Hirit Hydro Power 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 1.57 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 4.00 L |
| Surplus to members | Rs 1.53 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 register198 days slower 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 1.53 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- New Delhi Bench-VI
- Case number
- (IB)-2159/ND/2019
- Order date
- 12 Mar 2021
Dissolved effective order date
What the bench said
necessary compliances of Section 59 and other relevant provisions of the Insolvency and Bankruptcy Code, 2016 read with the regulations have been stated within time
Statutory observations
The ROC has filed their reply stating that an Affidavit of Solvency was filed by the Director deposing that the Company was not being liquidated to defraud any person.
Why the company wound up
In the order's own words
no significant business operation in the company for more than two years
- What it was set up to do
- carry on the business to contribute sustainable development by supplying power, heat, energy in all forms including wood and any other kind of biomass both processed and unprocessed in such a way as to cause minimum damage to the global climate and to promote renewable energy in all its forms including electricity generation based on biomass combustion etc.
- What it was doing by the end
- no significant business operation in the company for more than two years
The wind-down, stage by stage
9 dated stages
- 20 Nov 2018 Board resolution to wind up
- 14 Dec 2018 Declaration of solvency
- 17 Dec 2018 Liquidation commenced
- 19 Dec 2018 Public announcement
- 5 Jan 2019 Preliminary report
- 26 Jul 2019 Final report
- 26 Jul 2019 Final report filed with IBBI
- 12 Mar 2021 NCLT order
- 12 Mar 2021 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 (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Electricity, Gas and Water companies
- PIN
- 110003
- Incorporated
- 14 Nov 2007
- Authorised capital
- Rs 20.00 Cr
- Paid-up capital
- Rs 7.27 Cr
- CIN
- U40109DL2007PTC170439
- Registered office
- G-77, SUJAN SINGH PARK,NEW DELHI,Delhi,110003-India
Creditors and claims
As the order records them
no claims were received from any creditor
Creditor approval
no claims were received from any creditor
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.