Jurong Engineering (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 12.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.42 Cr |
|---|---|
| Amount due to creditors | Rs 12.00 L |
| Amount paid to creditors | Rs 12.00 L |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 1.27 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 register74 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 1.27 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH – I, CHENNAI
- Case number
- CP/550/2020
- Order date
- 3 May 2021
Dissolution of M/s. Jurong Engineering (India) Private Limited; the Applicant Company shall stand dissolved from the date of this order.
What the bench said
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.
Statutory observations
Income Tax Department has not any objection or raised any issue in relation to the same.
Why the company wound up
In the order's own words
no significant business operations in the Company for last many years and no revival plan could be worked out for the Company
- What it was set up to do
- to carry on the business of conducting feasibility studies, preparation of feasibility reports, conceptual and basic engineering and design services and to enter into any contracts in relation to and to erect, construct, maintain alter, repair, demolish and restore power plants, infrastructure facilities and related plant, equipments, constructions and systems, etc.
- What it was doing by the end
- no significant business operations in the Company for last many years
The wind-down, stage by stage
5 dated stages
- 11 Jun 2019 Liquidation commenced
- 15 Jun 2019 Public announcement
- 9 Jul 2019 Preliminary report
- 3 May 2021 NCLT order
- 3 May 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Construction
- PIN
- 600018
- Incorporated
- 18 Dec 1997
- Authorised capital
- Rs 6.00 Cr
- Paid-up capital
- Rs 4.18 Cr
- CIN
- U45207TN1997PTC039616
- Registered office
- UNIT 8C CENTURY PLAZA 560 ANNA SALAI, TEYNAMPET,CHENNAI,Tamil Nadu,600018-India
Directors named in the order
Karuppiah · Tee Keng Hock
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Jurong Engineering Limited, Singapore | 99.99 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
bank balance of Rs.1,41,85,000/- as on the Liquidation commencement date
Creditors and claims
As the order records them
the Liquidator has received a claim from the Operational Creditors in Form B and from the Statutory Authorities in Form F which was verified as per Regulation 29 of IBBI (Voluntary Liquidation Process) Regulations, 2017 and the same was admitted by the Liquidator
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.