Kcmt Machinery 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 2.00 L |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 0 |
| Surplus to members | Rs 0 |
"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 register1,100 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- Chennai Bench Court I
- Case number
- CP(IB)/187(CHE)/2023
- Order date
- 8 Aug 2024
Dissolved effective order date
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
Why the company wound up
In the order's own words
due to non-availability of business prospect and long term financial resources it is not financially viable to carry on the business activities of the Company
- What it was set up to do
- manufacturing, wholesale trading, trading, buying, selling, importing and exporting of machineries, industrial machineries, material handling equipment, tools, components, parts, engineering goods, accessories and other related products.
- What it was doing by the end
- Company had not been carrying on its business from the preceding 2 years and not earning any profits.
The wind-down, stage by stage
10 dated stages
- 12 Nov 2019 Board resolution to wind up
- 12 Nov 2019 Declaration of solvency
- 25 Nov 2019 Liquidation commenced
- 29 Nov 2019 Public announcement
- 6 Jan 2020 Preliminary report
- 25 Oct 2022 Final report
- 29 May 2023 Final report filed with IBBI
- 8 Aug 2024 Last hearing
- 8 Aug 2024 NCLT order
- 8 Aug 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 600077
- Incorporated
- 29 Jan 2018
- Authorised capital
- Rs 6.00 L
- Paid-up capital
- Rs 6.00 L
- CIN
- U29309TN2018FTC120663
- Registered office
- 70/2A, 126 PH ROAD VELAPANCHAVADI,CHENNAI,Chennai,Tamil Nadu,600077-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.66 L
- Total payments
- Rs 1.66 L
- Liquidation cost
- Rs 43,769
Receipts
| Refund from Statutory Authorities | Rs 3,850 |
|---|---|
| Cash & Bank balance | Rs 1.62 L |
Payments
| Liquidation Cost | Rs 43,769 |
|---|---|
| Government Dues | Rs 20,000 |
| Any remaining Debts and Dues | Rs 1.02 L |
What the company held
NOT APPLICABLE – SINCE NO ASSETS
Creditors and claims
As the order records them
liquidator has not received any claims from the creditors of the Company.
Creditor approval
there are no creditors and as such their consent confirming their special resolution passed by the members of the Company for the liquidation 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.