India Centric Education Hub 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
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 15.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 10.00 L |
| Surplus to members | Rs 5.00 L |
"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 register162 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
below 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 5.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- PRINCIPAL BENCH, NEW DELHI
- Case number
- CP (IB) No. 351/PB/2023
- Order date
- 8 Feb 2024
Dissolution of the Company allowed
What the bench said
The affairs of the Corporate Person have been completely wound up and its assets have been completely liquidated. No liabilities have been left unsatisfied. Non-filing of Financial Statement for period from 01.04.2021 to 19.12.2021 does not create an embargo for voluntary liquidation.
Statutory observations
The company has failed to file financial statement for the period from 01.04.2021 to 19.12.2021 in compliance with section 137(1) of the Companies Act, 2013.
Why the company wound up
In the order's own words
slow-down in operations of the company for the last two years with no prospect of new projects of new business in the area in which company operates
- What it was set up to do
- To carry on the business of providing marketing support to institutions, universities, companies or other entities established in or outside India for promoting their online courses, programs, content etc. within India
The wind-down, stage by stage
8 dated stages
- 8 Dec 2021 Board resolution to wind up
- 20 Dec 2021 Liquidation commenced
- 24 Dec 2021 Public announcement
- 20 Jan 2022 Preliminary report
- 23 Jan 2022 Last date for creditors to claim
- 19 May 2023 Final report
- 8 Feb 2024 NCLT order
- 8 Feb 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
- 110051
- Incorporated
- 14 Jul 2017
- Authorised capital
- Rs 40.00 L
- Paid-up capital
- Rs 32.00 L
- CIN
- U74999DL2017FTC320694
- Registered office
- House No. 60, Old Anarkali Krishna Nagar,Delhi,East Delhi,Delhi,110051-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Lei European Investment B.V., the Holding Company | 3,19,999 | |
| Laureate I.B.V, the fellow subsidiary | 1 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 14.86 L
- Liquidation cost
- Rs 10.17 L
Receipts
| Cash / Bank balance | Rs 14.86 L |
|---|
What the company held
cash in Bank Account and negotiable instruments to the tune of INR 16,68,908/-. Investment other than Marketable Securities and other current assets to the tune of INR 99,732/-
Creditors and claims
As the order records them
Nil claim
Creditor approval
NA
Litigation and delays
The frictions the order records
Litigation
There were no litigation pending against the Corporate Person.
Why it took as long as it did
Due to FEMA issue, there was delay in payment of capital
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.