1B) No. 176/KB/2022
- Order date
- 9 May 2024
Voluntary liquidation of the above-named Corporate Person represented by its Liquidator is allowed.
What the bench said
The Final Report of the Liquidator discloses that the realizable properties of the company are sufficient to cover the cost of the liquidation process and the affairs of the company does not require any further investigation for payments to the creditors and members of the company; all the assets of the company have been disposed of; debts of the corporate debtor has been discharged; no litigation is pending against the company.
Why the company wound up
In the order's own words
Due to non-availability of business prospect and long term financial resources it was not financially viable to carry on the business activities
- What it was doing by the end
- The Corporate Person has not been carrying on any business for past few years and it is not earning profits except the income from investments.
The wind-down, stage by stage
4 dated stages
- 15 Jul 2021 Board resolution to wind up
- 13 Aug 2021 Liquidation commenced
- 18 Aug 2021 Public announcement
- 9 May 2024 NCLT order
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
- Under Liquidation
- Company class
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- West Bengal
- ROC
- ROC Kolkata
- Industry
- Business Services
- PIN
- 700016
- Incorporated
- 23 Feb 2010order says 23 Mar 2010
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 2.00 Crorder says Rs 20.00 L
- CIN
- U74120WB2010PLC142620
- Registered office
- ROOM NO. - 4D, PARK PLAZA, (SOUTH BLOCK) 71, PARK STREET,KOLKATA,Kolkata,West Bengal,700016-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Financial assets like sundry debtors, loans & advances, bank balance and cash
Creditors and claims
As the order records them
Claims were received from stakeholders in Form F on 15th and 16th September, 2021.
Litigation and delays
The frictions the order records
Litigation
No litigation is pending against the company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.