Voluntary liquidation · IBC s.59

German Centre for Industry and Trade Delhi Private Ltd

CIN · U74140DL2008FTC179207 Company Delhi MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

11 Jan 2024

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 4.12 Cr

Value realised from assets

Paid to creditors

Rs 18.00 L

100.0% of reported dues

Surplus to members

Rs 3.69 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 4.4%Rs 18.00 L

Expenses · 5.8%Rs 24.00 L

Members · 89.6%Rs 3.69 Cr

Amount due to creditors: Rs 18.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 4.12 Cr
Amount due to creditors	Rs 18.00 L
Amount paid to creditors	Rs 18.00 L
Liquidation expenses	Rs 24.00 L
Surplus to members	Rs 3.69 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 register

Time to dissolve1,077 days

459 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down5.8% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 4.12 Cr

above the median realisation of Rs 66.00 L

Reading this record

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 3.69 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: NEW DELHI BENCH (COURT-II)
Case number: Company Petition No. 74 of 2023
Order date: 11 Jan 2024

Company shall be dissolved from the date of this Order

What the bench said

In the light of the documents and facts placed on record, averments and the submissions made by the Applicant/Voluntary Liquidator, the Company deserves to be dissolved.

Statutory observations

Liquidator has not completed the liquidation proceeding in stipulated time frame, as per 37(1) Regulation of IBBI (Voluntary Liquidation Process) Regulation, 2017.

11 Jan 2024 · Company Petition No. 74 of 2023 · 13 pages Read the order

Why the company wound up

In the order's own words

What it was doing by the end: no ongoing business operations carried out by the Company and there appears no opportunity for the Company to do business in future

The wind-down, stage by stage

6 dated stages

1,077 days to dissolve

12 Jan 2021 Public announcement
29 Jan 2021 Liquidation commenced
26 Feb 2021 Preliminary report
19 Dec 2022 Final report
11 Jan 2024 NCLT order
11 Jan 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Delhi
ROC: ROC Delhi
Industry: Business Services
PIN: 110001
Incorporated: 6 Jun 2008
Authorised capital: Rs 68.52 Cr
Paid-up capital: Rs 68.42 Cr
CIN: U74140DL2008FTC179207
Registered office: 1A-D VANDANA 11, TOLSTOY MARG,NEW DELHI,Central Delhi,Delhi,110001-India

Directors named in the order

Andreas Geltinger

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

Total receipts: Rs 4.12 Cr
Total payments: Rs 4.12 Cr
Liquidator fee: Rs 2.81 L
Liquidation cost: Rs 24.20 L

Receipts

Balance at Bank as on 11th January 2021 11 Jan 2021	Rs 57.23 L
Fixed Deposit with HDFC Bank as on 11th January 2021 11 Jan 2021	Rs 3.40 Cr
Interest Realised On Fixed Deposits (Net of TDS)	Rs 10.81 L
Income Tax Refund including interest	Rs 3.67 L

Payments

Liquidator Fees (after deduction of tax and inclusive of GST)	Rs 2.81 L
Payment of Auditor’s fees for Audit of Financial Year 2020-21, 2021-22 and Receipt and Payment account	Rs 2.54 L
Certification for liquidation and proceeds remittance (after deduction of tax)	Rs 1.19 L
Other Legal and incidental payments (after deduction of tax)	Rs 13.89 L
Payment of TDS on liquidators fees, claim amounts, Audit Fees, and on the payments	Rs 3.77 L
Payment pursuant to the claim filed (after deduction of tax)	Rs 18.00 L
Capital Repayment Amount paid to shareholders/ members	Rs 3.69 Cr

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.