India Steamship 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 30.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 28.00 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 register174 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 28.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- JAIPUR BENCH
- Case number
- CA No. (IB) 44/59/JPR/2020
- Order date
- 9 Feb 2021
The Corporate Person, India Steamship Limited, stands dissolved from the date of this Order, i.e. 09.02.2021.
What the bench said
On hearing the submissions made by the counsel appearing for the Corporate Person and examination of the documents annexed to the Application it is clear that the affairs of the company have been completely wound up and its assets have been completely liquidated.
Statutory observations
The ROC further stated that all relevant filings under various applicable laws had been done and no complaint had been received by the ROC against the Applicant Company from any Shareholders, Creditors and Stakeholders.
Why the company wound up
In the order's own words
the shareholders of the Company are not intending to do any business or carry on any commercial activity through the Company
- What it was set up to do
- to carry on the business of purchase, charter, hire, sell or deal in steam and other ships, trawlers, censeyance and other vessels of every description and to undertake, carry on business activities and provide services of all types and description including charter hiring of supply vessels.
- What it was doing by the end
- the Company is no longer operational and has no prospects of carrying-on business in future.
The wind-down, stage by stage
9 dated stages
- 29 Oct 2018 Board resolution to wind up
- 13 Nov 2018 Declaration of solvency
- 10 Dec 2018 Liquidation commenced
- 14 Dec 2018 Public announcement
- 9 Jan 2019 Last date for creditors to claim
- 23 Jan 2019 Preliminary report
- 9 Dec 2019 Final report
- 9 Feb 2021 NCLT order
- 9 Feb 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
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Rajasthan
- ROC
- ROC Jaipur
- Industry
- Transport, storage and Communications
- PIN
- 325208
- Incorporated
- 1 Apr 2011
- Authorised capital
- Rs 55.00 Cr
- Paid-up capital
- Rs 25.00 L
- CIN
- U61100RJ2011PLC034702
- Registered office
- Gadepan,Gadepan,Kota,Rajasthan,325208-India
Directors named in the order
Anil Kapoor · Abhay Baijal · Rajveer Singh
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
comprising of cash, bank balance and other financial assets
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.