Inventec Manufacturing (India) 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 1.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 3.58 Cr |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 50.00 L |
| Surplus to members | Rs 3.07 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 register179 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 3.07 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP(IB)/93(CHE)/2023
- Order date
- 12 Sep 2023
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved
Why the company wound up
In the order's own words
due to huge losses and due to non-availability of business prospects
- What it was set up to do
- to manufacture, import, export, trade, rent, lease otherwise deal in desktop, personal computer, servers, feature phone and related components
The wind-down, stage by stage
8 dated stages
- 5 Jul 2021 Board resolution to wind up
- 7 Jul 2021 Liquidation commenced
- 9 Jul 2021 Public announcement
- 20 Aug 2021 Preliminary report
- 21 Feb 2023 Final report
- 21 Aug 2023 Final report filed with IBBI
- 12 Sep 2023 NCLT order
- 12 Sep 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
- Dissolved under section 59(8)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 600090
- Incorporated
- 9 Apr 2015
- Authorised capital
- Rs 56.00 Cr
- Paid-up capital
- Rs 56.00 Cr
- CIN
- U31900TN2015FTC100019
- Registered office
- Old No. 3, New No.5 Vanitha 3rd Avenue, Besant Nagar,,Chennai,Chennai,Tamil Nadu,600090-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
bank balance and the amounts due from vendors and debtors
Creditors and claims
As the order records them
Liquidator has not received any claims during the process of liquidation except for a claim from P.F Office for Rs.1,18,841 on 26 August 2021 and the claim was settled by liquidator
Creditor approval
The Company has no creditors
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.