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Voluntary liquidation · IBC s.59

Gupta Polymers Pvt.Ltd.

CIN · U74899DL1973PTC006691 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

25 Apr 2025

View process timeline

What did the wind-down return?

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

Assets realised
Rs 5.16 Cr
Value realised from assets
Paid to creditors
Rs 1.00 L
100.0% of reported dues
Surplus to members
Rs 5.05 Cr
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.2%Rs 1.00 L
Expenses · 1.9%Rs 10.00 L
Members · 97.9%Rs 5.05 Cr

Amount due to creditors: Rs 1.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 5.16 Cr
Amount due to creditorsRs 1.00 L
Amount paid to creditorsRs 1.00 L
Liquidation expensesRs 10.00 L
Surplus to membersRs 5.05 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 dissolve587 days

31 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down1.9% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 5.16 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 5.05 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
NEW DELHI COURT-V
Case number
IB-150/ND/2024
Order date
1 Apr 2024

Issue notice to the RoC and IBBI for filing their report/comments and appearance.

1 Apr 2024 · IB-150/ND/2024 · 1 pages Read the order

The wind-down, stage by stage

3 dated stages

587 days to dissolve
  1. 16 Sep 2023 Liquidation commenced
  2. 1 Apr 2024 NCLT order
  3. 25 Apr 2025 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
Delhi
ROC
ROC Delhi
Industry
Business Services
PIN
110052
Incorporated
2 Jul 1973
Authorised capital
Rs 25.00 L
Paid-up capital
Rs 18.75 L
CIN
U74899DL1973PTC006691
Registered office
A-106,WAZIRPUR INDUSTRIAL AREA,DELHI-110052.,NEW DELHI,Delhi,110052-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

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All voluntary liquidations