IL&FS Capital Advisors 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 10.47 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 7.00 L |
| Surplus to members | Rs 10.40 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 register1,739 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 10.40 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH-I
- Case number
- CP (IB) No.3822/MB-I/2019
- Order date
- 11 Oct 2023
Company shall be dissolved from the date of this order.
What the bench said
On examining the submission made by the counsel appearing for the petitioner and the documents annexed to the petition it appears that the affairs of the company have been completely wound up, and its assets have been completely liquidated.
Why the company wound up
In the order's own words
- What it was doing by the end
- The Company is not carrying any business and not earning any profits.
The wind-down, stage by stage
8 dated stages
- 19 Apr 2017 Board resolution to wind up
- 19 Apr 2017 Declaration of solvency
- 28 Apr 2017 Liquidation commenced
- 3 May 2017 Public announcement
- 8 Jun 2017 Preliminary report
- 15 Oct 2019 Final report
- 11 Oct 2023 NCLT order
- 11 Oct 2023 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
- Under Liquidation
- Company class
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Finance
- PIN
- 400051
- Incorporated
- 20 Jan 2012order says 26 Jan 2012
- Authorised capital
- Rs 25.00 Cr
- Paid-up capital
- Rs 10.00 Cr
- CIN
- U65191MH2012PLC226314
- Registered office
- The IL&FS Financial Centre, 3rd Floor,Plot C - 22 G- Block, Bandra Kurla Complex, Bandra E,ast,Mumbai,Mumbai City,Maharashtra,400051-India
Directors named in the order
Vibhav Ramprakash Kapoor · Ramesh Chander Bawa · Milind Narendra Patel · Rajesh Krishnappa Kotian
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
The company does not have any liabilities and Creditors nor there are any realizable assets.
Creditors and claims
As the order records them
The Liquidator did not receive any claims from the operational creditors, financial creditors, workmen, employees and other stakeholders under the advertisement published in the newspaper.
Creditor approval
The Company doesn't have any Creditors, hence their consent for Special Resolution is not required.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.